* Says it plans to buy ReLIA Diagnostics for 1.2 billion yuan ($173.84 million) via cash, share issue * Says it aims to raise up to 275 million yuan via share private placement to fund the acquisition Source text in Chinese: bit.ly/2qRCZlo Further company ... ( read original story ...)
Op-Ed: Shanghai Stock Exchange trading has its own timing logic
Stock you buy today cannot be sold until tomorrow ... These are structural factors that impact the Shanghai market. In this environment the key focus is on the strength of support levels in the Shanghai Index. Traders watch for consolidation support ... ( read original story ...)
China’s crackdown on shadow banking could seriously upset global markets
accentuating the risks posed by Beijing’s efforts to tighten liquidity and rein in shadow bank credit The Shanghai Composite Index, which on April 11 reached its highest level since January 2016 – the month during which global stock markets suffered a ... ( read original story ...)
BRIEF-Shanghai Baolong Automotive sets IPO pricing
* 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 ...)
Reporters barred from Kushner-linked visa-for-investment event in China
Organisers barred journalists on Sunday from a publicly advertised event in Shanghai that offered Chinese investors the chance to get U.S. immigrant visas if they put money in a real estate project linked to the family of President Donald Trump’s son-in-law. ( read original story ...)
Shanghai leader says city can't advance without reform and innovation
He gave no target for the coming half decade. Like the rest of the country, Shanghai, a city of more than 24 million people, has been trying to shift away from investment-led growth to a more sustainable model in the face of a slowing economy. Han told ... ( read original story ...)
Opinion: Why IPO Connect will be needed for Hong Kong to win the biggest listing deal in history
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 ...)