Markets

Pinduoduo Prices IPO at Top of Range, Valuing Shopping Platform at USD24 Billion

Pinduoduo Prices IPO at Top of Range, Valuing Shopping Platform at USD24 Billion

Tencent-backed Pinduoduo, China’s leading online group discounter, has priced its initial public offering at the top of its range ahead of today’s Nasdaq listing.

Jul 26, 2018
Liao Shumin
Kangtai Biological Products’ Controller to Buy USD9 Million Shares

Kangtai Biological Products’ Controller to Buy USD9 Million Shares

Shenzhen Kangtai Biological Products announced on July 25 that the company's controlling shareholder Du Weimin plans to buy at least…

Jul 25, 2018
Liao Shumin
Streamer Momo's Shares Dive Over 8%, Short-Seller Warns for up to 50% Plunge

Streamer Momo's Shares Dive Over 8%, Short-Seller Warns for up to 50% Plunge

China's live streamer Momo's shares fell more than 8 percent on Nasdaq yesterday, on their way to confirm US short-seller's warnings of underlying inconsistencies in the firm's fundamentals.

Jul 25, 2018
Liao Shumin
Chinese P2P Lender’s Controller Disappears After Sponsoring Portugal

Chinese P2P Lender’s Controller Disappears After Sponsoring Portugal

Zheng Yansen, the controller of peer-to-peer lender Guangzhou Leader Internet Financial Information Service has disappeared, the firm announced yesterday. 

Jul 24, 2018
Liao Shumin
China Fixes Yuan at Lowest in Over a Year After Rebuffing Trump’s Currency Charge

China Fixes Yuan at Lowest in Over a Year After Rebuffing Trump’s Currency Charge

The People’s Bank of China set the yuan’s central parity rate against the US dollar at the lowest for more…

Jul 24, 2018
Xu Wei
China Should Normalize Stock Index Futures Trading, CSRC Official Says

China Should Normalize Stock Index Futures Trading, CSRC Official Says

China will work to normalize trading in stock index futures in line with the risk management needs of Chinese and…

Jul 24, 2018
Xu Wei
Shenzhen Bourse Stops Top Execs, Shareholders From Selling Stock in Vaccine Faker

Shenzhen Bourse Stops Top Execs, Shareholders From Selling Stock in Vaccine Faker

Shenzhen Stock Exchange has banned top shareholders and executives at Changsheng Bio-Technology from selling their shares in the company that made fake rabies vaccines.

Jul 24, 2018
Xu Wei
Fund Managers Cut Stock Price Targets for Chinese Vaccine Makers Amid Scandal

Fund Managers Cut Stock Price Targets for Chinese Vaccine Makers Amid Scandal

Fund managers in China have slashed their share price targets for a number of listed Chinese biotech firms amid a…

Jul 24, 2018
Xu Wei
Beijing Drafts Rules to Make WMPs More Transparent, Less Risky

Beijing Drafts Rules to Make WMPs More Transparent, Less Risky

China’s banking and insurance regulator has released long-awaited draft regulations to extend supervision over wealth management products and the companies that handle them.

Jul 24, 2018
Yang Jiao
China's Aluminum Exporter Wanshun Sues US for Errors in Anti-Dumping Claim

China's Aluminum Exporter Wanshun Sues US for Errors in Anti-Dumping Claim

China's Wanshun Package Material Stock and its unit have sued the US regarding its preliminary decision to start posing anti-dumping and anti-subsidy measures against the Chinese firms' products.

Jul 23, 2018
Xu Wei
PBOC Sets Yuan Fix Higher for First Time in Eight Trading Days

PBOC Sets Yuan Fix Higher for First Time in Eight Trading Days

The People’s Bank of China lifted the yuan’s central parity rate against the US dollar, bringing to an end a…

Jul 23, 2018
Xu Wei
China's Vaccine Scandal Pushes Major Pharma Stocks Down to Daily Limit

China's Vaccine Scandal Pushes Major Pharma Stocks Down to Daily Limit

China's latest fake rabies vaccine scandal has dulled mainland investor sentiments in the pharmaceutical sector.

Jul 23, 2018
Liao Shumin

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