For Beijing, a Hong Kong listing of Saudi Aramco carries with it ... It’s not that the Saudi Aramco IPO is too big to fail – it’s that it might be too big to happen. Too big to happen? From the geopolitical implications of a listing in London ... ( read original story ...)
An Alibaba-backed fintech company founded by a 34-year-old just had an amazing IPO
Chinese fintech is red-hot Qudian's strong IPO illustrates the red-hot market for fintech in China. Some of the world's largest privately owned financial technology companies are based in China, including Lu.com, a Shanghai-based personal finance company ... ( read original story ...)
China IPO Qudian Opens With a Bang
A Chinese consumer micor0-lender called Qudian (QU) jumped more than 30% Wednesday on its first day of trading in the United States. The shares were priced at $24, according to Reuters, and were recently trading at $30.94. Qudian's prospectus offered 37.5 ... ( read original story ...)
Qudian’s stock soars above IPO price on public debut
Shares of Beijing-based micro lender Qudian Inc. QD, +30.36% soared in their public debut Wednesday, enough to make them the biggest percentage gainer on the NYSE. Qudian said earlier that its IPO of 37.5 million American depositary shares priced at $24 ... ( read original story ...)
China’s Bona Poised to Raise $215 Million Through Local IPO
Chinese film producer and distributor, Bona Film Group is poised to raise $215 million through an initial public offering on one of China’s stock markets. The company is expected to be valued at upwards of $2.4 million, according to Chinese news agency CGTN. ( read original story ...)
The Treasury Department backs down on some of its criticism of China’s currency policies
The US Treasury Department moderated its criticism of China's foreign exchange policies, but highlighted its large bilateral trade deficit with the US. China does not actually match the Treasury's three criteria for being labeled a currency manipulator. ( read original story ...)
China’s Xi lays out vision for ‘new era’ led by ‘still stronger’ Communist Party
Xi's wide-ranging speech, which ran nearly three-and-a-half hours, laid out a confident vision for an increasingly prosperous China and its place in the world, stressing the importance of wiping out corruption and making clear there were no plans for ... ( read original story ...)
China’s Xi pledges to build ‘modern socialist country’
Xi's wide-ranging speech kicked off the twice-a-decade congress, a week-long, mostly closed-door conclave that will culminate with the selection of a new Politburo Standing Committee that will rule China's 1.4 billion people for the next five years. ( read original story ...)
China’s Xi says anti-graft campaign has ‘overwhelming momentum’
BEIJING (Reuters) - China's campaign against corruption has achieved "overwhelming momentum", President Xi Jinping said on Wednesday at the start of a critical Communist Party congress expected to cement his authority. Xi's speech kicks off the twice-a ... ( read original story ...)
Administration does not brand China currency manipulator
WASHINGTON — The Trump administration on Tuesday once again declined to label China a currency manipulator, even though Donald Trump repeatedly pledged during last year's presidential campaign that he would do so as soon as he took office. Instead, the ... ( read original story ...)