PwC said that the value of IPOs in 2016 fell by 5.2 percent to 150.4 billion yuan ($21.6 billion). [Photo/IC] The number of initial public offerings on the Shanghai and Shenzhen stock markets is expected to increase rapidly in the current year－and their ... ( read original story ...)
Oscar settling into life in China as Brazil midfielder poses with Shanghai SIPG team-mates after completing £52million move from Chelsea
The Brazilian midfielder, who cost Shanghai SIPG £52million and will earn £400,000 a week in Asia, arrived in the Far East on Monday and is already posting pictures of himself and his new team-mates to social media. In an Instagram snap, the 25-year-old ... ( read original story ...)
Shanghai attracts $18.5 billion in overseas investment in 2016
According to official figures released by the Shanghai Municipal Commission of Commerce on Sunday, overseas investments in the city's service sector exceeded $16.3 billion, a year-on-year increase of 2.5 percent. Of theses, the rental and business service ... ( read original story ...)
How Hong Kong topped the world in IPO funds raised in 2016
Hong Kong led the world in terms of amount of funds raised by initial public offerings (IPOs) in 2016 despite a substantial decline from 2015, leaving Shanghai and New York a distant second and third respectively, according to PwC. Total funds raised by ... ( read original story ...)
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 ...)