Tag: banking

* Says it plans to issue up to 24.97 million shares at 14.57 yuan ($2.11) per share to raise 363.81 million yuan for its Shanghai IPO Source text in Chinese: bit.ly/2nJzhrx ($1 = 6.9029 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) ( read original story ...)

* Says it plans to issue 56.80 million shares at 13.72 yuan ($1.99) per share to raise 779.30 million yuan for its Shanghai IPO Source text in Chinese: bit.ly/2nZGzJs ($1 = 6.8950 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) ( read original story ...)

Stocks on the Shanghai Stock Exchange came back from an extended weekend break with a bang, posting a gain of 47.79 points to close at 3,270.31, for a gain of 1.48 percent. Volume was substantial by recent standards, at 248.32 million shares. Stocks were ... ( read original story ...)

Although the average IPO on the Shanghai bourse was modest, at $84 million, the large amount of deals made it the No. 1 IPO hub in Asia, raising $4.72 billion in all. Worldwide, it ranked second behind New York, which bounced back with several blockbusters ... ( read original story ...)

It was the first commercial lender to open a full private banking branch in Shanghai’s Free Trade Zone. And it has expanded its repertoire, catering to family offices and offering expert advice, ranging from financial and legal issues, to tax and ... ( read original story ...)

Dividends are emerging as a key lure for investors in the world’s second-largest share market, with stocks of companies that consistently hand out the most cash outperforming the Shanghai Composite Index by the most since 2013. The catch? These plays are ... ( read original story ...)

Listing may happen next year, sources say, though there's no final decision yet SHANGHAI • China Petroleum & Chemical is considering a dual listing for its retail business, which could take place next year, according to people with knowledge of the matter. ( read original story ...)