Hong Kong’s Hang Seng index climbed 2.4% to 18,260.91 and the Shanghai Composite index rose less ... That’s a major move for the bond market and provides a big lift for stock prices. All told, the S&P 500 fell 0.9% to 5,584.54. The Dow rose 0.1% ... ( read original story ...)
Chinese bank seen holding medium-term lending rate steady Monday
SHANGHAI/SINGAPORE- China's central bank is widely expected to leave a medium-term interest rate unchanged and drain some cash from the banking system when rolling over such maturing loans on Monday, ... ( read original story ...)
Sichuan Biokin Pharma files for US$500 million Hong Kong IPO
SICHUAN Biokin Pharmaceutical filed for a Hong Kong listing that could raise about US$500 million, people familiar with the matter said. This makes the potential initial public offering (IPO) one of ... ( read original story ...)
Explainer-Why Does China’s Central Bank Have a New Cash Management Tool?
SHANGHAI (Reuters) - China's central bank introduced a new cash management tool this week in the form of temporary bond repurchase (repo) agreements and reverse repos, adding to its various open ... ( read original story ...)
China’s financial sector is put on needed GDP diet
It's usually a red flag whenever China's bean counters "optimise" already questionable market indicators. However, the recent tweak to how the country calculates what the financial sector contributes ... ( read original story ...)
Securities refinancing halted to maintain stock market stability
With the benchmark Shanghai Composite Index dropping below ... that securities refinancing activity has put pressure on market performance. The commission also said that it has approved stock ... ( read original story ...)
MegazoneCloud confident in IPO after picking big name lead managers
MegazoneCloud has expressed confidence in its initial public offering (IPO), which could value the Korean cloud management company up to $7 billion, by selecting several big-name brokerages as lead ... ( read original story ...)