China stock market hosts 76 ‘capital families’

A recent report shows there are 76 'capital families' in the Shanghai and Shenzhen stock market, consisting of 179 firms and accounting for 4.8% of the total market cap of listed companies, the reported, citing research from an "authoritative institution." ( read original story ...)

Buyer switched on ANZ’s $875 million stake in Chinese bank

One of the planned buyers of ANZ Bank's 20 per cent stake in Shanghai Rural Commercial Bank has been replaced by Chinese steel business Baoshan Iron & Steel, nine months after an initial deal was announced. In January this year, ANZ Bank revealed ... ( read original story ...)

Shanghai forum highlights city’s goals for growth

Shanghai will proactively serve the needs of and participate in the Belt and Road Initiative. It also will cooperate with cities and markets involved in the initiative in the fields of economics and trade, financial services, infrastructure construction ... ( read original story ...)

China approves nine IPO applications

17 (Xinhua) -- China Securities Regulatory Commission (CSRC) has approved IPO applications from nine companies. The firms will raise up to 4.4 billion yuan (more than 670 million U.S. dollars), the CSRC said. Three companies will be listed on the Shanghai ... ( read original story ...)