The Beijing-based firm is offering 424.5 million shares at HK$ … the terms show. Haidilao’s IPO price range values the company at 25.1 times to 30.2 times its estimated 2019 earnings, people with kn… (…
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China’s import ban shakes up plastic waste war
Dramatic cuts to the volumes of waste China imports from the rest of the world has “radically accelerated” moves in other countries to ban single-use plastic products such as cutlery, cups and contain… ( read…
HNA, Under Pressure From Beijing, to Sell Its Overseas Empire
One of China’s largest conglomerates intends to sell off the vast majority of overseas investments it made in recent years, including shedding its entire stake in Deutsche Bank AG. In a significant co… ( read…
Central Bank Steps Up Calls for Expanded Credit
The People’s Bank of China on Tuesday invited 14 banks and 29 private companies to discuss ways to address the financing difficulties many small firms face amid Beijing’s deleveraging campaign. Compan… ( read original story…
ADGM signs agreement with Beijing Financial Street Services Bureau
The Beijing Financial Street Services Bureau represents organisations including the People’s Bank of China, China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commis… ( read original story …)
ADGM and the Beijing Financial Street Services Bureau collaborate to support BRI
In particularly, both parties will collaborate on major Belt-and-Road investment and financing projects in Beijing and Abu Dhabi. Representatives from the People’s Bank of China, China Banking and Ins… ( read original story …)
Ambitious Banker’s ‘Shadow Banking’ Scheme Leaves ICBC on Hook for Billions
Zheshang and Citic banks to fund investments that it wasn’t supposed to make (Beijing) — Zhang Hui wanted to make it big when he took over the operations of the Industrial and Commercial Bank of…
China reportedly detained a man for terrorist charges after he set his watch 2 hours behind Beijing time
China detained a man of the Uighur ethnic minority because he set his watch to a different time from Beijing, Human Rights Watch has said in a new report. The unnamed man was arrested for…
Your Monday News Briefing: China, North Korea, Naomi Osaka
The Chinese government has built hundreds of camps where Uighur Muslims are taken in, usually without criminal charges, and subjected to high-pressure indoctrination campaigns, according to detainees … ( read original story …)
China’s Sees More Rapid Digital Financial Transformation Than Any Country – Prof
The Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) wrapped up in Sochi this week. The AFI empowers policymakers to increase access to quality financial services for the poorest popul… ( read original story…
Beijing hopes Wall Street bankers can break Trump trade impasse
… officials have invited the heads of America’s leading financial institutions to attend a “China-US Financial Roundtable” in Beijing on September 16, followed by a meeting with Wang Qishan, vice-pr… ( read original story …)
Deutsche Bank’s Chinese shareholder to sell stake
Germany’s biggest bank, as part of a deal with Beijing to strengthen its finances, a person familiar with HNA’s thinking told Handelsblatt. The news, first reported by the Wall Street Journal … ( read original…
Canadian lobster exporters feel ripple effect of U.S.-China trade war
The United States-China trade war is creating choppy seas for Canada’s lobster exporters. It has led to the dumping of Maine lobster — now priced out of China — in other Asian markets and Europe,…
