A provider of after-school math tutoring, Four Seasons grew at 55% in the 1H17 with an impressive 35% EBITDA margin, but its concentration in Shanghai has started to cut into enrollment growth. Both biotech IPOs this week are developing drugs that inhibit ... ( read original story ...)
Margin Lending for Stock Purchases Hit Nearly Two-Year High
On Wednesday, outstanding margin loans for Shanghai-listed stock purchases totaled 593 billion yuan, and 407 billion yuan for Shenzhen-listed stock purchases. “The strong increase in margin financing underlines the recovery of market sentiment and a ... ( read original story ...)
China Chief at ANZ Bank Sees Little Chance of Credit Crisis
Further overseas bond sales by Chinese entities will allow the country to tap into new pools of capital, he said in an interview at ANZ Bank’s Shanghai office on Thursday. There’s little chance of a financial meltdown in China because the biggest slice ... ( read original story ...)
Deutsche Bank Weetabix Suit Shows How Brexit Affects Breakfast
But in a courthouse across town, the breakfast cereal could end up costing Deutsche Bank AG a lot more: $118 million. Bright Food Hong Kong Ltd. sued the lender in Shanghai, accusing Deutsche Bank of misleading it into buying British pound-to-U.S. dollar ... ( read original story ...)
ING appoints branch manager of ING Bank Shanghai
ING Bank has appointed Arthur Zou as branch manager of ING Bank Shanghai effective November 1 2017, and subject to regulatory approval. He will concurrently be appointed head of multinational clients China. Zou will report directly to Aart-Jan den Hartog ... ( read original story ...)
Anti-terrorism and fire drill held at Shanghai World Financial Center
A fire and anti-terrorism drill is held in Shanghai’s second tallest building in Pudong’s Lujiazui area on November 2, 2017 to train workers’ responses in an emergency. The drill at the Shanghai World Financial Center simulated an attempt of two ... ( read original story ...)
The Oil Company That Lost $800 Billion In Shareholder Value
Ten years later, almost to the date, PetroChina’s Shanghai-listed shares have dropped by a staggering 82 percent since the IPO, wiping out shareholder value of $800 billion, Bloomberg calculated. That’s more than the current market capitalization of ... ( read original story ...)