Markets

China’s Forex Reserves to Remain Stable After June Uptick, SAFE Says

China’s Forex Reserves to Remain Stable After June Uptick, SAFE Says

China’s foreign exchange regulator expects reserves to remain stable despite fluctuations and an increase last month that ended two months of declines.

Jul 9, 2018
Xu Zuwei
China Firms to IPO in US in Ever-Greater Number After 15 Do in H1

China Firms to IPO in US in Ever-Greater Number After 15 Do in H1

The US has again become an important destination for Chinese companies seeking initial public offerings after internet giant Alibaba Group…

Jul 9, 2018
Tang Shihua
Xiaomi’s Share Price Falls Below Its Offering Price, Per Expectations

Xiaomi’s Share Price Falls Below Its Offering Price, Per Expectations

Beijing-based tech giant Xiaomi [HK:1810], whose valuation is said to be equal to ‘Tencent multiplied by Apple,’ started trading today.…

Jul 9, 2018
Liu Jing
Hakim Unique Units Acquire 51% Stake in California Medicare Provider

Hakim Unique Units Acquire 51% Stake in California Medicare Provider

Two subsidiaries of Hakim Unique will jointly contribute USD33.50 million to acquire a medical company in the US state of…

Jul 6, 2018
Tang Shihua
Xiaomi IPO Response Disappoints Despite Being 8.5 Times OversubscribedXiaomi’s Worth Half Its Original Target Despite Oversubscribed Retail Share Offer

Xiaomi IPO Response Disappoints Despite Being 8.5 Times OversubscribedXiaomi’s Worth Half Its Original Target Despite Oversubscribed Retail Share Offer

Tech giant Xiaomi will start trading next week at almost half of the USD100 billion target valuation touted as recently…

Jul 6, 2018
Xu Wei
PBOC Sets Highest Yuan Rate in Almost Nine Months

PBOC Sets Highest Yuan Rate in Almost Nine Months

PBOC Raises Yuan’s Rate Against US Dollar to Highest Level in Nearly Nine Months. Today China's central bank set the…

Jul 5, 2018
Xu Wei
Midea Plans Biggest Ever A-Share Buyback

Midea Plans Biggest Ever A-Share Buyback

China’s leading home appliance maker Midea Group intends to undertake the biggest regular share buyback ever seen on the country’s A-share market buoyed by market optimism.

Jul 5, 2018
Liao Shumin
Hong Kong May Lead Global IPOs This Year as New-Economy Firms Swarm

Hong Kong May Lead Global IPOs This Year as New-Economy Firms Swarm

The Hong Kong bourse could cement its position as a leading initial public offering market globally this year as new…

Jul 5, 2018
Luo Qi
Yuan Exchange Rate Fluctuations Remain Within Reasonable Range, Top Economist Says

Yuan Exchange Rate Fluctuations Remain Within Reasonable Range, Top Economist Says

Fluctuations in the Chinese yuan's exchange rate are still within a reasonable range, though it is important to take steps…

Jul 5, 2018
Song Yikang
Firms’ Forex Fervor Fells Yuan, but Dollar Lacks Luster in Second Half, Traders Say

Firms’ Forex Fervor Fells Yuan, but Dollar Lacks Luster in Second Half, Traders Say

Companies’ hastened purchases of foreign currencies is a key cause of the recent quicker yuan drop against the dollar since…

Jul 4, 2018
Zhou Ailin
TAL Rebuts Muddy Waters Again for New Shorting Report

TAL Rebuts Muddy Waters Again for New Shorting Report

China’s TAL Education Group has again hit back at Muddy Waters following the activist investment firm’s release of a second short-selling report.

Jul 4, 2018
Liao Shumin
Hujiang Files to Become Hong Kong's First Education Stock

Hujiang Files to Become Hong Kong's First Education Stock

China’s leading online education platform Hujiang Education & Technology has filed for an initial public offering in Hong Kong, which…

Jul 4, 2018
Liao Shumin

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