Markets

Xiaomi Postpones CDR Offering on A-share Market; Hong Kong IPO Plan Goes Ahead Unaffected

Xiaomi Postpones CDR Offering on A-share Market; Hong Kong IPO Plan Goes Ahead Unaffected

China’s smartphone maker Xiaomi has asked the regulator to postpone its application for a Chinese depository receipt, or CDR, offering without giving a reason.

Jun 19, 2018
Du Qingqing
 China's Monetary Policy Should Not Be Relaxed, PBOC Counselor Says

China's Monetary Policy Should Not Be Relaxed, PBOC Counselor Says

China's monetary policy should not be relaxed or otherwise the efforts to reduce fiscal institutions' and corporations' debt will go…

Jun 19, 2018
Tang Shihua
Chinese Stocks Slide Near Two-Year Low as Trump Warns of More Tariffs

Chinese Stocks Slide Near Two-Year Low as Trump Warns of More Tariffs

China’s three bourse indexes tumbled today, with Shanghai dropping to its lowest level in nearly two years, amid concerns about…

Jun 19, 2018
Liao Shumin
Shenzhen Stock Exchange Deepens Ties With South Asia Bourses

Shenzhen Stock Exchange Deepens Ties With South Asia Bourses

Shenzhen Stock Exchange Deepens Ties With South Asia Bourses. The Shenzhen Stock Exchange plans to further ties with South Asian…

Jun 19, 2018
Huayi Brothers Chairman to Boost Stake Amid Rumors of Covert Share Sell-Off

Huayi Brothers Chairman to Boost Stake Amid Rumors of Covert Share Sell-Off

Wang Zhongjun controlling shareholder and chairman of Chinese film and TV titan Huayi Brothers Media will spend at least CNY100 million of his…

Jun 19, 2018
Liao Shumin
[Exclusive] China Plans Further Stock Market Opening to Foreigners, Regulator Says

[Exclusive] China Plans Further Stock Market Opening to Foreigners, Regulator Says

China intends to further ease overseas access to its mainland A-shares because the country’s capital market is “still not open…

Jun 15, 2018
Li Ce & Zhang Yuanke
CDRs Will Form 7% of Xiaomi’s Share Capital After Issue, New Prospectus Says

CDRs Will Form 7% of Xiaomi’s Share Capital After Issue, New Prospectus Says

Chinese technology giant Xiaomi updated its prospectus on China Securities Regulatory Commission’s website yesterday.

Jun 15, 2018
Xu Wei
Muddy Waters’ Shorting Report Is Wrong, Malicious, TAL Education Ripostes

Muddy Waters’ Shorting Report Is Wrong, Malicious, TAL Education Ripostes

TAL Education Group replied to a short-selling report by activist investment firm Muddy Waters charging it with profit fraud, saying…

Jun 15, 2018
Liao Shumin
Shares Pledged by Major Shareholders of 404 Listed Companies Hit Forced Liquidation Price

Shares Pledged by Major Shareholders of 404 Listed Companies Hit Forced Liquidation Price

Shares Pledged by Major Shareholders of 404 Listed Companies Hit Forced Liquidation Price

Jun 14, 2018
Yin Jingfei
TAL Slumps After Short Seller Accuses Chinese Firm of Enron-Style Profit Fraud

TAL Slumps After Short Seller Accuses Chinese Firm of Enron-Style Profit Fraud

Muddy Waters, a well-known US short-selling institution, released a 70-page shorting report and a 13-minute video yesterday, in which it…

Jun 14, 2018
Xu Wei
China’s Deleveraging Efforts Led to Big Fall in Social Financing Last Month, PBOC Adviser Says

China’s Deleveraging Efforts Led to Big Fall in Social Financing Last Month, PBOC Adviser Says

An adviser to People’s Bank of China attributes a sharp drop in social financing in May to the central bank’s efforts to expand deleveraging in the world’s second-biggest economy.

Jun 14, 2018
Zhou Ailin
Three-Month HIBOR Tops 2% for First Time Since 2008 Global Financial Crisis

Three-Month HIBOR Tops 2% for First Time Since 2008 Global Financial Crisis

The three-month Hong Kong Interbank Offered Rate, HIBOR, jumped to its highest point in 10 years today following the…

Jun 13, 2018
Liao Shumin

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