Insurance companies in China spent Yn119m on television advertisements in the first four months of this year, 92 per cent more than in the same period of 2001, said CVSC-TNS Research. The top spenders were Ping An Insurance, People's Insurance Co of China, China Life, China Pacific Insurance and Germany's Allianz Group. In 2001, the […]
Category: Banking & Finance
Stock market regulators began in June to restrict the number of additional share offers in order to halt a slide in stock prices, South China Morning Post said. In the first five months of this year, 17 companies launched additional share offers and in May another 40 were waiting to do so. Analysts said that […]
Categories
First delisting under new rules
Stock market regulators in Shenzhen have delisted the first company under new rules that came into force at the start of the year, South China Morning Post said. Under the new rules, companies that post net losses for three consecutive years are suspended from trading and are delisted if they fail to turn a profit […]
The China Securities, Shanghai Securities News reported. Companies must not have external investments exceeding 50 per cent of the value of net assets, it said. The rule would also apply to the proceeds of listing and plans to use the proceeds to lift the value of external investments to morities and Regulatory Commission has set […]
Categories
Probe into bribes for IPOs
An investigation of officials in Jiangsu province alleged to have taken bribes in return for permission to make initial public offerings, has led to a number of top provincial officials receiving jail sentences of up to 11 years, the Financial Times said. The incidents occurred in the late 1990s when approvals for IPOs were controlled […]