What do the moves in China mean for the retail investor? David Chao, DCM Ventures co-founder and general partner, joins Squawk Alley to discuss.» Read More
Shares in Bank of Communications soared 80% as they listed in Shanghai on Tuesday, after the bank's Shanghai initial public offering attracted a record $189 billion in subscriptions.
China's main stock index climbed 0.80% to just below its record high on Monday as investors shrugged off an announcement by the securities regulator that it would crack down on insider trading and share manipulation.
Chinese central bank chief Zhou Xiaochuan acknowledged on Sunday that a bubble in the country's stock market was a concern and said the central bank was monitoring asset prices along with inflation.
The Shanghai stock exchange is in talks with HSBC and other high-profile foreign firms to list their shares in mainland China, as part of its strategy to revive the recently moribund bourse, the Financial Times reported on Tuesday.
At last week's Shanghai Auto Show, the GM CEO got an up-close view of the latest trend in the auto business -- cheap cars for developing markets. Oh make no mistake; this is not a trend that Wagoner is just stumbling upon. He's known about it for some time, and in some ways, General Motors is testing out the idea of selling "mini" cars -- with presumably a rather low price point. We'll talk more about that in a bit.