It also announced today it had completed the sale of its 20 per cent stake in Shanghai Rural Commercial Bank ... s unquestionably strong capital requirements,” said ANZ chief financial officer Michelle Jablko. ANZ said the on-market share buyback ... ( read original story ...)
Suning Financial Services Secures ¥5.34 Billion to Further Advance Fintech Products
Suning Financial Services Shanghai Co. announced on Tuesday it has issued new shares to raise ¥5.34 billion ($813 million) as it looks to invest further into its fintech products. The company reported around14 investors took part in the investment round ... ( read original story ...)
Debts lurking in China’s shadow banking system
SHANGHAI/BEIJING/HONG KONG: In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had a special deal to ... ( read original story ...)
China’s leaders fret over debts lurking in shadow banking system
In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had a special deal to offer them. "He said there is a ... ( read original story ...)
Special Report – China’s leaders fret over debts lurking in shadow banking system
SHANGHAI/BEIJING/HONG KONG (Reuters) - In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had ... ( read original story ...)
Shanghai and Shenzhen stock exchanges continue to chip away at Hong Kong’s IPO attractiveness
Hong Kong stock exchange will face mounting competition from Shanghai and Shenzhen bourses, as speedier listing approval process and strong demand from investors expected next year will help them to extend their top rankings. In its annual IPO review and ... ( read original story ...)
China bourses behind Asia’s lead in global IPO boom
Of the country's total funds raised, 56% was from Shanghai, making it Asia's top IPO destination. The boom is largely due to an acceleration in listing approvals. "The volume of new issue was at a historic high," said Edward Au, co-leader of the national ... ( read original story ...)