Tag: ipo

Two of the biggest global banks, HSBC and Citigroup, announced they are under investigation by the U.S. Securities and Exchange Commission (SEC) for candidate hiring practices. It’s believed that the investigations focus on the banks’ hiring of so ... ( read original story ...)

Insurer AIA Group (1299.Hong Kong) has seen spectacular business opportunities in China, growing its new businesses there by 41% annually since 2010. Last year, AIA managed to grow the value of new business, a metric used in the insurance industry to ... ( read original story ...)

China has seen rapid growth in its research and development ... Other Chinese companies involved in automation business may also be worth some attention, including Shanghai-listed Shanghai Baosight Software, WuXi Xinje Electric, and Shenzhen-listed ... ( read original story ...)

BAODING, China -- Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost mile deep holes are providing clean heat for ... ( read original story ...)

Sy family-led China Banking Corp. grew net profit last year by 15 percent to P6.45 billion on higher interest earnings, fee-based revenues and treasury gains. Reporting sustained growth in core businesses across all market segments, China Bank disclosed to ... ( read original story ...)

YIN LIQIN / FOR CHINA DAILY Chinese manufacturers are preparing to take the nation's first passenger plane on its maiden flight. The locally designed and built aircraft marks a significant milestone in Chinese manufacturing, as China moves up the global ... ( read original story ...)

The securities watchdog is mulling faster IPO approvals for big tech names ... from Hong Kong and New York will come at the expense of genuine liberalisation. Beijing's micromanagement of the pace and pricing of new listings has fanned speculative bubbles. ( read original story ...)

Foreign condom brands vying for a greater share in the Chinese market suffered a blow recently when several failed to pass quality control standards. According to China’s General Administration of Quality Supervision, Inspection and Quarantine (that’s ... ( read original story ...)

Leading global luxury brands have little or no direct e-commerce offering in China, because they are failing to develop proper cross-channel strategies led by WeChat commerce. Luxury brands have trailed other retailers in digital adoption, but in China the ... ( read original story ...)

Vmenkov / Wikimedia, CC In the 1400s, China owned the greatest seagoing fleet in the world, up to 3,500 ships at its peak. (The U.S. Navy today has only 430). Some of them were five times the size of the ships being built in Europe at the time. ( read original story ...)