Chinese traders are flocking back to the stock market as rising share prices and higher market ... increased at the fastest pace in almost five months last week. The Shanghai Composite Index's breaking through the major resistance level of 3,300 points ... ( read original story ...)
China stock market hosts 76 ‘capital families’
A recent report shows there are 76 'capital families' in the Shanghai and Shenzhen stock market, consisting of 179 firms and accounting for 4.8% of the total market cap of listed companies, the reported, citing research from an "authoritative institution." ( read original story ...)
BRIEF-Cisen Pharmaceutical to raise 116.6 mln yuan for Shanghai IPO
* Says it plans to issue up to 10 million shares at 11.66 yuan ($1.78) a share for Shanghai IPO Source text in Chinese: bit.ly/2w30dak ($1 = 6.5500 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)
Chinese brokerage shares climb after regulators ease rules on some derivatives trading
Industrial Securities led the rises with a 3 per cent gain in Shanghai. Chinese regulators are seeking to normalise the nation’s financial derivatives market, as the stock market has been stabilising since the sharp falls in the summer of 2015 that saw ... ( read original story ...)
Buyer switched on ANZ’s $875 million stake in Chinese bank
One of the planned buyers of ANZ Bank's 20 per cent stake in Shanghai Rural Commercial Bank has been replaced by Chinese steel business Baoshan Iron & Steel, nine months after an initial deal was announced. In January this year, ANZ Bank revealed ... ( read original story ...)
Week In Review: Shanghai United Imaging Raises $500 Million In Series A; Zai Lab Will IPO Next Week
Shanghai United Imaging Healthcare, a major China medical imaging device maker, closed a $500 million A financing from large China investors. It is the largest medical device funding in China to date, and values Shanghai United Imaging at $5 billion. ( read original story ...)
Shanghai forum highlights city’s goals for growth
Shanghai will proactively serve the needs of and participate in the Belt and Road Initiative. It also will cooperate with cities and markets involved in the initiative in the fields of economics and trade, financial services, infrastructure construction ... ( read original story ...)