China’s central bank says will skip open market operations

SHANGHAI (Reuters) - China’s central bank said it will skip open market operations on Wednesday as liquidity levels in the banking system were “relatively high”. On a net basis, the People’s Bank of China (PBOC) will neither inject nor drain any ... ( read original story ...)

Week In Review: WuXi AppTec Plans $910 Million Shanghai IPO

WuXi AppTec announced a $910 million IPO on the Shanghai exchange for the company's core small-molecule CRO business. China regulators approved WuXi's prospectus in a short seven weeks, indicating that they are very eager to list the company, China's ... ( read original story ...)