China’s IPO bonanza loses lustre as returns dwindle

“Decreasing returns from IPO shares will become a norm in the future, with increased supply and regulatory scrutiny,” said Wu Kan, a fund manager at Shanshan Finance in Shanghai. “Exceptionally generous returns were previously built on not-too-fast suppl ( read original story ...)

Richemont sells Shanghai Tang as part of portfolio shake-up

It gave no details of Shanghai Tang’s financial performance, but the losses it has wracked up are expected to be disclosed with Richemont’s half-year results, published in November. Mr Bastagli is chairman of A. Moda, a privately held clothes ... ( read original story ...)