Tag Archives: industrial and commercial bank of china

This strategic investment, totaling around $65 million, translates to approximately 0.01 percentage point in each bank. The impact on the market was immediate and substantial, with shares of these major banks soaring between 2.43% and 4.73% in the early hours of Thursday. China’s sovereign wealth fund, Central Huijin Investment Ltd, has taken a significant step to bolster the country’s struggling stock market. In a move similar to its 2015 intervention, Huijin has increased its stake in...

After closing Monday at $524.86, Tesla stock accelerated on Tuesday in premarket to yet another all-time high in just a span of days. At the time of writing the price was growing by 1.74% to $534.With the electric car maker’s market cap now crossing the psychological margin of $90 billion, the company’s CEO, Elon Musk is now pretty close to unlock the first tranche (out of 12) of his generous pay package that was announced in 2018.Musk’s compensation plan included numerous performance targets...