ZhongAn Online Property & Casualty Insurance’s IPO priced at the top of its range at HK$59.70 per share, according to people familiar with the deal. ZhongAn is backed by some of China’s largest online financial…
Tagged By ipo
China’s insurtech ZhongAn raises $1.5bn in IPO
Internet-only insurer ZhongAn Online Property & Casualty Insurance priced its initial public offering (IPO) at the top of an indicated range, raising $1.5 billion in Hong Kong, Reuters reported on Sept. 22. ZhongAn was founded…
5 Things to Know About China’s Crackdown on Initial Coin Offerings
Unlike initial public offerings (IPOs), which require auditing and regulatory reviews … such as goods and services offered by the issuer. How popular were ICOs in China before the government crackdown? More than 100,000 investors…
The world’s first ever insurtech IPO has raised $1.5bn
It was also the biggest Hong Kong IPO since last year’s $1.9bn listing of pharma group China Resources. This also made ZhongAn’s listing the biggest financial technology offering in the Hong Kong market’s history. Read…
Hong Kong to rank third in 2017 IPO fund raising: Deloitte
Standard & Poor’s on Friday (Sep 22) slashed Hong Kong’s top-notch credit rating, a day after lowering China’s, warning of potential spillover risks the mainland’s ballooning debt pile. Hong Kong’s Initial Public Offering (IPO) market…
UK-China IP symposium highlights importance of innovation
Following on from this successful symposium, UK IPO Chief Executive Tim Moss will visit China later in the Autumn as part of continued engagement with his Chinese counterparts. ( read original story …)
REPORT: China tells its banks to stop doing business with North Korea
Zhou Xiaochuan, the governor of the People’s Bank of China. Jacky Naegelen/Reuters China reportedly told its banks to stop doing business with North Korea. The People’s Bank of China, the country’s central bank, told banks…
Bitcoin enthusiasts have figured out a way to get around a China trading ban
On Thursday, The Wall Street Journal’s Steven Russolillo and Chuin-Wei Yap reported that bitcoin traders can still exchange their coins via messaging apps such as WeChat, the largest in China with over 900 million users.…
China: Trump bank ban statement ‘not consistent’ with facts
Trump praised China on Thursday for what he said was instructions to its banks to cut off business with North Korea. He said the action “was a somewhat unexpected move and we appreciate it.” U.S.…
China hits out at ‘wrong’ S&P downgrade ahead of party meeting
State news agency Xinhua quoted Chinese economists as saying the downgrade wouldn’t impact on foreign investment, because the Chinese government was introducing policies to improve the business environment. China has said it will expand the…
China’s Top Bank Orders Others To Cut Business Ties With North Korea
Moscow and Beijing have proposed kick-starting negotiations with North Korea by freezing Pyongyang’s nuclear and missile tests in exchange for a suspension of South Korea-US annual military drills. Tensions between the United States and North…
China’s spirits sales to surpass US$450bn by 2021
Spirits sales in China are forecast to more than double in the next five years, with speciality spirits such as baijiu and soju continuing to dominate the market, according to business analytics firm GlobalData. The…
Agribusiness delegation heads to China to improve industry ties
More than 120 influential Chinese representatives from government, business and academia including one of China’s vice finance ministers, Zhu Guangyao, and Wahaha Group chairman Zong Qinghou will meet with the Australian delegation in Beijing. (…
