Category: FINANCE

Wumei Technology Corp, owner of two of China’s biggest supermarket chains Metro China and Wumart Stores, has filed for an initial public offering on the Hong Kong stock exchange. No details were given ... ( read original story ...)

A drop in the currency on Thursday to levels last seen in December was followed by the People’s Bank of China setting the reference rate ... chief China economist at Credit Agricole CIB in Hong Kong. ... ( read original story ...)

China Evergrande Group raised HK$16.4 billion ($2.1 billion) selling a stake in its online home and car sales platform ahead of a planned U.S. listing, in the latest move by the giant developer to tap ... ( read original story ...)

A theory that China’s latest joint venture with the SWIFT financial messaging service is a defensive move against the United States has been refuted by a former Chinese bank executive, who insists the ... ( read original story ...)

Monitoring how the People’s Bank of China handles its “managed float” system for the foreign-exchange market isn’t easy: The central bank has various tools at its disposal, some public, some hidden. ( read original story ...)

Chairman and chief executive officer Chen Rui, who controls 43.7 per cent of voting power, cited a US law to compel foreign companies to grant access to their financial audits as "black swan" event, ... ( read original story ...)

The stock falls to as low as HK$753 or a 6.8 per cent discount below its IPO price of HK$808 on its Hong Kong market debut. Its Nasdaq listed shares slumped 11 per cent last week to US$97.08. ( read original story ...)

The Hang Seng Ping An Asian Income Fund# (the ‘Fund’) opened for public sale today. It provides investors with an opportunity to capture income and growth potentials in Asian markets amid current ... ( read original story ...)

China’s daily yuan fixing is once again drawing attention. The currency is set for its biggest monthly slide since last March, spurring traders to look closely at the reference rate again to scour for ... ( read original story ...)

HONG KONG (Reuters Breakingviews ... A trio of state-owned lending giants including the $296 billion Industrial and Commercial Bank of China each reported a surge in fourth-quarter net profit of over ... ( read original story ...)

China Evergrande Group on Monday said it will sell 10% of its online real estate and automobile marketplace, Fangchebao (FCB), to 17 investors for HK$16.35 billion ($2.10 billion), in a fundraising ... ( read original story ...)

China Evergrande Group raised HK$16.4 billion ($2.1 billion) selling a stake in its online home and car sales platform ahead of a planned listing in the U.S. ( read original story ...)

A Hong Kong debut by Chinese search engine Baidu last week raised $3.1 billion through its IPO but its shares finished flat on the opening day and have since sunk some 15 percent. US-China tensions ... ( read original story ...)

Linklogis, a Chinese FinTech with backing from Tencent, is looking to raise 8.3 billion Hong Kong dollars ($1.1 billion) from an initial public offering (IPO) in Hong Kong, Bloomberg reported. ( read original story ...)