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Semiconductor maker ASM Pacific 'plans to go private’

HK-listed semiconductor equipment manufacturer ASM Pacific Technology is in talks with potential investors to help take it private, sources told Reuters.

September 22, 2020

Chinese shares close lower Tuesday

The Shanghai Composite Index went down 1.29%, at 3,274.3 points while the Shenzhen Component Index closed 0.96% lower at 13,023.43 points.

September 22, 2020

LPR switch set to be completed soon, says PBOC

A majority of the banks in China have started using the Loan Prime Rate as the benchmark for new lending, marking a milestone in the country's interest rate reform, according to the PBOC.

September 22, 2020

Tencent's WeChat app sees downloads surge before US ban

Data showed on Tuesday that WeChat has seen a surge in downloads in the US since Friday after Washington confirmed it would push ahead with a planned ban.

September 22, 2020