Markets

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
Beijing Eases Foreign Investor Limits as Part of Ongoing Drive to Open Financial Sector

Beijing Eases Foreign Investor Limits as Part of Ongoing Drive to Open Financial Sector

China’s forex regulator has unveiled new rules to ease restrictions on qualified foreign bond and stock investors as Beijing continues…

Jun 13, 2018
Xu Wei
Meituan Is Said to Be Planning USD6 Billion Hong Kong IPO, Open to CDR Listing

Meituan Is Said to Be Planning USD6 Billion Hong Kong IPO, Open to CDR Listing

The firm behind Meituan-Dianping, China’s largest on-demand services provider, is reportedly planning to file for a USD6 billion initial public…

Jun 13, 2018
Xu Wei
ZTE Shares Nosedive 42% on First Trading Day Since US Tech Ban

ZTE Shares Nosedive 42% on First Trading Day Since US Tech Ban

Shares in ZTE free-fell today after the Chinese telecoms giant resumed trading for the first time since the United States banned it from buying American technology for seven years.

Jun 13, 2018
Tang Shihua
Africa’s Top Phonemaker Misses Out on China Backdoor Listing

Africa’s Top Phonemaker Misses Out on China Backdoor Listing

Transsion Holdings’s plans to backdoor list on the Chinese mainland have fallen through after the bestselling phonemaker in Africa was unable to agree on terms with the vessel company.

Jun 13, 2018
Tang Shihua
[Exclusive] China’s First Dual-Currency ABS Is Oversubscribed

[Exclusive] China’s First Dual-Currency ABS Is Oversubscribed

[Exclusive] China’s First Dual-Currency ABS Is Oversubscribed. An asset-backed security product called Sinolink-APP Supply-Chain Asset-Backed Plan, which supports the…

Jun 13, 2018
Du Qingqing
Haier Gets Green Light to List on German Bourse

Haier Gets Green Light to List on German Bourse

Haier Group is poised to become the first Chinese company to debut on Frankfurt’s China Europe International Exchange after receiving regulatory approval in China for the overseas listing.

Jun 13, 2018
Xu Wei

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