Markets

CSRC Lowers Ratings of 29 Brokerages; Southwest Securities Slips Six Levels

CSRC Lowers Ratings of 29 Brokerages; Southwest Securities Slips Six Levels

The China Securities Regulatory Commission released this year’s ratings for brokerages, lowering the grades of 29 of them from last year.…

Aug 15, 2017
Liao Shumin
Sunac Pledges Its 170 Million LeTV Shares to Repay Bonds Worth USD283 Million

Sunac Pledges Its 170 Million LeTV Shares to Repay Bonds Worth USD283 Million

Leading Chinese residential property developer Sunac China Holdings Ltd.’s [HKG:1918] subsidiary Tianjin Jiarui Huixin Corporate Management Co. has pledged all of its 170 million shares in LeEco’s listed…

Aug 15, 2017
Liao Shumin
Leading Chinese Paper Company Sees First-Half Profits Soar 451%

Leading Chinese Paper Company Sees First-Half Profits Soar 451%

Shanying International Holdings Co. [SHA:600567], a leading Chinese company engaged in the manufacture and distribution of paper products, has released its financial report for the first half…

Aug 15, 2017
Liao Shumin
China’s Largest Antibiotic Producer Posts Over 20% Fall in H1 Net Profit

China’s Largest Antibiotic Producer Posts Over 20% Fall in H1 Net Profit

(Yicai Global) Aug. 15 -- North China Pharmaceutical Co. [SHA:600812] saw an over 20 percent slump in net profit in…

Aug 15, 2017
Zhang Xia
Kweichow Moutai Stock Rises Above USD74.98 to Highest Price Seen on A-Share Market in 20 Years

Kweichow Moutai Stock Rises Above USD74.98 to Highest Price Seen on A-Share Market in 20 Years

The share price of Chinese liquor maker Kweichow Moutai Co. [SHA:600519] hit a new high today of more than USD74.98…

Aug 14, 2017
Chen Juan
Short-Video Maker Ergeng Raises USD15 Million in B+ Round Financing

Short-Video Maker Ergeng Raises USD15 Million in B+ Round Financing

Short video maker Hangzhou Ergeng Network Technology Co. has raised USD15 million (CNY100 million) in its B+ round financing, led by Yunfeng Capital and with Source Code Capital participating.

Aug 14, 2017
Chen Juan
Wanda Hotel Development Shares Soar Nearly 50% to 52-Week High

Wanda Hotel Development Shares Soar Nearly 50% to 52-Week High

The price of shares in Wanda Hotel Development Co. [HK:0169] (WHD) increased 48.68 percent to a 52-week high in early…

Aug 14, 2017
Chen Juan
CSRC Investigates Er-Kang Pharmaceutical for Unlawful Disclosure; Three Funds De-Rate Its Stock

CSRC Investigates Er-Kang Pharmaceutical for Unlawful Disclosure; Three Funds De-Rate Its Stock

The China Securities Regulatory Commission is investigating drug and pharmaceutical ingredient maker Hunan Er-Kang Pharmaceutical Co. [SHE:300267] over allegations of unlawful information disclosure.…

Aug 14, 2017
Zhang Xia
Regulator Punishes A-Listed Company’s Controlling Shareholder for Stock Manipulation

Regulator Punishes A-Listed Company’s Controlling Shareholder for Stock Manipulation

As China Securities Regulatory Commission (CSRC) strengthens supervision over insider trading and stock price manipulating, its punishment cases are…

Aug 14, 2017
Zhao Xingwei
PCCW Media Secures USD110 Million Investment From Foxconn, Temasek and Other Backers

PCCW Media Secures USD110 Million Investment From Foxconn, Temasek and Other Backers

Hong Kong-based PCCW Media Ltd. said it has secured a USD110 million investment from backers including Foxconn Technology Group [TWSE:2317],…

Aug 11, 2017
Chen Juan
MSCI to Add Six Stocks to Its China A-Share Index, Remove Three Others

MSCI to Add Six Stocks to Its China A-Share Index, Remove Three Others

MSCI Inc. [NYSE:MSCI] said in its August index assessment report that it will add six stocks, including Focus Media Information…

Aug 11, 2017
Dou Shicon
Rallying Yuan, Favorable Bank Rates Draw Foreign Investors to China’s Bond Market

Rallying Yuan, Favorable Bank Rates Draw Foreign Investors to China’s Bond Market

A growing number of foreign investors have entered China’s bond market, tempted by a rallying yuan and rates at Chinese…

Aug 11, 2017
Zhou Ailin and She Qingqi

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