Beijing’s behemoths once listed regardless of market conditions … The company had sought to raise up to $2 billion from the IPO. However, it put the listing on hold late last year because early inve……
Monthly Archives For January 2019
China to Scrap Price, First-Day Gain Limits to Entice Tech IPOs
(Bloomberg) — China will remove limits on IPO pricing and first-day gains under plans for a new tech-stock exchange aimed at avoiding losing the likes of Alibaba Group Holding Ltd. and Tencent Holdin… ( read…
Pendal Group Ltd Reduces Holdings in China Mobile Ltd. (CHL)
Pendal Group Ltd trimmed its holdings in shares of China Mobile Ltd. (NYSE:CHL) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The in… ( read…
Hong Kong loses out to mainland China, Singapore when it comes to marketing, financial sector pay, survey shows
The study polled more than 700 respondents in Hong Kong, mainland China and Singapore … The special administrative region fares better when it comes to salaries in banking and financial services, it… ( read original…
U.S., China launch high-level trade talks amid deep differences
a small group of Chinese protesters held placards highlighting various grievances against the China’s government, including the unfair taking of properties. Some business groups watching the … ( read original story …)
Beijing boys’ 10,000-km hockey journey to Toronto pays off
Sean Wu said a little prayer. The goaltender for Team China at the IIHF under-20 Division III world championship glanced at the score clock. His team, up 5-1 on Australia in the gold-medal game in…
Luxury stocks may yet lose luster despite China’s taste for Vuitton
Enduring momentum in Asia bears out for now brands’ argument that young, middle class Chinese are developing a lasting taste for high-end goods, after luxury stocks were battered in recent months by w… ( read…
Beijing Conjures a Perfect Storm for Insurers
Beijing is looking to domestic demand to pick up the slack as it tries to wean the world’s second-largest economy from its dependence on export- and investment-led growth. That isn’t to say China Life ……
China Mobile : launches 5G base station in Tibet-Qinghai region
BEIJING: China has opened its first 5G base station for the Qinghai-Tibet plateau region, a media report said on Sunday. Currently, part of the city’s downtown area is covered by 5G service, having th… (…
What do China’s reassignments of Liu Shiyu and Yi Huiman say about Xi Jinping’s policy priorities for the next few years?
The government promoted Yi Huiman, chairman of the Industrial and Commercial Bank of China (ICBC), to head the China Securities Regulatory Commission (CSRC), the financial industry watchdog. Incumbent … ( read original story …)
Shanghai Is Intent on Becoming Leading Global Financial Center
Financial institutions in Lujiazui, the central business district of Shanghai.CreditCreditSHA LANG / FOR CHINA DAILY Shanghai will develop into a world-leading financial hub in line with China’s econo… ( read original story …)
Morning Brief: Apple’s China sales fall, outlook disappoints
[Yahoo Finance] The U.S. companies blaming China for their earnings misses: As China’s economy slows down, Corporate America is feeling the pinch. More companies are joining Apple in cutting revenue o… ( read original story…
China unveils draft rules for Nasdaq-style board for tech startups
China has published draft rules for a Nasdaq-style startup board in Shanghai, the China Securities Regulatory Commission said on Wednesday, potentially competing with Hong Kong and New York for listin… ( read original story …)