ANZ’s Shanghai stake sale balances risks

Shanghai Rural contributed $259m to ANZ’s post-tax profit in the last financial year. Moreover, if ANZ goes through with the selldown of the rest of its minority Asian bank stakes, as planned, that earnings hole would grow to around 10 per cent ... ( read original story ...)

PwC sees rising IPOs in Shanghai and Shenzhen

PwC said that the value of IPOs in 2016 fell by 5.2 percent to 150.4 billion yuan ($21.6 billion). [Photo/IC] The number of initial public offerings on the Shanghai and Shenzhen stock markets is expected to increase rapidly in the current year-and their ... ( read original story ...)

Shanghai attracts $18.5 billion in overseas investment in 2016

According to official figures released by the Shanghai Municipal Commission of Commerce on Sunday, overseas investments in the city's service sector exceeded $16.3 billion, a year-on-year increase of 2.5 percent. Of theses, the rental and business service ... ( read original story ...)