BEIJING — The Chinese property developer Sunac China Holdings has turned into one of the country’s biggest white knights, swooping in to help troubled companies with too much debt. The risk: Sunac is amassing its own large pile of debt in the process. ( read original story ...)
China-Led Infrastructure Bank Secures AAA Rating from Fitch
China’s rival to the World Bank, the Asian Infrastructure Investment Bank, is making headway in its quest to become an alternative provider of development finance. The Beijing-based bank on Thursday secured an AAA rating by Fitch Ratings Inc., after ... ( read original story ...)
China cremates body of jailed Nobel laureate Liu Xiaobo
China cremated the body of imprisoned Nobel Peace Prize laureate ... But the statement did not appear on its website, where transcripts of daily news briefings have been scrubbed clean of all mentions of Liu. Liu rose to prominence during the 1989 pro ... ( read original story ...)
China stocks regulator approves 9 IPOs to raise $620 mln
SHANGHAI (Reuters) - China's securities regulator said it has approved nine initial public offerings (IPOs) that aim to raise a combined total of up to 4.2 billion yuan ($620 million). Four of the approved IPOs are on the Shanghai bourse, one on the ... ( read original story ...)
Chinese genomics company BGI makes IPO debut
SHENZHEN, July 14 (Xinhua) -- China's genomics giant BGI made its initial public offering (IPO) Friday on the Shenzhen Stock Exchange, with shares surging by the upper limit of 44 percent shortly after its debut. With an initial offering price of 13.64 ... ( read original story ...)
BGI Genomics Announces Pricing of Initial Public Offering
BGI Genomics has been listed on the Shenzhen Chi-Next exchange, China's NASDAQ-style board of growth enterprises, of the Shenzhen Stock Exchange. The shares began trading on July 14 under the code 300676. The IPO was approved by the China Securities ... ( read original story ...)
Alibaba-Backed Company Could Turn The Tide For Chinese IPOs in US After String of Busts
Since then, China’s economic growth has slowed down but US investors continue to closely follow large Chinese names. Shares of Alibaba(BABA) are up 42% while shares of JD.com have surged 94.9% since their IPOs in2014. Shares of Baidu are currently ... ( read original story ...)
After A String Of Busts, The Tide For Chinese IPOs In The U.S. Is About To Change
... IPOs can recreate Alibaba’s story IPOs by Chinese firms have not had much success in gaining popularity among investors in the U.S. since Alibaba three years ago. The weak performances for both China Rapid Finance and ZTO Express on the New York ... ( read original story ...)
Zhongyuan raises $1bn as Hong Kong clings to IPO crown hopes
The bank, formed in 2014 from the restructuring of 13 struggling institutions in the province, is an example of China’s efforts to consolidate its regional banking systems. On Wednesday it priced its IPO at HK$2.45 a share after offering the stake at ... ( read original story ...)
Quality, quantity of IPOs rise on the back of reforms
The Shanghai Stock Exchange expects IPOs to raise 300 billion yuan by this year-end, up 67 percent on-year. Liu Shiyu, chairman of the China Securities Regulatory Commission, said in February that the new registration system should not be seen as overly ... ( read original story ...)