A Chinese EV giant’s financing reckoning, and a stockbroker’s commodities pivot
China's central bank is shutting down an IOU system used by BYD to pay its suppliers. Why is it taking this step? And revenue for a stock broker called GoFintech has soared more than 40-fold after it entered the commodities trading business. How should investors look at such a move?
FAST NEWS: Guotai Junan to merge with Haitong to create new leading brokerage
The Latest: Guotai Junan Securities Co. Ltd. (2611.HK; 601211.SH) announced Thursday it plans to merge with Haitong Securities Co. Ltd. (6837.HK; 600837.SH) via a share swap, while Guotai Junan will…
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