Markets

New Oriental's Koolearn Platform Applies for Hong Kong IPO

New Oriental's Koolearn Platform Applies for Hong Kong IPO

A unit of New Oriental Education and Technology Group, China’s largest provider of private educational services, has submitted a filing to carry out an initial public offering in Hong Kong.

Jul 18, 2018
Xu Zuwei & Liao Shumin
Baidu’s iQiyi Buys Game Maker Skymoons to Expand Offering

Baidu’s iQiyi Buys Game Maker Skymoons to Expand Offering

Chinese online video streaming platform iQiyi has acquired game maker Skymoons and Skymoons Digital Entertainment in a deal worth as…

Jul 18, 2018
Xu Wei
China's Railway Giant Admits USD894 Mln Overdue Debt of Overseas Leasing Unit

China's Railway Giant Admits USD894 Mln Overdue Debt of Overseas Leasing Unit

A financial leasing arm of China's largest state-owned rolling stock firm CRRC has widened its losses.

Jul 18, 2018
Xu Zuwei & Liao Shumin
Fake Rabies Vaccine Maker Also Lost USD300 Million on Financial Products

Fake Rabies Vaccine Maker Also Lost USD300 Million on Financial Products

Changsheng Biotechnology, the Chinese vaccine maker that was forced to recall products after authorities found widespread production violations, squandered…

Jul 17, 2018
Xu Wei
 ICBC Lists Largest Ever Green Bond on London Stock Exchange

ICBC Lists Largest Ever Green Bond on London Stock Exchange

The Industrial and Commercial Bank of China, one of the country’s biggest commercial lenders, has officially listed a USD1.6 billion equivalent…

Jul 17, 2018
Liao Shumin
Yuan-Dollar Parity Rate Softens to Nearly One-Year Low

Yuan-Dollar Parity Rate Softens to Nearly One-Year Low

Yuan-Dollar Parity Rate Softens to Nearly One-Year Low. The yuan’s parity rate against the dollar hit its weakest value in almost a year today.

Jul 17, 2018
Xu Wei
China's Liquor King Kweichow Moutai Expects 40% Profit Surge in Six Months

China's Liquor King Kweichow Moutai Expects 40% Profit Surge in Six Months

Chinese high-end liquor maker Kweichow Moutai made encouraging profits during the first six months this year on strengthening demand, according to estimates that the firm released yesterday.

Jul 17, 2018
Lin Zhiyin
Shanghai Futures Lists 380 Fuel Oil Contracts, Will Open to Foreigners in Future

Shanghai Futures Lists 380 Fuel Oil Contracts, Will Open to Foreigners in Future

The Shanghai Futures Exchange listed 380-centistoke bonded fuel oil futures contract on Monday to remedy the absence of a mechanism…

Jul 17, 2018
Huang Siyu
Offer Prices for Fund Sales Licenses Spike to Nearly USD22.4 Mln

Offer Prices for Fund Sales Licenses Spike to Nearly USD22.4 Mln

Tengan Information Technology Shenzhen, a third-party fund sales unit under Internet giant Tencent Holdings, received approval from China Securities Regulatory…

Jul 17, 2018
Liao Shumin
Shifts in Market Sentiment Led to Recent Yuan Fluctuations, Financial Academic Says

Shifts in Market Sentiment Led to Recent Yuan Fluctuations, Financial Academic Says

Changing market sentiments in the foreign exchange market have played a key role in the recent fluctuations affecting the yuan’s…

Jul 16, 2018
Xu Yanyan
Xiaomi’s Stock Rollercoaster Isn’t Over as Shares Are Blocked From Stock Connects

Xiaomi’s Stock Rollercoaster Isn’t Over as Shares Are Blocked From Stock Connects

Traders expect Xiaomi’s share price to keep on zigzagging after two Chinese bourses blocked mainland investors from buying into the…

Jul 16, 2018
Li Jun
China Stocks Jump From Yesterday’s Dump

China Stocks Jump From Yesterday’s Dump

China’s three key stock indexes bounced high today out of yesterday’s slough of despond, with the Shanghai Composite rebounding over 2 percent.

Jul 12, 2018
Chen Juan & Liu Jing

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