Category: FINANCE

* Says it plans to issue up to 29.3 million shares at 22.87 yuan per share to raise up to 670 million yuan ($97.07 million) for its Shanghai IPO Source text in Chinese: bit.ly/2pUTdw9 ($1 = 6.9021 Chinese yuan renminbi) (Reporting by Hong Kong newsroom ... ( read original story ...)

Currently the two Connect schemes between Hong Kong and Shanghai and Hong Kong and Shenzhen only allow investors to conduct cross border trading in companies already listed but not for IPOs. Saudi Aramco has appointed HSBC as one of the sponsors for its ... ( read original story ...)

and Bank of Communications — most lenders in Shanghai have lowered their discounts on the central bank’s long-term benchmark lending rate from 10% to 5%. The rate currently is 4.9% for loans with a maturity of more than five years, a banker responsible ... ( read original story ...)

Shanghai composite 3-year performance The Shanghai composite ... despite some growing pains. "I do think the Chinese stock market is cheaper than the American market," he said. "I do think that China has a bright future." ( read original story ...)

... Shanghai's housing authority has stepped up supervision over its property market, continuing to rein in a sector plagued by irregularities and rampant speculation. Property prices have soared in China's biggest cities such as financial hub Shanghai ... ( read original story ...)

Youon Bike, a Jiangsu province-based bike sharing company, has called off its planned initial public offering in Shanghai after a lawsuit was filed ... by issuing 24 million shares in an IPO two months ago. It was its second attempt at a listing, after ... ( read original story ...)

Stocks on the Shanghai Exchange fell 8.37 points, or 0.27 percent, to close at 3,135.35 on Wednesday. The Shenzhen Component Index also slipped by 0.39 percent. The day’s losses follow Tuesday’s loss of 0.35 percent, as the market digests the latest ... ( read original story ...)