The results underline just how China’s domestic retail banking giants now dominate the wealth management industry. China Merchants Bank (CMB) Private Banking led the pack with over 1.6 trillion yuan in AUM. It also enjoys…
Monthly Archives For September 2017
Asia-Pacific has dominated IPOs globally this quarter
Despite the SGX’s crown for the largest regional IPO by proceeds this quarter, greater China markets saw the most activity, the report said. Stock exchanges in greater China saw a total of 144 companies listed…
The Story Behind ZhongAn’s Blockbuster IPO
the final pricing of IPO shares at HK$59.70 ($7.64) each — the upper end of its marketed price range — puts the four-year-old insurer’s valuation at $11 billion. Though it is still a fraction of…
Lyft IPO could benefit diverse group of investors
Continue Reading Below Lyft Inc is close to hiring an initial public offering (IPO) advisory firm … Alibaba and Tencent are both investors in China’s largest ride services startup, Didi Chuxing, which in turn is…
‘Bad Moms’ studio STX is said to be planning an IPO in Hong Kong in 2018
A representative of STX declined to comment. An IPO by STX would fit a common pattern of companies hoping to capitalize on Chinese investors’ interest in entertainment. China Film Co., the state-backed film distributor, went…
STX Progressing Towards Hong Kong IPO
administration costs are far lower and the company wants to be more accessible to its many investors and relationships in greater China. One of STX’s earliest large investors was Chinese investment fund Hony Capital, which…
‘The IPO market right now is really hot’
Ringo Choi, Asia Pacific IPO leader at EY, says the performance of large IPOs, such as ZhongAn Online, will influence sentiment in Hong Kong and China. ( read original story …)
Italy’s Pirelli expected to price IPO at 6.5 euros a share: source
MILAN (Reuters) – Italian tyremaker Pirelli is expected to price its initial public share offering (IPO) at 6.5 euros per share … following a takeover led by state-owned China National Chemical Corp (ChemChina). The re-listing…
UPDATE: ZhongAn Jumps In Hong Kong Debut After $1.5 Billion IPO
Investors were willing to pay a premium for the stock since it was one of the first “large fintech IPOs in Hong Kong,” analysts at China Galaxy International Securities wrote in a note to clients.…
Anta: Official Sports Apparel Partner for Beijing 2022
Zhang Jiandong, Executive Vice President of Beijing 2022 and Vice Mayor of Beijing, and Ding Shizhong, Board Chairman and CEO of ANTA, signed the partnership document. Anta, a leading company in China’s sports product industry,…
China closes North Korean businesses; North Korea allegedly swells army to fight US
China on Thursday ordered the closing of all North Korean businesses … people have joined its military to prepare for a possible war against the U.S, Yonhap News Agency reported citing the North’s Rodong Sinmun…
What China Ban? Crypto-Currency Market Cap Returns
Bitcoin prices are over $4,000 again. China outlawed ICOs and, shortly afterwards, bitcoin exchanges on the mainland. Regulators demanded that companies return their capital to investors. Xinhua news reported on Sept. 22 that 90% of…
China rising: One country’s grand plan to dominate Canada’s game
The Red Star women are already big in China according to Murphy, thanks to a swell of media coverage. “They have us all over the news,” she said. “They’re gaga about us and we haven’t…
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