SHANGHAI Feb 3 China's central bank raised the lending rates on its standing lending facility (SLF) loans on Friday, two banking sources said. The overnight rate for the SLF loan was raised to 3.1 percent from 2.75 percent, the rate for seven-day tenor to ... ( read original story ...)
Deadline day: Chinese Super League flexes financial muscle during January transfer window
This season, Shanghai SIPG alone has spent more than $100 million signing Brazilian pair Oscar and Hulk -- and will spend many more millions on player wages. Shanghai Greenland Shenhua, meanwhile, made Carlos Tevez the highest earning footballer on the ... ( read original story ...)
Missing Chinese tycoon Xiao Jianhua’s company says ‘all normal’ at business empire
SHANGHAI (AFP) – Missing Chinese billionaire Xiao Jianhua’s company said on Thursday (Feb 2) all was “normal” in his business empire but did not address reports that he was whisked to China for investigations into 2015 stock market turmoil. ( read original story ...)
Chinese IPOs surge after regulator eases flow
China’s stock market regulator has accelerated approvals for initial public offerings in recent months but market watchers say that long-awaited deregulation of the process is still years away. IPO fundraising in Shanghai and Shenzhen has totalled ... ( read original story ...)
The ‘Carl Icahn of China’ Is Going to Jail
A Chinese billionaire often called "China's Carl Icahn" will go to prison for his role in crashing his country's stock market. Xu Xiang, a renowned hedge fund manager who ran Shanghai Zexi Investment, was sentenced to five and a half years in jail ... ( read original story ...)
IMAX China To Announce Full-Year 2016 Financial Results And Host Conference Call
SHANGHAI, Jan. 26, 2017 /PRNewswire/ -- IMAX China Holding, Inc. ("IMAX China", HKG: 1970), today announced it will host its annual conference call to discuss full-year 2016 financial results on Thursday, Feb. 24, at 8:00 a.m. Hong Kong time. Institutional ... ( read original story ...)
China’s IPO frenzy is back as speculators chase the momentum
One in every five of last year’s IPOs, or 48 of them, hit the 44 per cent price increase limit on their debut, and had their trading suspended in Shanghai and Shenzhen. The Chinese regulators have repeatedly warned investors about the risks of chasing ... ( read original story ...)