HSBC, Kotak fined for FEMA violation

MUMBAI: Reserve Bank of India has penalized Honkong and Shanghai Banking Corporation and Kotak Mahindra Bank for failing to adhere to guidelines on Foreign Exchange Management Act 1999. In a statement issued here on Wednesday, RBI said that it has imposed ... ( read original story ...)

BRIEF-Will Semiconductor Shanghai sets IPO pricing

* Says it aims to raise up to 292.0 million yuan ($42.40 million) by offering up to 41.6 million shares at 7.02 yuan per share in its Shanghai IPO Source text in ($1 = 6.8860 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) ( read original story ...)

Chinese regulator approves 10 IPO applications

Six companies will be listed on the Shanghai bourse, two on the Shenzhen small- and medium-enterprise board and two on the ChiNext, China's NASDAQ-style board. The 10 firms and their underwriters will confirm the dates for the IPOs and publish prospectuses ... ( read original story ...)