J.P. Morgan Chase & Co. hired the family and friends of executives at nine out of 12 major Chinese companies it took public from 2004 to 2013, The Wall Street Journal reported, citing a document compiled by the bank to submit to US investigators in April as part of a federal bribery investigation. The document lists […]
Category: Business Practice
Citic Securities has disclosed that the China Securities Regulatory Commission has notified it of a probe for suspected violations of securities rules, The Wall Street Journal reported, citing a statement to the Shanghai Stock Exchange. Recent months following the summer’s stock market rout had previously seen Beijing limit its investigations to employees of the country’s […]
HK Nicaragua Canal Development Investment Group, the firm slated to build a controversial US$50 billion canal across the entirety of Nicaragua, has delayed the start of construction until late 2016, The Associated Press reported. Wang Jing, chairman and chief executive of HKND Group who is using his personal fortune to help fund the Nicaraguan challenger to […]
The publisher of South China Morning Post, SCMP Group, has confirmed it is in talks with a third party concerning the possible purchase of its media assets, Reuters reported, citing a filing to the Hong Kong Stock Exchange. The announcement comes on the heels of a report from Bloomberg that claimed Jack Ma, founder and […]
Mainland brokerage Citic Securities admitted Wednesday to incorrect reporting that resulted in overstating total equity swap transactions between April and September during the height of China’s stock market volatility, The Wall Street Journal reported, citing an emailed statement from the company. The statement came a day after the Securities Association of China claimed it had […]