Eleven biopharma companies pulled their IPO applications last December, accounting for about 30 percent of the total in 2023, Yicai learned from open-market data. Eight firms followed suit last month, ... ( read original story ...)
The Chinese are piling into gold as stocks falter and the property market crumbles
The rush to the safe haven asset indicates uncertainty around China's financial health as stocks slump and real estate remains in the doldrums. ( read original story ...)
Japanese stocks climb for third day as Hong Kong stocks drop
Stocks in the Asia-Pacific region grew Wednesday, Jan. 31, with the Japanese market showing a third day of increases and shares in Hong Kong declining ( read original story ...)
Citi names Luke Lu as China country officer and head of banking
Lu is a Citi veteran with 25 years of banking experience, having worked in Hong Kong and mainland China. He joined Citi in 2002 in Shanghai and has held several senior leadership positions across ... ( read original story ...)
China Merges Hundreds of Rural Banks as Financial Risks Mount
China is embarking on its biggest consolidation in the banking industry by merging hundreds of rural lenders into regional behemoths amid growing signs of financial stress.Most Read from BloombergMusk ... ( read original story ...)
China property: Suzhou, Shanghai and Guangzhou ease home-buying restrictions as policy support gathers pace
Suzhou, Shanghai and Guangzhou are the latest cities to ease home ... developers and design mortgage policies to offer more help for households. The central bank also said it would inject 1 trillion ... ( read original story ...)
MOVES-Citi appoints Luke Lu as country officer and banking head for China
Lu will also be responsible for maintaining Citi's client relationships and regulatory commitments in the nation, according to a statement from the bank on Wednesday. Lu joined Citi in 2002 in ... ( read original story ...)