Exchanges should forgo M&A activity, say experts
2011-07-07 14:31:14
A surge in mergers and acquisitions (M&As) of global financial exchanges will not happen in Asia during the next three to five years, despite a wave of worldwide cross-border cooperation, according to officials and analysts.
No state bailout needed for local debt
2011-07-07 11:17:25
China's trillions of yuan of local government debt do not need the central government’s bailout, a top Chinese banker said on Wednesday.
Chinese firms raise $1.9b in US
2011-07-07 11:14:00
Led by a number of Internet companies, Chinese IPOs surged in the US in the first half of this year, Modern Express reported Thursday.
Regulator tightens rules for approval of IPOs
2011-07-07 10:24:53
China's securities regulator has tightened its approval requirements for initial public offerings by companies in industries seen as having a high risk of financial irregularities, including restaurants and chain stores, industry sources told Reuters.
Sino-Forest delays tour of its assets; shares dive
2011-07-07 10:21:41
Embattled Chinese forestry company Sino-Forest said on Wednesday it has postponed a tour of its forestry assets because many analysts have halted coverage of the company.
China launches 20b yuan cultural private equity fund
2011-07-07 09:57:18
China has launched a government-backed private equity fund aiming to raise 20 billion yuan ($3 billion) to invest in cultural industries such as media publishing, film and broadcasting, Internet entertainment and leisure, the Shanghai Securities News reported on Thursday.
China to float 30 b yuan T-bonds
2011-07-07 09:55:51
The Ministry of Finance said Wednesday that it will sell 30 billion yuan ($ 4.64 billion) worth of book-entry treasury bonds this week
Stocks stumble on concerns with bad debt
2011-07-07 09:44:32
Stocks on the Chinese mainland fell for the first time in three days on speculation bank loans to local government borrowers will hurt profit and the European debt crisis may worsen.
China calls for attention to local debt
2011-07-07 09:10:00
The State Council, or the Cabinet, said Wednesday that local government debt is relatively heavy and has potential risks, which needs high attention.
China stocks waver modestly Wednesday
2011-07-06 15:42:07
The weakness of banking shares weighed on Chinese stock markets, pulling the benchmark indices in Shanghai and Shenzhen modestly lower to close on Wednesday.
China discusses allowing SEC probes
2011-07-06 15:37:56
Chinese officials and US will meet next week to discuss giving American securities regulators the right to investigate companies within China for the first time, Bloomberg reported Wednesday citing officials.
CCB shareholders seek $1.2b sale
2011-07-06 11:48:18
Two shareholders in China Construction Bank (CCB) are seeking to raise up to $1.22 billion by selling down stakes, IFR reported on Tuesday, citing a term sheet.
