SHANGHAI China's banking regulator asked joint-stock banks to carry out checks on liquidity risk monitoring and management and the basis of their credit risk, said three people with direct knowledge of the matter. The move comes after Premier Li Keqiang ... ( read original story ...)
China greenlights 10 IPOs
Five companies will be listed on the Shanghai stock exchange, two on the Shenzhen small and medium enterprise board and three on the ChiNext, China's NASDAQ-style board. The companies and their underwriters will confirm the IPO dates after discussing with ... ( read original story ...)
Silicon Valley Bank plants a flag in Beijing
will expand via SPD Silicon Valley Bank (SSVB) — a joint-venture between Shanghai Pudong Development Bank Co. Ltd and SVB. This is SSVB's second branch, after opening headquarters in Shanghai in 2012. The Beijing branch, which officially opened on Feb ... ( read original story ...)
BRIEF-Zhejiang Cheng Yi Pharmaceutical sets IPO pricing
* Says it plans to issue up to 21.30 million shares at 15.76 yuan ($2.29) per share to raise up to 335.69 million yuan for its Shanghai IPO Source text in Chinese: bit.ly/2mHeFRt ($1 = 6.8794 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) ( read original story ...)
Mayor talks about financial development with Lord Mayor of City of London
Ying said that Shanghai became sister city of City of London in 1996 and the two cities shared the common goal of promoting financial development and fruitful cooperation. Following the Chinese central government's strategies, Shanghai will strive to ... ( read original story ...)
SPD Silicon Valley Bank Opens Beijing Branch
SPD Silicon Valley Bank is a joint venture bank that was established by Silicon Valley Bank and its partner, Shanghai Pudong Development Bank Co., Ltd., in order to offer specialized commercial banking services specifically for innovative companies and ... ( read original story ...)
Shanghai Stock Market Gains As State Owned Industrials Rebound
The Shanghai Composite rose 5.20 points on Wednesday to close at 3,246.93, for a gain of 0.16 percent on volume of 190.68 million shares. The Index rallied strongly in morning trading, reaching the day’s high of 3,260 before shares retreated in the ... ( read original story ...)