Millions of individual investors in China withdrew more than $3 billion from five mutual funds that previously touted access to Ant Group’s blockbuster IPO, drastically shrinking the funds just two ... ( read original story ...)
Exclusive: Rabobank to close London, Shanghai and Sydney trade finance operations
Rabobank plans to streamline its trade and commodity finance offering by terminating operations in London, Shanghai and Sydney, GTR can reveal. In a letter to clients sent on January 11, the ... ( read original story ...)
Chinese Financial, Real Estate Shares Lead in Mixed Morning Session
China's mainland stock markets ended the morning session mixed with the financial and property sectors' gains in Shanghai and technology shares' decline in Shenzhen. The Shanghai Composite Index ... ( read original story ...)
MOVE-Banker Wang Jiang picked to helm China Construction Bank, sources say
China has picked Wang Jiang to lead China Construction Bank (CCB), the second largest state lender by assets, two sources with direct knowledge of the matter told Reuters on Tuesday. Wang, who is now ... ( read original story ...)
China Inc. tests Biden stance on listings with $1.2bn IPO
HONG KONG -- E-cigarette maker RLX Technology plans to raise as much as $1.2 billion in an U.S. initial public offering this week as Joe Biden takes office following a string of moves by Washington to ... ( read original story ...)
Former Ant execs’ startup draws new investors and bank partners
Shanghai-based XTransfer works globally with Standard Chartered Bank, Citibank, DBS and Barclays while also relying on local partners in the U.S. and U.K. While big companies typically work ... ( read original story ...)
Top JPMorgan banker sees steady supply of Chinese health care IPOs, even as investors flag valuation concerns
China’s health care industry, the world’s second largest, will see a sustained increase in stock offerings after registering record-high transactions and valuations in 2020, a senior JPMorgan Chase ... ( read original story ...)