Shanghai IPOs remain subdued despite stimulus

A stronger currency suits Beijing's global ambitions, but threatens exporters. Economists warn the PBOC's latest intervention reveals a delicate balancing act.

Guizhou Zunyi Titanium cancels its A-share IPO application. As many as 200 other companies are expected to follow suit.

Geopolitics, interest rates and investor appetite will continue to weigh on the city’s bourse, lagging US peers along its IPO recovery journey. Meanwhile, from September, traders will be able to trade during typhoons.

South Korea's president has lifted martial law after parliament voted to defy the shock move on Tuesday; Bank of Korea held an emergency meeting on December 4.

This move makes Alibaba eligible for the SAR’s Stock Connect programmes, which will help the firm tap a larger group of Chinese investors; however, rival PDD Holdings saw its shares drop sharply on the Nasdaq this week, and JD.com has unveiled a $5bn share buyback plan.

The process of gaining approval to list in China is open to corruption as a small number of officers have unchecked power over which applicants go first, economist says.