The China stock market headed south again on Tuesday, one day after ending the three-day losing streak in which it had dropped more than 45 points or 1.3 percent. The Shanghai Composite Index now ... ( read original story ...)
China c.bank lifts yuan midpoint to near 4-year high
China's central bank lifted its official yuan midpoint to a near four-year high against the dollar on Wednesday, pushing its value against major trading partners to the strongest since August 2015. ( read original story ...)
Tencent-backed Chinese car maintenance startup Tuhu files for HK IPO
Tuhu plans to use the money raised from the IPO to help automate its distribution centers through the use of robots. ( read original story ...)
Wells Fargo Said to Eye Sale of $1 Billion Hong Kong Bank Stake
It’s also unloaded a commercial real estate firm and a retirement plan services unit in recent years. Shanghai Commercial Bank is part of a small remaining group of closely held local lenders in Hong ... ( read original story ...)
STAR Market Daily: STAR 50 falls 2.35%, RMB 42 bln traded
Shanghai Stock Exchange STAR 50 closed at 1,277. on Tuesday. The STAR Market recorded a total trading volume of 0.8 bln shares with a turnover value of RMB 42 bln, up 1% from yesterday. ( read original story ...)
Banks Push Back Against China’s Plan to Curb Foreign IPOs
Global banks are raising concerns to Chinese authorities about a plan to tighten rules on overseas stock listings, saying the draft rules are ambiguous and will expand Beijing’s regulatory reach ... ( read original story ...)
JD Technology, fintech unit of China’s JD.com, engages banks for Hong Kong IPO that could raise up to US$2 billion, source says
The company is working with banks to list shares in Hong Kong this year, with a deal size of between US$1-2 billion, source says The fourth listing by a JD group company in Hong Kong will see its ... ( read original story ...)