The ongoing cash crunch at Chinese banks may be partly behind reports that a trio of regional banks are aiming to make IPOs in Hong Kong, with Bank of Shanghai, Huishang Bank and CGB all aiming to list in the second half of the year. These regional lenders may also be losing patience while waiting for China to lift a freeze on new IPOs that dates back to last year, which has led to a backlog of dozens of companies that want to make offerings. The China Securities Regulatory Commission (CSRC) had been giving signals that it could soon lift the freeze, though it may change its mind if the current sell-off on Chinese stock markets continues. Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 18. To view a full article or story, click on the link next to the headline.
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eBay (Nasdaq: EBAY) To Become First Foreign Financial Payments Licensee (Chinese article)
New statements from 2 of China’s top 4 banks indicate a recent share buyback by their state-owned controlling stakeholder is done, raising the question of just how effective the program was and whether we might see more similar buybacks soon. Based on my own quick analysis, the program does seem have had some limited positive effect, with Shanghai-listed shares of both ICBC (HKEx: 1398; Shanghai: 601398) and Agricultural Bank of China (HKEx: 1288; Shanghai: 601288) outperforming the market over the last 6 months during the program period. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 12. To view a full article or story, click on the link next to the headline.
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Yum (NYSE: YUM) Says Bird Flu Hits China April Sales; March Down (English article)
Commerce Dept Finds Chinese Solar Importers Evading Duties (Businesswire)
Games Contribute 88 Pct of China Mobile (HKEx: 941) App Store Revenues (English article)
ICBC (HKEx: 1398) Announces Completion of Buy-Back By Central Huijin (HKEx announcement)
Dell (NYSE: DELL) Greater China President Yang Chao Resigns (Chinese article)
