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Tag: stock market

Posted on 17/08/2018

China Biotech I-Mab Is Said to Target Up to $500 Million in IPO

The Shanghai-based company plans to submit an application to the Hong Kong stock exchange next week, the people said, asking not to be identified because the information is confidential. I-Mab aims to ... ( read original story ...)

Posted on 17/08/2018

China wants foreigners to help boost flagging stock market and push its opening agenda

At the same time, authorities are keen to boost a stock market that has struggled in the face of a slowing economy and a falling yuan currency, as well as the pressures from the US trade tariff onslau... ( read original story ...)

Posted on 16/08/2018

Exclusive: China central bank bars some offshore lending in latest move to support yuan

The restrictions, announced by the Shanghai branch of the People’s Bank of China (PBOC) on Thursday morning, have closed off channels used to deposit and lend yuan offshore through the trade zones as ... ( read original story ...)

Posted on 16/08/2018

China’s economy more secure with abating financial risks

Nanjing Iron and Steel Co exemplifies China's efforts to rein in its financial risks. After winning another order to supply around 1,900 tons of steel to the Persian Gulf country, the Shanghai-listed ... ( read original story ...)

Posted on 16/08/2018

Exclusive: China central bank bans some offshore yuan deposits and lending via FTZ scheme – sources

SHANGHAI (Reuters) - China’s central bank has restricted commercial banks from using some interbank accounts to deposit or lend yuan offshore through free trade zone schemes, two sources with direct k... ( read original story ...)

Posted on 16/08/2018

Skadden, Latham Steer Tencent-Backed Electric Car Maker’s $1.8 Billion IPO

Shanghai-based NIO is backed by Chinese internet giant Tencent Holdings Ltd. and Chinese private equity firm Hillhouse Capital Group. The four-year-old company plans to use $650 million in the proceed... ( read original story ...)

Posted on 16/08/2018

5 things to know about the IPO of Nio, AKA the ‘Chinese Tesla’

Nio Inc., a Shanghai-based electric-car maker ... If Nio succeeds in raising that sum, it would mark the fourth largest U.S. IPO this year, behind Axa Equitable Holdings’ EQH, -0.78% $3.16 billion, Pa... ( read original story ...)

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