ZhengBang Logistics in relation to the formation of a joint venture company. The JV will be principally engaged in securities brokerage, underwriting and sponsor services, proprietary trading, asset management, advisory on securities, direct investment and ... ( read original story ...)
Asia-Pacific IPO market to rebound from weak 2016 on China financial deals
Apart from IPOs, some already-listed financial services companies are ... and China Galaxy Securities (6881.HK), which aims to raise about $1.7 billion in a share sale in Shanghai. Elsewhere in the region, South Korea is expected to have a strong year ... ( read original story ...)
Chinese IPOs Post Record 392% Gains as Rest of Market Languishes
Helped by regulatory guidance that suppresses IPO valuations, newcomers soared even as the benchmark Shanghai Composite Index fell 12 percent, set for one of the world’s biggest declines. A total of 226 companies went public in China this year ... ( read original story ...)
Shanghai banks told to lend more to riskier small firms – sources
SHANGHAI Dec 28 Shanghai's banking regulator has told domestic commercial banks in the commercial hub to keep up lending to small firms and increase their tolerance for bad loans, two sources told Reuters on Wednesday. The Shanghai branch of the China ... ( read original story ...)
BRIEF-Shanghai Rongtai Health Technology sets pricing for Shanghai IPO
* Says it plans to issue up to 17.5 million shares at 44.66 yuan per share to raise up to 781.6 million yuan ($112.49 million) for its Shanghai IPO Source text in Chinese: bit.ly/2ibwUz0 ($1 = 6.9480 Chinese yuan renminbi) (Reporting by Beijing newsroom ... ( read original story ...)
Bank Backed By China Construction Equipment Billionaire Opens Doors
Hunan Sanxiang Bank, backed by China construction equipment billionaire Liang Wengen, opened its doors today in Changsha. Liang’s main holding company Sany Group and a subsidiary of Shanghai-listed Sany Heavy Industry will own a combined 30% stake in the ... ( read original story ...)
China approves 8 new IPO applications
The China Securities Regulatory Commission (CSRC) approved eight IPO applications this week, four on the Shanghai Stock Exchange, one on the small and medium enterprise board of the Shenzhen bourse, and three on the Nasdaq-style ChiNext board. They are ... ( read original story ...)