At the top end of the potential offering size, the IPO would become the biggest Chinese listing in the United States since the $25 billion public float of e-commerce giant Alibaba Group Holding Ltd in 2014. Shanghai-based NIO has tapped banks including ... ( read original story ...)
Shanghai shares see worst month since early 2016
The price-to-earnings ratio of the Shanghai index was 15.05 as of the last full trading day while the dividend yield was 1.9 per cent. So far this week, the market capitalisation of the Shanghai stock index has risen by 1.17 per cent to 29.50 trillion yuan. ( read original story ...)
China startup Nio hires eight banks for up to $2 billion U.S. IPO: sources
Nio declined to comment on its IPO plans. UBS, Citigroup and Goldman declined comment while the other banks did not immediately respond to Reuters emailed request for comment. Shanghai-based Nio, formerly known as NextEV, is among the first of a raft of ... ( read original story ...)
China Stock Market In Line For Further Damage
The China stock market on Tuesday halted the six-day winning streak in which it had soared more than 200 points or 6.5 percent. The Shanghai Composite Index now rests just above the 3,290-point plateau and it's called lower again on Wednesday. The global ... ( read original story ...)
Shanghai Awards Site for $8B Pudong Commercial Complex to SOE Duo for $2.2B
Shanghai World Financial Center and Jin Mao Tower in Lujiazui. The retail space is estimated to measure 420,000 square metres (4.5 million square feet), according to local media reports. The total floor area of 1.4 million square metres makes the price for ... ( read original story ...)
Top Chinese Stock TAL Education Tests Buy Point Amid Xi Power Grab; New Oriental Loses Support
The original deadline would expire on Feb. 28 of this year. The country announced plans in 2015 to shift to a U.S.-style registration system for stock-market flotations on the Shanghai and Shenzhen exchanges, but the National People's Congress has yet to ... ( read original story ...)
Asian stock markets gain after Wall Street rally
KEEPING SCORE: The Shanghai Composite Index rose 0.7 per cent to ... WALL STREET: Wall Street capped several days of choppy trading with a rally that gave the stock market a modest gain for the week. Technology companies, banks and health care stocks ... ( read original story ...)