Australia’s Westpac Banking Corp is exiting banking operations in China and some other Asian markets to focus on its core domestic and New Zealand businesses, as it grapples with capital constraints ... ( read original story ...)
Billionaire Rides Cooking Oil Dominance to Record Chinese IPO
Kuok Khoon Hong is ready to pull off a remarkable second act. The billionaire sold shares of his China business in the biggest ever initial public offering on the Shenzhen Stock Exchange, thanks to ... ( read original story ...)
An Unpopular IPO Rule Hands Chinese Banks Big Windfalls
When China rolled out its own Nasdaq-style listings venue, regulators forced investment banks to buy stocks in the companies they took public. That unusual requirement is now paying off big time. ( read original story ...)
China’s stock market value hits record high of more than $10tn
The total value of China’s stock market has climbed to a record high of more than $10tn, as the country’s accelerating economic recovery propelled it past the previous peak hit during an equities ... ( read original story ...)
Market value of Chinese companies reaches record high
The total value of all stocks listed in bourses in Shanghai and Shenzhen secured a new peak of $10.08 trillion as markets closed on Tuesday, the same day that Beijing released positive trade data, the ... ( read original story ...)
China’s stock market passes $10 trillion
Chinese stock valuations have hit a record high ... The CSI 300 – the benchmark index of Shenzhen and Shanghai stocks – is up 17pc this year. Despite being the initial epicentre of the Covid-19 ... ( read original story ...)
Hong Kong forex intervention hits highest since 2009 financial crisis
Hong Kong's central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its ... ( read original story ...)