In a step towards increasing the pricing power over globally traded commodities and opening up financial markets, China launched the yuan-dominated crude oil option contracts which are the first in the energy sector that are available to foreign investors, reported Caixin. On Monday, the contracts began trading on the Shanghai International Energy Exchange (INE) after […]
Category: Markets
The Chinese mutual fund markets saw the first publicly offered infrastructure-focused real estate investment trusts (REITs) on Monday, over ten years after the idea was initially suggested and subsequently mooted, reported Caixin. The new REITs debuted on the Shanghai and Shenzhen exchanges and differ from previous iterations by being focused on infrastructure projects rather than […]
Chinese market regulators have launched an antitrust probe into ride-hailing giant Didi Chuxing, days after the company started the procedures for what could be the biggest initial public offering (IPO) in the US this year, reported Reuters. The probe is the most recent in a wave of clampdowns on China’s so-called “platform” companies, including Alibaba […]
Didi Chuxing, China’s largest ride-hailing company, filed for its long-awaited initial public offering (IPO) in the US on Thursday, reported Caixin. The company is facing multiple impending regulatory challenges and the filing to the Securities and Exchange Commission revealed that Didi lost RMB 35.3 billion ($5.5 billion) over the last three years. In spite of […]
A spinoff of the the dairy giant Inner Mongolia Yili Industrial Group Co., China Youran Dairy Group Ltd., is seeking a HK$6.2 billion ($799 million) initial public offering (IPO) on the Hong Kong Stock Exchange, reports Caixin. Investors will be able to order shares from Monday, with the offering priced on June 10 and stock […]