Guoquan Supply Chain (Shanghai) Co., a hotpot and barbecue ingredient supermarket chain, is considering a Hong Kong initial public offering that could raise $300 million to $500 million, according to ... ( read original story ...)
European, US Bank Crisis Will Not Affect Bank of Communications’ Internationalization, Executive Say
The recent European and US banking crisis will not affect Bank of Communications’ internationalization strategy, according to an executive at the Chinese lender. “The impact of these events on us is ... ( read original story ...)
China’s yuan eases as bank relief boosts dollar, PMI in focus
SHANGHAI, March 30 (Reuters) - China's yuan eased on Thursday against the dollar, which was broadly firmer as concerns eased in the United States over the banking sector, while investors await March ... ( read original story ...)
China Construction Bank says needs to manage risks amid banking turmoil abroad
SHANGHAI, March 30 (Reuters) - China Construction Bank Corp (CCB) said on Thursday it needs to manage credit, liquidity and market risks, in light of the banking crisis in the EU and United States. ( read original story ...)
China’s Bank of Communications says it does not hold Credit Suisse AT1 bonds
SHANGHAI, March 30 (Reuters) - China’s Bank of Communications Co Ltd (BoCom) said on Thursday it does not hold Credit Suisse Additional Tier 1 (AT1) bonds. The comments were made by Tu Hong, a ... ( read original story ...)
World stocks rise as bank fears ease; China economy improves
Shares are higher in Europe and Asia following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks recede. ( read original story ...)
Stocks rally on Wall Street as bank fears ease further
Wall Street pointed higher early Wednesday as anxiety about the global financial system began to wane somewhat following three high-profile bank failures. Futures for the benchmark S&P 500 index were ... ( read original story ...)