Withdrawals on the Shanghai Gold Exchange are often considered a good proxy for the level of physical gold demand in China. The Peoples Bank of China has slowed its gold purchases recently. In November and December the PBOC added no gold to its reserves. ( read original story ...)
Secret Guangzhou bank used to transfer assets abroad busted
SHANGHAI • The Chinese police have broken up a secret banking operation used to transfer assets abroad, the official China Daily reported yesterday. The underground bank, hidden in a food market in the southern city of Guangzhou, is suspected of being ... ( read original story ...)
Trillanes: Singapore bank denied account
Trillanes went to Singapore to visit two banks and to inquire whether there were accounts under his name in the DBS Bank Alexandra branch and the Hongkong Shanghai Bank Raffles branch. On Tuesday night, Mr. Duterte said Trillanes used the “wrong” bank ... ( read original story ...)
Energy/commodities derivatives house of the year: Standard Chartered Bank
Its status as a leading international participant on the Shanghai Gold Exchange has been a particular highlight. The bank was further aided by its gold importer status in China and its international risk management capabilities, enabling it to provide ... ( read original story ...)
Quick Take: Mainland’s IPOs Soar
Funds raised through initial public offerings (IPOs) on China’s A-share market in the first three quarters more than doubled year-on-year, and will reach 230 billion yuan ($34.7 billion) by the end of 2017, according to a KPMG report. The Shanghai and ... ( read original story ...)
Caitong Securities premarkets Shanghai IPO
This content is available to IFRAsia.com subscribers. Please login if you have a subscription. Alternatively, you can request a trial, or contact your IFRAsia account manager for more information. If you have a subscription to IFRAsia, please enter your ... ( read original story ...)
China approves another batch of 9 IPOs
Of these nine companies, five will be listed on the Shanghai Stock Exchange, three on the Shenzhen small and medium-size enterprise board, and one on the ChiNext, a NASDAQ-style board. Soon, the firms and their underwriters will confirm IPO dates and ... ( read original story ...)