SMIC, which trades on the Hang Seng index of Hong Kong, said if the overallotment option is exercised in the offering, it could generate as much as $7.5 billion, which would make it Mainland China’s ... ( read original story ...)
BRICS New Development Bank issues 2 bln yuan bond in China
SHANGHAI, July 7 (Xinhua) -- BRICS New Development Bank (NDB) announced Tuesday that it has successfully issued a 2 billion yuan (285 million U.S. dollars) bond in the China Interbank Bond Market, ... ( read original story ...)
World Artificial Intelligence Conference to kick off in Shanghai
The WAIC will fully showcase the globalizing trend of AI technology applied in various kinds of scenarios, Shanghai Securities News reported. The conference covers a wide range of exhibitors from home ... ( read original story ...)
BRIEF-Jiangsu Aidea Pharmaceutical’s Shanghai IPO 3,740.09 Times Oversubscribed
SAYS ITS SHANGHAI IPO 3,740.09 TIMES OVERSUBSCRIBED Source text in Chinese: bit.ly/2NZAhY3 (Reporting by Hong Kong newsroom) Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)
China’s Shenzhen rises nearly 2% as mainland stocks build on Monday momentum
Stocks in mainland China continued to lead gains among the region's major markets for a second day after Monday's blockbuster gains, with the Shenzhen component jumping 1.717% on Tuesday. ( read original story ...)
High-ranking bank official stands trial for taking bribes
Gu Guoming, the former Party secretary and president of the State-owned Industrial and Commercial Bank of China's Shanghai branch, stood trial on Tuesday for allegedly taking bribes amounting to 136 ... ( read original story ...)
Chinese stock market hits fresh five-year high as rally continues – business live
The outstanding margin debt — incurred when investors borrow to buy stock — on China’s exchanges has risen to Rmb1.16tn ($164bn), the highest level since January 2016. Surgi ... ( read original story ...)