ICBC is the nation’s largest bank by assets, but small- and mid-sized mainland banks including China Merchants Bank, Shanghai Pudong Development Bank, Industrial Bank and Ping An Bank, have already tested the waters in using such robos in a bid to woo ... ( read original story ...)
Manulife launches wholly-owned investment business in Shanghai
Canadian asset manager Manulife Asset Management on Wednesday launched a wholly-owned investment business in Shanghai and welcomed Beijing's steps to raise limits on foreign ownership in the finance sector. Last Friday, China said it planned to increase ... ( read original story ...)
Shanghai Pharma buys US Cardinal Health’s China business for $557 million
Deal gives the China business $1.2 billion enterprise value Shanghai Pharma keen to expand network nationwide Cardinal Health put business up for sale due to rule changes U.S. private-equity firm Warburg Pincus among bidders-sources Shanghai ... ( read original story ...)
China’s Stock Market Is Flashing Some Major Warning Signals
"The risk appetite is dropping," said Dai Ming, a fund manager at Hengsheng Asset Management in Shanghai. "Tight liquidity and ugly ... will remain in place has taken its toll on the debt market, sending the yield on the nation's 10-year treasuries above ... ( read original story ...)
More Chinese companies go public in global IPO surge
A total of 377 Chinese companies debuted on the Shanghai and Shenzhen stock exchanges so far this ... The result echoes the earlier report by Xinmin Evening News that the number of IPO would be 352 as of the middle of October, a new high compared to ... ( read original story ...)
Shanghai Pharma buys U.S. Cardinal Health’s China business for $557 mln
The deal will also help Shanghai Pharma, China's third largest drug distributor, become a leading importer of foreign medicine into the world's second-largest drug market. By comparison, Shanghai Pharma, which is backed by the Shanghai government ... ( read original story ...)
AnalogFolk Launches Office in Shanghai Led by Wayne Fan and Tommy Liou
Independent digital creative agency AnalogFolk is opening an office in Shanghai, marking the sixth in its network. The new office will be led by managing director and partner Wayne Fan and creative director and partner Tommy Liou, and launches as a ... ( read original story ...)