Category: FINANCE

China Rapid Finance, a Shanghai-based peer-to-peer lender ... The company, which raised $20 million at a pre-money valuation of $1 billion in November, could hold the IPO as soon as this year, the people said, asking not to be identified because the ... ( read original story ...)

SHANGHAI: Strolling a tree-lined Shanghai street with friends ... Meitu, which means “pretty picture”, launched a Hong Kong IPO in December that valued the company at $4.6 billion at the time, despite consistently posting losses. ( read original story ...)

Saudi officials also talked to exchanges in Singapore, Hong Kong, Tokyo and Shanghai but are unlikely to pursue listing ... Saudi officials expect the IPO to value Aramco at a minimum of $2 trillion. Saudi Arabian Oil Co, known as Saudi Aramco, was not ... ( read original story ...)

Hang Seng in Hong Kong drop by 41%. Hong Kong (AsiaNews) - The 2016 HSBC (Hong Kong and Shanghai Bank) profits have plummeted by 62% in one year according to President Douglas Flint. Announcing the drop today he insisted it was "quite satisfactory" given ... ( read original story ...)

SHANGHAI Feb 21 The Shanghai branch of China's banking regulator has launched an inspection of the inter-bank lending business of small- and medium-sized financial institutions in the city, two sources with direct knowledge of the matter said. The aim of ... ( read original story ...)

SHANGHAI (Reuters) - China's Ant Financial will invest $200 million in Kakao Pay, the mobile payment subsidiary of South Korean messaging platform giant Kakao Corp, extending a major push by the Chinese firm to create a global network of financial assets. ( read original story ...)

SHANGHAI Feb 21 China's banking regulator is allowing banks in the southern Chinese province of Guangdong to count negotiable certificates of deposit with a tenor of more than 90 days as part of their minimum regulatory capital requirement, three sources ... ( read original story ...)