New Chinese Fund Lures $17 Billion in a Day

Feb.19 — Shanghai-based Foresight Fund attracted about 20 times more interest from investors for its second equity mutual fund than it’s permitted to handle, people familiar with the matter said. The firm, founded by veteran investor Chen Guangming in late 2018, received at least 120 billion yuan ($17 billion) of orders for the fund on Tuesday alone. … Read more New Chinese Fund Lures $17 Billion in a Day

F1 postpones Shanghai Grand Prix amid coronavirus fears | The World

The World speaks with Formula 1 analyst Michael Lamonato about China’s decision to call off one of its biggest events, and what it means for the rest of its major sports gatherings. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: … Read more F1 postpones Shanghai Grand Prix amid coronavirus fears | The World

Shanghai coronavirus lockdown: Deserted streets of a 24+ million city

Chinese authorities have extended the country’s internal quarantine to include four additional cities comprising roughly 21 million people in a bid to stop the spread of the novel coronavirus. Travel restrictions have been placed on residents in Taizhou, Hangzhou, Ningbo and Wenzhou; allowing only one person per household to leave every two days to go … Read more Shanghai coronavirus lockdown: Deserted streets of a 24+ million city

Chinese shares plunge as investors cut risks over virus outbreak

Investors worried about the spread of the coronavirus wiped more than $400bn off the value of China’s stocks in the first trading session on Monday after an extended Lunar New Year break while the death toll from the epidemic rose to 361. The Shanghai Composite index sank to a one-year low after falling more than … Read more Chinese shares plunge as investors cut risks over virus outbreak

Coronavirus: China shares in biggest fall in four years – BBC News

Fears over the coronavirus triggered a sharp fall in Chinese shares when the market reopened after the Lunar New Year holiday. The Shanghai Composite index closed nearly 8% lower, its biggest daily drop for more than four years. Manufacturing, materials, and consumer goods companies were among the hardest hit, while healthcare shares soared. The fall … Read more Coronavirus: China shares in biggest fall in four years – BBC News

Four Australians contract coronavirus as authorities brace for more | ABC News

NSW Health has confirmed three cases of the deadly disease in Sydney, bringing the national total of confirmed cases to four. A man in his 50s in Victoria became the first confirmed case in Australia on Saturday morning. On Sunday, state media in China said 13 more people died from the coronavirus outbreak in the … Read more Four Australians contract coronavirus as authorities brace for more | ABC News

China coronavirus: 20 confirmed cases in Shanghai, transport restrictions include 12 cities

China coronavirus: 20 confirmed cases in Shanghai, transport restrictions include 12 cities. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN Visit our website: http://www.france24.com Subscribe to our YouTube channel: http://f24.my/youtubeEN Like us on Facebook: https://www.facebook.com/FRANCE24.English Follow us on Twitter: https://twitter.com/France24_en

Coronavirus outbreak in China: “Maybe the virus is here in Shanghai”

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