which could be explained by property developers’ enthusiasm in land bids despite the property purchase curbs,” said Yan Yuejin, an analyst with Shanghai-based E-house China R&D Institute. Yan suggested the land bids could be due to a surge in local ... ( read original story ...)
Shanghai stocks ease after c.bank raises market rates; HK up
SHANGHAI, Dec 18 (Reuters) - China's main Shanghai stock market slipped slightly on Monday morning, amid concerns over tight year-end liquidity after the central bank lifted interbank market rates. ** The People's Bank of China raised interest rates on ... ( read original story ...)
Shanghai and London stock exchanges take a step closer to setting up trading link
Shanghai Stock Exchange spreads its net further through joint trading ... since Chinese regulators would have to revisit the framework due to potential changes in legal matters and market sentiment. China is also looking to connect its domestic exchanges ... ( read original story ...)
ANZ completes Shanghai bank sale, announces share buyback
ANZ Bank completed the sale of its stake in Shanghai Rural Commercial Bank Monday and announced plans for a Aus$1.5 billion (US$1.15 billion) share buyback with the funds. The lender agreed to offload its 20 percent holding in the company earlier this year ... ( read original story ...)
ANZ in $1.5b share buyback, sells 20pc stake in Shanghai Rural Commercial Bank
ANZ Banking Group will launch a $1.5 billion share buyback after selling its life insurance unit, its wealth business and a 20 per cent stake in Shanghai Rural Commercial Bank. The sale of the bank stake, first announced in January, was completed on Monday. ( read original story ...)
Australia and New Zealand Banking : ANZ completes sale of 20% stake in Shanghai Rural Commercial Bank
ANZ today announced it has completed the sale of its 20% stake in Shanghai Rural Commercial Bank (SRCB), originally announced in January 2017. As part of the Group's broader capital management plan, ANZ now intends to buy-back up to $1.5 billion of shares ... ( read original story ...)
Shanghai Industrial : Ind unit to buy stake in SSCAM & Shaoxing property
owned subsidiary agreed to acquire 80% equity interest in Shanghai Shangtou Commercial Asset Management Co., Ltd. (SSCAM) at Rmb13.72 million. SSCAM is established in the PRC, whose principal business is investment and financing cooperation, commercial ... ( read original story ...)