Markets

Foxconn Unit Plans to Raise USD4.2 Billion in China’s Biggest A-share IPO in Three Years

Foxconn Unit Plans to Raise USD4.2 Billion in China’s Biggest A-share IPO in Three Years

Foxconn Unit Plans to Raise USD4.2 Billion in China’s Biggest A-share IPO in Three Years. Foxconn Industrial Internet Co. will…

May 23, 2018
Xu Wei
Chinese Firms Have Defaulted on USD3 Billion in Bonds So Far This Year

Chinese Firms Have Defaulted on USD3 Billion in Bonds So Far This Year

Eleven companies have defaulted on 21 bonds in China so far this year, totting up CNY19 billion (USD3 billion) in…

May 23, 2018
Xu Yanyan
State-Owned Investment Fund Saves Chinese Power Firm Through Equity Transfer

State-Owned Investment Fund Saves Chinese Power Firm Through Equity Transfer

The controlling shareholder of waste-based power generation firm Shengyun Environment-Protection Group Co. will transfer all of his stocks to a…

May 23, 2018
Tang Shihua
Several Newly-Listed Unicorns See Shares Slide in Hong Kong

Several Newly-Listed Unicorns See Shares Slide in Hong Kong

An array of new economy unicorns have seen their share prices slide following their initial public offerings in Hong…

May 23, 2018
Liao Shumin
Private Equity Firms Turn to Hong Kong IPO Market as A-share Listing Regulation Toughened

Private Equity Firms Turn to Hong Kong IPO Market as A-share Listing Regulation Toughened

China’s stock market regulators have toughened criteria in initial public offering review, prompting venture capital and private equity firms to…

May 21, 2018
Yang Jiao
Yuan Showed Resistance as Dollar Surged Last Month

Yuan Showed Resistance as Dollar Surged Last Month

The yuan lost 2 percent against the dollar in April, making it a safer asset than other emerging market currencies as the greenback surged 5 percent throughout the month.

May 21, 2018
Zhou Ailin
CATL Is Forced to Halve IPO Value as Regulator Looks to Maintain Market Stability

CATL Is Forced to Halve IPO Value as Regulator Looks to Maintain Market Stability

China’s biggest battery maker Contemporary Amperex Technology Co. has halved the size of its upcoming initial public offering as regulators…

May 21, 2018
Yuan Ziyi
Qingming Festival Frost Sent Apple Commodity Futures Into Seesawing Frenzy

Qingming Festival Frost Sent Apple Commodity Futures Into Seesawing Frenzy

A rare frost that hit the apple-growing regions of western China during the three-day Qingming Festival public holiday last month sent…

May 21, 2018
Liao Shumin
China’s Tianqi Eyes to Become Second-Largest Shareholder in World’s Major Lithium Supplier SQM

China’s Tianqi Eyes to Become Second-Largest Shareholder in World’s Major Lithium Supplier SQM

Tianqi Lithium Corp. will invest billions of dollars to become the second-largest shareholder in one of the world’s biggest lithium…

May 18, 2018
Tang Shihua
Much-Loved Hotpot Chain Haidilao Files for Hong Kong IPO

Much-Loved Hotpot Chain Haidilao Files for Hong Kong IPO

Haidilao International Holding Ltd., which runs one of China’s most popular restaurant chains, has applied to go public in Hong Kong in a bid to fund the expansion of its hotpot empire.

May 18, 2018
Liao Shumin
Yuan Exchange Rate Rise Jettisons Trump's Claims of Manipulation

Yuan Exchange Rate Rise Jettisons Trump's Claims of Manipulation

The real and nominal effective exchange rates of the Chinese yuan both rose slightly in April, while disproving US…

May 18, 2018
Xu Wei
Chinese Nutritionist Kingdomway to Acquire US Health Drink Maker Zipfizz

Chinese Nutritionist Kingdomway to Acquire US Health Drink Maker Zipfizz

Chinese dietary supplement manufacturer Kingdomway Group Co. plans to buy US nutritional beverage firm Zipfizz Corp. for USD80 million, as part of efforts to unlock growth in overseas markets.

May 18, 2018
Dou Shicong

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