Tag: stock market

The revelations come hard on the heels of another banking scandal. Regulators said last month that the Chengdu branch of Shanghai Pudong Development Bank, which had reported “zero” non-performing loans for years, had used 1,493 shell companies to hide ... ( read original story ...)

Shanghai Pudong Development Bank will open its first London branch on Tuesday, the latest in a series of Chinese banks opening offices in the city. Over the past four years, four Chinese banks have established London branches before SPD Bank opened theirs ... ( read original story ...)

As Hong Kong is looking to overhaul its traditional IPO rulings in order to create further competition with New York, Shanghai Henlius Biotech is set to benefit from these changes. Bloomberg has reported that the company is looking to go public under the ... ( read original story ...)

In the run-up to the IPO, the carrier plans to sell stakes to foreign airlines ... The listing will be either in Shanghai or Shenzhen, he said. Selling stakes to foreign airlines would help improve its management and facilitate its plans for international ... ( read original story ...)

China's securities regulator approved four new IPO applications during the past week, which will raise up to 5.1 billion yuan (more than 800 million U.S. dollars) in the A-share market. One company will be listed on the Shanghai Stock Exchange, two on the ... ( read original story ...)

SHANGHAI—Chinese stocks had their worst week since 2016, with fresh concerns about Beijing’s campaign to cut financial risk and predictions of a slowing economy helping erase half of the market’s year-to-date gains in just a few days. The Shanghai ... ( read original story ...)

Shanghai police say a minivan crash downtown is believed to be an accident and not an attack and say the driver was smoking while transporting gas tanks through the heart of the Chinese financial hub. Eighteen people were sent to hospitals for treatment ... ( read original story ...)