PwC sees rising IPOs in Shanghai and Shenzhen

PwC said that the value of IPOs in 2016 fell by 5.2 percent to 150.4 billion yuan ($21.6 billion). [Photo/IC] The number of initial public offerings on the Shanghai and Shenzhen stock markets is expected to increase rapidly in the current year-and their ... ( read original story ...)

Shanghai attracts $18.5 billion in overseas investment in 2016

According to official figures released by the Shanghai Municipal Commission of Commerce on Sunday, overseas investments in the city's service sector exceeded $16.3 billion, a year-on-year increase of 2.5 percent. Of theses, the rental and business service ... ( read original story ...)

How Hong Kong topped the world in IPO funds raised in 2016

Hong Kong led the world in terms of amount of funds raised by initial public offerings (IPOs) in 2016 despite a substantial decline from 2015, leaving Shanghai and New York a distant second and third respectively, according to PwC. Total funds raised by ... ( read original story ...)

ANZ sells Shanghai Rural stake for $1.3 billion

SYDNEY (Reuters) - Australia and New Zealand Banking Group Ltd said on Tuesday it will sell its 20 percent stake in Shanghai Rural Commercial Bank Co Ltd for A$1.8 billion ($1.3 billion), as part of its broader sell-down of Asian assets. "The sale reflects ... ( read original story ...)

ANZ has sold its stake in a Shanghai bank for $1.8 billion

The ANZ Bank has sold its 20% stake in Shanghai Rural Commercial Bank for $1.838 billion, about three times what it paid for it. The sale is another key move in its exit from retail banking and greater emphasis on institutional customers in Asia. ( read original story ...)