Over in Asia, the stock market had another mixed session. The Shanghai index dropped 0.21%. The HSI stock index also moved lower by 0.65%, while the Korean Kospi soared 0.57%. The Nikkei index ... ( read original story ...)
Chinese wealth management giant Lufax files for U.S. IPO
Lufax, which is backed by financial giant Ping An Group, plans to list on the New York Stock Exchange under the ticker "LU." ... ( read original story ...)
China Is Launching the Largest IPO in History. Here’s Why It’s a Problem | Opinion
Ant Group is most notably a provider of financial technology that is known for its Alipay platform and is partially owned by Alibaba, the " Amazon of China ." The IPO is expected to launch in October ... ( read original story ...)
HK stocks rise ahead of Ant Group IPO, defy U.S. stimulus gloom
Hong Kong shares edged higher on Wednesday, shrugging off a weaker finish in Wall Street after U.S. President Donald Trump halted stimulus negotiations with lawmakers, with investors focusing on the ... ( read original story ...)
Citi Appointed as Depositary Bank for China Yangtze Power’s GDR Program
Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by China Yangtze Power Co., Ltd. ("CYPC") – one of the largest listed hydropower companies in the world, established ... ( read original story ...)
Singapore’s GIC Plans to Invest More Than $1 Billion in Ant IPO
Singapore’s sovereign wealth fund GIC Pte plans to invest more than $1 billion in Ant Group’s mega initial public offering as early investors look for a bigger slice of the Chinese payments behemoth, ... ( read original story ...)
New Store In Shanghai, Billboard Ads, A Debut On The Seine – AMI Paris Celebrates Nine Years
On a steady path of growth, success has been almost ten years in the making for the French contemporary brand. ( read original story ...)