Listed mainland companies who have bought back shares to bolster prices must wait six months before reselling, according to new guidelines as authorities continue to seek ways to shore up market confidence. Under the new rules, published late last week by China’s two main stock exchanges, publicly traded firms will also be able to raise […]
Category: Investment
The music arm of China’s social media and gaming giant Tencent is expected to go public on December 12, people familiar with the matter told the Financial Times, defying markets’ recent bearishness on Chinese tech firms. According to one source, the roadshow for the IPO will begin after the G20 summit next week in Buenos […]
There is no certainty on how anything is going to go if it involves Donald J. Trump, but the peripheral evidence suggests the U.S. is going to hold to its a hard line on China at the G20 meetings next week. And if he was to pull some trick during the meeting to claim victory, […]
RED FLAGS
The Shanghai and Shenzhen stock exchanges have made proposals to reduce the time that listed companies can suspend their shares, Bloomberg reports, amid concerns that some firms are using the tool to avoid volatile markets. Trading halts to allow for restructuring will be limited to 10 days if the proposals are confirmed, according to the […]