Rather, the programs are drawing Chinese investors like Alex Nie, who says the mainland’s stock market lacks bargains. Shanghai and Shenzhen shares “are overvalued,” said Mr. Nie, 37, an employee in the advertising industry in Beijing who has been ... ( read original story ...)
RBI penalises HSBC, Kotak over violation FEMA
The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999. New Delhi: The Reserve Bank of ... ( read original story ...)
China's banking regulator eases bad loan rules to help lenders: sources
SHANGHAI China's banking regulator on Wednesday relaxed the rules for the transfer of non-performing loans, allowing lenders to sell soured debt in bundles of three from the previous 10, three sources with direct knowledge told Reuters. The move is the ... ( read original story ...)
China Rapid Finance decreases proposed IPO deal size
China Rapid Finance, which operates an online marketplace in China for small peer-to-peer loans, lowered the proposed deal size for its upcoming IPO on Thursday. The Shanghai, China-based company now plans to raise $65 million by offering 10 million shares ... ( read original story ...)
Hong Kong bourse joins regulators to fight to host world’s biggest IPO
The existing stock connects between HKEX and the two stock exchanges in Shanghai and Shenzhen only allow investors to do cross border trading in companies already listed. “It would be the perfect match to launch the IPO connect and the Saudi Aramco IPO ... ( read original story ...)
UniFi's related Chinese Internet-based Financial Information Services Provider, MaiziJinfu, Raises Series B Funding
SHANGHAI, April 26, 2017 /CNW/ -- UniFi's parent company Shanghai Wheat Asset Management Co., Ltd. ("MaiziJinfu", "Maizi" or "the Company"), a China-based Internet-based financial information service provider, today announced that it has received Series B ... ( read original story ...)
Chinese stocks are experiencing the mother of all dead cat bounces
There has been a mysterious weakening in the Shanghai Composite Index over the past two weeks ... The Chinese famously, and rather comically, tried to plug a stock market crash in the summer of 2015 by touting how China Securities Finance Corp. was coming ... ( read original story ...)