ANZ sells Shanghai Rural stake for $1.3 billion

SYDNEY (Reuters) - Australia and New Zealand Banking Group Ltd said on Tuesday it will sell its 20 percent stake in Shanghai Rural Commercial Bank Co Ltd for A$1.8 billion ($1.3 billion), as part of its broader sell-down of Asian assets. "The sale reflects ... ( read original story ...)

ANZ has sold its stake in a Shanghai bank for $1.8 billion

The ANZ Bank has sold its 20% stake in Shanghai Rural Commercial Bank for $1.838 billion, about three times what it paid for it. The sale is another key move in its exit from retail banking and greater emphasis on institutional customers in Asia. ( read original story ...)

Oscar arrives in China to Shanghai SIPG fans cheers

Financial details of Oscar's transfer to Shanghai SIPG from English Premier League club Chelsea have not been released, but media reports have suggested Shanghai paid 60 million euros ($62.6 million) to lure the 25-year-old to the Chinese super league club. ( read original story ...)

Clampdown on insurers stock buying weighs on market outlook

Retail investors in China consider the outlook for liquidity as a key factor in investment decisions, as most market turnover is driven by individual investors rather than institutions. On the Shanghai Stock Exchange, average daily trade in December was ... ( read original story ...)

BRIEF-Huali Industries sets pricing for Shanghai IPO

* Says it plans to issue up to 16.7 million shares at 23.26 yuan a share to raise 388.4 million yuan ($55.86 million) in its Shanghai IPO Source text in Chinese: ($1 = 6.9535 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) Next In ... ( read original story ...)

Three days in Shanghai

Resident Alywin Chew devised a three-day itinerary to take in the best it has to offer Shanghai is the engine of China's financial and innovation development. The mega city offers a captivating blend of modernity and old-world charm like no other place in ... ( read original story ...)