Four of them will be listed on the Shanghai stock exchange, one on the Shenzhen small and medium enterprise board, and three on the ChiNext, China's NASDAQ-style board. The firms and their underwriters will confirm IPO dates and publish prospectuses ... ( read original story ...)
Pfizer Alum’s China Startup Is Said to Select Banks for IPO
The Shanghai-based biopharmaceutical company ... Wuxi Biologics Cayman Inc. has risen 53 percent from the offer price in its June IPO, making it the best performer this year among Hong Kong new listings that raised more than $500 million, according ... ( read original story ...)
China’s banking asset management sector to double by 2021, says McKinsey
Tao Ling, deputy head of the financial stability bureau at the central bank, said in Shanghai in July that irregularities of the assets management sector could lead to cross-industry risks amid increasingly intertwined financial transactions. As of the end ... ( read original story ...)
Report: Peoples Bank of China Expected to Regulate P2P Lenders, Payment Firms
As mobile internet penetration has become commonplace, so has digital financial service providers. A manager from the Bank of Shanghai said it is commonly believed that peer to peer lending almost is equivalent to the lending from traditional banks. ( read original story ...)
Geopolitical tensions back in the spotlight as Asian shares digest China inflation data; Nikkei down 1.3%
Mainland markets were mixed: the Shanghai Composite slipped 0.21 percent while the Shenzhen ... The joint venture aims to process customer data at the Japanese bank in order to improve services, Nikkei Asian Review reported. SMFG shares were down 1.1 ... ( read original story ...)
Stocks Fall on Korea Tensions as Haven Assets Rise: Markets Wrap
“The market is realizing that economies are doing well enough for both the Fed and the ECB to remove stimulus,” Ken Peng, a Hong Kong-based investment strategist at Citi Private Bank, said ... 0.7 percent and China’s Shanghai Composite Index ... ( read original story ...)
Good samaritans help man pick up bank notes blown away in wind
A security camera video from China showing good samaritans helping a man to pick up hundreds of bank notes which blew away in a gust of wind. The clip was filmed in Shanghai on August 2. ( read original story ...)