China approves 2 IPO applications

while Fuda Alloy Materials will be listed on the Shanghai Stock Exchange. The firms and their underwriters will confirm IPO dates and publish prospectuses following discussions with the exchanges. Under the current IPO system, new shares are subject to ... ( read original story ...)

Financial institutions backing out of tar sands, fossil fuels

Europe’s largest financial institution, HSBC (Hong Kong and Shanghai Banking Company) has made a major announcement today. The worlds seventh largest lender said it will no longer finance projects dealing with coal in developed countries, Arctic drilling ... ( read original story ...)

China’s Ant Financial shows cashless is king

Alibaba founder Jack Ma with the actor Nicole Kidman during the lavish Singles Day celebration held in Shanghai last November © Reuters Ant Financial is now one of the backbones of consumption in China. Including its rival Tencent, the two companies make ... ( read original story ...)

Deutsche Bank names institutional client group head in China

Lee, who joined Deutsche Bank in 2003 and was most recently its global markets head in China, will take up the newly created role with immediate effect and will continue to be based in Shanghai, said the memo sent to the bank’s internal staff. ( read original story ...)