China’s president, Xi Jinping, presiding over the country’s massive military parade in inner Mongolia. CCTV Chinese President Xi Jinping on Sunday presided over a massive military parade from an open-topped jeep, declaring, “The world is…
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How China’s biggest bank became ensnared in a sprawling money laundering probe
Xu Kai, who was arrested and released on bail in late 2012, fled to China. She couldn’t be reached for comment. The court filings and wiretap transcripts reviewed by Reuters indicate that within eight months…
Chinese regulator to fast-track reform of registration-based initial public offerings system
China Business News reported. The China Securities Regulatory Commission (CSRC) will speed up the establishment of basic systems in a bid to guard against financial risks during the second half of this year, Li Huiyong,…
A Crackdown on Unfettered Internet Access Is Jeopardizing China’s Pro-Business Credentials
Another big political meeting, another crackdown on Virtual Private Networks (VPNs) — the location-shifting software many in China use to access websites banned by its government, such as Facebook, YouTube and Google. “We have been…
Starbucks buys back its eastern China operation in record deal
Long-term joint-venture partners Uni-President Enterprises and President Chain Store Corporation ceded their 50% stake in the business to Starbucks, which plans to build on its ongoing investments in China, its fastest-growing market outside America. (…
China shut 42.4 million tonnes of steel capacity in the first half
SHANGHAI: China shut 42.39 million tonnes of crude steel capacity in the first half of 2017, equal to 84% of its target for the whole year, a government official said at a meeting of the…
China’s PMI numbers fall slightly in July
Hot weather and flooding in some parts of China temporarily disrupted business activity and dragged the overall index lower. Likewise, the new orders index slid to 52.8 in July from 53.1 and the new export…
China now the top IPO market, but economists fear for ordinary investors
China has overtaken Hong Kong as the top initial public offering (IPO) market. The number of listings in China’s stock exchanges has surged 303 per cent, with 246 companies raising up to US$18 billion in…
Saudi Aramco advisers favour London for mega IPO
Reuters reported in April that China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, to act as a “cornerstone” IPO investor. As well as New York and London,…
HNA seeking more arrangers for delayed property IPO
China’s HNA Group, which is having trouble with is REIT IPO in Singapore, has a 20 per cent stake in Virgin Australia. Edwina Pickles HNA Commercial REIT is seeking to add arrangers to its planned…
Weibo History: Everything Investors Need to Know
By 2013, Weibo had roughly 500 million registered accounts, but many of these accounts were bots (or “zombies” as they’re called in China) rather than actual people … Prior to Weibo’s IPO, Alibaba made a…
Week Ahead: Earnings, RBI policy among 10 factors that could impact the market
Two new IPOs to hit the market The upcoming week will also see two … Additionally, the market will watch out for economic data from several nations. For instance, China’s manufacturing and non-manufacturing PMI for…
Chinese Leverage to Kill Petro-dollar
The IPO deal is stalled, possibly since underwriting brokerage … They might hand to the Saudis an over-valued offer on a gilded platter. China has stayed away from any direct involvement in the Yemen War.…
