The China Securities Regulatory Commission (CSRC), the country’s securities regulator, ordered Legend Holdings, a Chinese investment holding company, to fix information disclosure issues on Thursday, reports Reuters. The CSRC said in a statement that a regular on-site inspection found that the company released its 2020 annual report in Hong Kong earlier than it did in […]
Category: Investment
The People’s Bank of China, the country’s central bank, maintained a key policy rate on Friday, leaving most economists disappointed having expected a lowering of the rate to boost the economy during the current Covid outbreak, reports Bloomberg. The PBOC kept the rate on its one-year policy loans at 2.85% on Friday. Sixteen of the […]
The world’s biggest money manager BlackRock is expected to launch its first China ETF by the end of the year and has started to hire the requisite staff, according to two people with direct knowledge of the matter, reports Reuters. BlackRock, which thrives on the rise of passive investing with 70% of its $10 trillion […]
LVMH, the world’s largest luxury group, posted expectations-beating sales growth in Q1 2022 despite the reappearance of Covid-19 disruptions in the Chinese market, a key driver of sales growth, and the volatility caused by the war in Ukraine, reports the Financial Times. Helped by strong sales at its biggest brands Louis Vuitton and Dior, first-quarter […]
China’s biggest offshore oil driller, CNOOC, will let investors subscribe to its up to RMB 32.3 billion ($5.1 billion) Tuesday IPO in Shanghai, reports the South China Morning Post. The state-owned firm will sell 2.6 billion shares, 5.5% of its total share capital, at RMB 10.8 each and hopes to raise between RMB 28.1 billion […]