PICC Property and Casualty, raised US$693 million in the largest Hong Kong IPO this year. The IPO gave the mainland insurer a market capitalization of nearly US$2.5 billion. The insurance fi... Read more
HSBC Holdings said it had obtained approval to expand its RMB business in China to Qingdao, Tianjin and Guangzhou. HSBC has been providing RMB banking in Shanghai and Shenzhen since the late... Read more
The central province of Hunan has decided to shelve a plan to sell large stakes in about 30 of its state-owned listed companies. The decision was taken after the central government and the s... Read more
A three-year ban on initial public offerings in Shenzhen could soon be lifted, said Zhang Yujun, president of the city's stock exchange. Recent statements emanating from Beijing made him... Read more
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