China IPO Fundraising Set to Jump as State Pushes Debt Reduction

Fundraising from Chinese domestic initial public offerings in 2017 is expected to jump to the highest level in six years, as the government turns to the stock market to help companies reduce debt. The volume of first-time share sales in mainland China is ... ( read original story ...)

China's banks have limits on how much they can lend

In fact, the opposite has happened. Central and local government borrowing in China has soared: bank and shadow-bank credit has grown rapidly: and the People's Bank of China (PBOC) has increasingly issued direct loans to state-owned banks in a manoeuvre ... ( read original story ...)

China's poorest, trying to stay warm, add greatly to smog

QIAN'AN, China — An overloaded coal truck rumbles down from the steel factory and hits a bump, sending chunks of its black cargo skittering and click-clicking along the asphalt. Waiting by the roadside, a farmer swaddled in thick, cotton-padded winter ... ( read original story ...)

China Needs To Fix Its Shady Bond Market

Last month gave us another story of a bubble and a bust in China’s financial markets. The trouble began in mid-December: After the U.S. Federal Reserve raised interest rates, China’s bond market saw a record selloff: For the first time, both five-year ... ( read original story ...)

Beijing's financial revenues hit US$72 bln

Beijing's financial revenues totaled 508.13 billion yuan (US$72 billion) in 2016, a 7.5 percent increase year on year, according to the Beijing Municipal Bureau of Finance. It is the first time that the city's financial revenues have surpassed the 500 ... ( read original story ...)

McDonald's agrees China franchise sale

Under the agreement signed Monday, the US fast food giant will keep a 20% stake in its China business. Citic will hold a 52% share in the partnership while Caryle takes 28% of the new business. Competitor Yum Brands, the owner of KFC and Pizza Hut ... ( read original story ...)