China Rapid Finance decreases proposed IPO deal size

China Rapid Finance, which operates an online marketplace in China for small peer-to-peer loans, lowered the proposed deal size for its upcoming IPO on Thursday. The Shanghai, China-based company now plans to raise $65 million by offering 10 million shares ... ( read original story ...)

Best Heaven on Earth for Business Travelers: Suzhou, China

Are you traveling for business or attending a conference to Shanghai, China? If so, you just can’t miss spending some time exploring the surrounding regions. If we have to name one, consider this: Suzhou. The guys at Los Angeles-based Cheap Every Door ... ( read original story ...)

Reserve Bank of India penalizes banks

NEW DELHI: The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999. The central bank ... ( read original story ...)