HONG KONG (Reuters) – China’s cabinet said on Wednesdaу that it will take a number of measures, including tax exemptions and targeted reserve requirement ratio cuts, tо encourage banks tо support small businesses. Financial institutions…
Monthly Archives For September 2017
Beijing Population Capped at 23 Million to Keep City ‘Harmonious and Livable’
The city of Beijing will place a ceiling the number of people who may live in the Chinese capital at 23 million in an effort to become “a world-class harmonious and livable city,” the Diplomat…
More Chinese fintech firms to eye Hong Kong IPOs, says JP Morgan
Zhong An Online Property and Casualty Insurance, China’s first online-only insurer, closed nine per cent up from its IPO price on Thursday in its Hong Kong debut. With an oversubscription of nearly 400 times from…
China to shut down North Korean companies
At a news briefing on Thursday, China’s foreign ministry spokesman Lu Kang said: “We are opposed to any war on the Korean peninsula.” “Sanctions and the promoting of talks are both the requirements of the…
China-Based RISE Education Files For $100 Million U.S. IPO
I’ll provide a final opinion when we know more details about the IPO. Beijing, China-based RISE Education Cayman was founded in 2007 to provide after-school English lessons. Management is currently headed by CEO Yiding Sun…
Beijing rules out direct aid on ChemChina’s $44bn Syngenta purchase
Beijing will not directly intervene to shore up Swiss seeds … ChemChina will also be able to tap proceeds from next week’s IPO of Italian tyre company Pirelli. The prospect of unknown liabilities from the…
ZhongAn Insurance Starts Trading on the Hong Kong Stock Exchange
We can foresee a few more to come in the near future: Chinese micro-lender Qudian has filed for its U.S. initial public offering; word has also come out that Beijing-based Quant Group will do its…
Roku’s IPO Price Just Gave the Company a $1.3 Billion Valuation
Roku has priced its IPO at the high end of the indicated price range … Tillerson to cover North Korea, Trump visit during China trip US experts said Beijing’s coal imports in August highlight its…
China’s first online insurer surges in stock market debut
Xu Xiaohua, vice-president of the insurance school at the Central University of Finance and Economics in Beijing, estimates life insurance … was 393 times the number of shares on offer in the IPO, ZhongAn told…
Chinese Education Co. Raises $144M In Above-Range IPO
Beijing-based RYB offered 7.8 million American depositary shares at $18.50 each, exceeding its original price range of $16 to $18. The company directly sold 5.5 million shares in the IPO, while a shareholder affiliated with…
iQiyi said to seek at least $8b value in IPO
A foreigner watching video programmes on iQiyi at an expo held in Beijing. [Photo by A Jing/For China Daily … Baidu wants to continue holding a controlling stake in iQiyi upon the IPO via dual-class…
IQiyi IPO could target valuation of up to $10bn
They added however that the IPO is still in the early stages and the final valuation could change. News of the sale follows Baidu’s decision in 2016 to scrap plans to buy a controlling stake…
China announces plans to build a national technology transfer system
The State Council of China, the country’s cabinet, has released a memo announcing that the Chinese government intends to build a basic national technology transfer system and a ‘market of technologies’ by 2020. Plans include…
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