Secret Guangzhou bank used to transfer assets abroad busted

SHANGHAI • The Chinese police have broken up a secret banking operation used to transfer assets abroad, the official China Daily reported yesterday. The underground bank, hidden in a food market in the southern city of Guangzhou, is suspected of being ... ( read original story ...)

Trillanes: Singapore bank denied account

Trillanes went to Singapore to visit two banks and to inquire whether there were accounts under his name in the DBS Bank Alexandra branch and the Hongkong Shanghai Bank Raffles branch. On Tuesday night, Mr. Duterte said Trillanes used the “wrong” bank ... ( read original story ...)

Quick Take: Mainland’s IPOs Soar

Funds raised through initial public offerings (IPOs) on China’s A-share market in the first three quarters more than doubled year-on-year, and will reach 230 billion yuan ($34.7 billion) by the end of 2017, according to a KPMG report. The Shanghai and ... ( read original story ...)

Caitong Securities premarkets Shanghai IPO

This content is available to IFRAsia.com subscribers. Please login if you have a subscription. Alternatively, you can request a trial, or contact your IFRAsia account manager for more information. If you have a subscription to IFRAsia, please enter your ... ( read original story ...)

China approves another batch of 9 IPOs

Of these nine companies, five will be listed on the Shanghai Stock Exchange, three on the Shenzhen small and medium-size enterprise board, and one on the ChiNext, a NASDAQ-style board. Soon, the firms and their underwriters will confirm IPO dates and ... ( read original story ...)

Hong Kong could lose ranking as world’s top IPO market

The value of initial public offerings in Hong Kong fell 77% in the third quarter, putting the city on track to lose its position as the world's top IPO market. Hong Kong is trailing New York and Shanghai in IPO proceeds this year. ( read original story ...)