Guotai Junan Securities Co., for example, placed about half its IPO with cornerstone investors and the Shenzhen and Shanghai governments. WuXi Biologics has an advantage in that it makes biopharmaceuticals, drugs that use live substances and that are ... ( read original story ...)
Shanghai’s blue chip rally shows no signs of fading
The rally among Shanghai blue-chips will likely continue as earnings improve, whereas the valuations of smaller-caps will remain pressured by the ongoing financial crackdown, according to Shenwan Hongyuan. “A simultaneous rise in risk-free interest rates ... ( read original story ...)
Beijing’s financial crackdown puts Hong Kong shares way ahead of mainland peers
and Air China’s Shanghai tranche trades at a 49 per cent price premium. The performances of the two markets have diverged more since April after top policy makers introduced a raft of measures to clean up the financial sector. In a Politburo meeting ... ( read original story ...)
China’s credit expansion cooled in May amid crackdown on shadow banking, analysts say
“There has been a clear trend of diminishing shadow banking,” said Chen Ji, a senior researcher at Bank of Communications in Shanghai. “Banks’ credit expansion is very likely to slow down amid Beijing’s drive to reduce leverage among the ... ( read original story ...)
PINTEC Subsidiary Dumiao is First Digital Lending Tech Provider to Issue ABS on Shanghai Exchange
China's leading financial technology provider, announced that its wholly owned digital lending technology subsidiary Dumiao successfully issued RMB245 million worth of asset-backed securities (ABS) on the Shanghai Stock Exchange, in the first such issue by ... ( read original story ...)
Chinese securities regulator slows IPO approvals to bolster market confidence
The CSRC has frozen new IPO share issues a total of nine times in its history, with the latest one being in 2015 when a stock rout erased US$5 trillion in market value. The four most recently approved listings, two in Shanghai and two in Shenzhen ... ( read original story ...)
China stocks fall despite fewer IPOs, big caps weigh
The Shanghai SE 50 Index, dubbed "China's nifty 50 index", dropped 1 percent, in contrast with a gain of 0.9 percent in the tech-heavy start-up board ChiNext. The China Securities Regulatory Commission (CSRC) approved on Friday only four IPOs to raise up ... ( read original story ...)