Freight traffic via Ereenhot surges

The number of freight trains that passed through Ereenhot, a border port in North China's Inner Mongolia autonomous region, has reached 5,088 till now, according to local railway officials. Ereenhot initiated China-Europe freight trains in May 2014 and has been seeing a steady growth in cargo shipments, they said. The number of cargo trains passing through the port has risen from an average of two in March to seven at present, despite the COVID-19 prevention and control measures, due to the steady work and production resumption.

Ant Group submits documents for IPO

Ant Group has submitted documents to the securities regulator in Shanghai for its initial public offering, the city's bourse said on Tuesday. This marks the latest development since the Shanghai Stock Exchange last week approved the listing plan, which some expect to be the world's largest IPO. It took less than a month for the company to get an IPO application, clear inquiries, get necessary approvals and file listing documents. The financial technology firm plans to list simultaneously on Shanghai's Nasdaq-style STAR Market and in Hong Kong.

Xinhua - China Daily