AkesoBio staged a $335 million Hong Kong IPO and climbed 50% higher in its first trading session. CStone Pharma announced that China's NMPA has accepted its NDA ... ( read original story ...)
Losses on Bank of China crude oil investment product could hit $1.3 billion: report
Total losses from a structured crude oil product marketed to retail investors by the Bank of China could be more than 9 billion yuan ($1.27 billion), the Caixin financial news outlet reported on ... ( read original story ...)
China stocks ease, but losses curbed by another central bank rate cut
China stocks eased on Friday and were set for weekly declines amid lingering coronavirus worries, but losses were limited as Beijing pledged more support to shore up the world's second- largest ... ( read original story ...)
China central bank cuts interest rate on TMLF by 20 basis points
China's central bank cut the interest rate on its targeted medium-term lending facility (TMLF) on Friday, following similar reductions to borrowing costs on other liquidity tools in the past few weeks ... ( read original story ...)
China Central Bank Yet to Conduct Open Market Operations on Friday: Traders
Traders told Reuters that the central bank will roll over the TMLF on Friday. Markets widely expect the People's Bank of China (PBOC) to lower the interest rate on the TMLF loans. A PBOC statement is ... ( read original story ...)
Ping An Consumer Finance Launches, Expanding Footprint in Financial Services Sector
HONG KONG and SHANGHAI, April 23, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter 'Ping An' or the 'Group', ... ( read original story ...)
China’s PBOC Shanghai branch pledges to ban illicit funding of property purchases
The Shanghai branch of China's central bank on Thursday said it will strictly ban illicit funding of real estate purchases via property-backed consumer or business loans, while continuing to step up ... ( read original story ...)