China’s IPO bonanza loses lustre as returns dwindle

“Decreasing returns from IPO shares will become a norm in the future, with increased supply and regulatory scrutiny,” said Wu Kan, a fund manager at Shanshan Finance in Shanghai. “Exceptionally generous returns were previously built on not-too-fast suppl ( read original story ...)

Richemont sells Shanghai Tang as part of portfolio shake-up

It gave no details of Shanghai Tang’s financial performance, but the losses it has wracked up are expected to be disclosed with Richemont’s half-year results, published in November. Mr Bastagli is chairman of A. Moda, a privately held clothes ... ( read original story ...)

China to again have one of the world’s fastest bullet trains

BEIJING — After cutting back the speed of the Beijing to Shanghai bullet train following a deadly crash, China is set to again make it one of the world’s fastest. New generation trains will service the route starting next month, making the 1,250 ... ( read original story ...)

China approves seven IPO applications

Four of them will be listed on the Shanghai Stock Exchange, two on the Shenzhen small and medium enterprise board, and one on the ChiNext, China's NASDAQ-style board. The firms and their underwriters will confirm IPO dates and publish prospectuses ... ( read original story ...)