Xiaomi shares will begin trading in Hong Kong on July 9. Beijing-based Xiaomi hoped to raise up to $6.1 billion from its IPO before trading started. The pricing gives the company a market valuation of…
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China Tower wins approval for Hong Kong IPO of up to $10 billion: sources
HONG KONG (Reuters/IFR) – China Tower, the world’s largest mobile mast operator, has won approval in Hong Kong for an IPO that could raise up to $10 billion, according to people familiar with the situation.…
China’s 84 Questions for Xiaomi Show Hurdles for Tech IPO Plans
The collapse of Xiaomi Corp.’s plan to sell stock in mainland China is an example of Beijing’s ambition getting ahead of its reality. Intransigent regulators, lack of clarity from the central government and a company…
China defends its post-WTO business record
China on Thursday insisted it has “carried out every promise” made in joining the World Trade Organization as Washington and Brussels push Beijing to do away with protectionist policies. Hitting back at critics like US…
Whack-a-mole: China steps up property market scrutiny in 30 cities
BEIJING (Reuters) – China said on Thursday it would renew efforts to crack down on property irregularities in 30 major cities this year, mobilizing powers from seven major Chinese government agencies in a concerted effort…
China won’t give up ‘one inch’ of territory says President Xi to Mattis
China is committed to peace but will not give up “even one inch … but the government in Seoul maintains they are defensive in nature. The best way to get news on the go Download…
Whack-a-mole: China steps up property market scrutiny in 30 major cities
BEIJING (Reuters) – China said on Thursday it would renew efforts to crack down on property irregularities in 30 major cities from July to end-December, mobilizing powers from seven major Chinese government agencies in a…
Fearing Yuan’s Slide, China Puts New Limits on Property Companies’ Bonds
SHANGHAI—China’s top economic planning body has told the country’s heavily indebted property companies to curb their issuance of dollar-denominated bonds, a sign of Beijing’s concern about the side effects of the yuan’s recent slide. In…
The Good Times Are Over for China’s Property Stocks
The long-awaited crunch for Chinese property stocks is finally here. These domestically focused companies might seem to have little connection with global trade fights. But those tensions have caused the yuan to slide this week.…
Beijing ‘has no problem’ with Donald Trump’s softer tone over Chinese investments in US
Beijing is happy with Donald Trump’s softer stance on Chinese investments in the US, a senior official said on Thursday, because his new proposals do not single out Chinese companies. Xiao Yaqing, the chairman of…
China Escalates Crackdown on Property Speculation in 30 Cities
China escalated a crackdown on property speculation, saying it is embarking on a six-month campaign in 30 cities to root out violations in the housing market. The special campaign will target unlicensed real estate agencies,…
Whack-a-mole: China steps up property crackdown in 30 major cities
China said on Thursday it would renew efforts to crack down on property irregularities in 30 major cities from July to end-December, mobilizing powers from seven major Chinese government agencies in a concerted effort to…
China to crack down on property irregularities in 30 major cities
BEIJING (Reuters) – China will crack down on property irregularities in 30 major cities from July to the end of December, according to a notice posted on the housing ministry’s website on Thursday. The crackdown…
