* Says it plans to issue 25 million shares at 12.58 yuan ($1.94) a share for Shanghai IPO Source text in Chinese: bit.ly/2vOmgBQ ($1 = 6.4773 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)
Trust issues? China targets a $3 trillion shadow banking industry
SHANGHAI (Reuters) - As a flood of unregulated cash swirls through the Chinese economy, Beijing has been taking aim at the trust companies whose unrestrained lending practices are worrying regulators. The trusts, at the heart of a vast shadow banking ... ( read original story ...)
China stocks fall as banking, resources firms take a breather
SHANGHAI, Sept 7 (Reuters) - China stocks fell on Thursday, as profit taking in resource shares following their recent rally and weakness in the banking sector offset strong gains in real estate companies. The blue-chip CSI300 index fell 0.5 percent ... ( read original story ...)
China should relax stock index futures trading as market recovers – Xinhua publication
SHANGHAI, Sept 7 (Reuters) - China’s stock market recovery has created the condition for regulators to further relax rules on stock index futures trading and fully exit emergency measures adopted during the stock market turbulence of 2015, a publication ... ( read original story ...)
China’s fintech firms eye overseas IPOs to fund growth as regulations tighten at home
are planning IPOs outside the mainland, rather than on the A-share market. The China Securities Regulatory Commission (CSRC) originally planned to set up a board for emerging industries at the Shanghai Stock Exchange, creating a listing venue for tech ... ( read original story ...)
This Asian Stock Market Rallied After North Korea’s Nuclear Test
1. The only other equity market in the black was the Shanghai Stock Exchange Composite Index, which rose 0.4 percent Monday as a strength in commodity producers outweighed geopolitical tensions. Asian shares retreated from a four-week high as North Korea ... ( read original story ...)
Shanghai World Financial Center: China’s tallest skyscraper claims to be world’s greenest
Twisting high above Shanghai’s financial district, China’s tallest tower – and the second tallest in the world – is preparing to officially open its substantial doors to the public next month. The Shanghai Tower, reaching 632 metres, is the third ... ( read original story ...)