SHANGHAI, June 22 (Reuters ... The surge was fuelled by hunger for cash among financial institutions ahead of tax payments and a quarterly central bank health check. Cooling things down were net liquidity injections through open market operations ... ( read original story ...)
Xiaomi is looking to raise up to $6.1 billion in Hong Kong IPO
After postponing Shanghai IPO, Xiaomi today confirmed that it will list in Hong Kong first offering a total of 2,179,585,000 Shares (subject to the Over-allotment Option), comprising initially 108,980,000 Hong Kong Offer Shares (subject to adjustment ... ( read original story ...)
Xiaomi some of the money: Smartphone giant scales back IPO
In what is one of the hottest initial public offerings (IPOs) of 2018, Xiaomi is going to float on the Hong Kong Stock exchange to raise $6bn but has postponed plans to list in Shanghai in what may have reaped it $10bn in investment. This will still be one ... ( read original story ...)
Think Next: Microsoft for Startups China Enables Chinese Innovations to “Go Global” and Overseas Innovations to “Go China”
SHANGHAI- Microsoft ScaleUp Shanghai today hosted the Think Next demo day for its third cohort of startup companies. 14 entrepreneurial teams shared their innovative achievements in areas of artificial intelligence, cloud computing, big data, Internet of ... ( read original story ...)
Shanghai finance sector poised for more opening-up
Local administrators in Shanghai said they are planning to roll out more projects responding to the central government's financial opening-up policies later this year, especially in the China (Shanghai) Pilot Free Trade Zone. The new projects follow 23 ... ( read original story ...)
Forced Stock Sales Haunt China as UBS Sees $68 Billion at Risk
“It will remain one of the major overhangs for the stock market in the near term,” Hao Hong, chief strategist at Bocom International Holdings Co., said in an interview from Shanghai. Few are calling for a 2015-style collapse. But any sign of increased ... ( read original story ...)
Shanghai Pilot Free Trade Zone issues new preferential policies for foreign financial institutions
Foreign financial institutions will be allowed to establish a branch and subsidiary at the same time while foreigners can own majority stakes in domestic life insurance companies in Shanghai Pilot Free Trade Zone. These will be possible under 25 new rules ... ( read original story ...)