The Chicago Stock Exchange has won approval for a takeover deal by a consortium led by China’s Chongqing Casin Enterprise Group from the Committee on Foreign Investment in the US, or Cfius. The transaction, the first time that a Chinese-led group acquired a US bourse, still needs the green light from the Securities and Exchange […]
Category: Markets
A new link allowing cross-border stock buying between Hong Kong and the southern Chinese city of Shenzhen made a low-key debut on Monday, mirroring a weak start to the week for markets throughout Asia, Caixin writes. Trading volume over the Shenzhen-Hong Kong Stock Connect was slow on its first day, with only a small fraction […]
China is hitting the brakes on private placements of stock in the wake of signs that the equity financing method has been abused by many public companies, favoring selected investors with lower prices and hiding information from others. The amount of funds raised by listed firms from private placements in November has fallen to less […]
China’s renminbi slump has companies and individuals alike scrambling to move capital overseas, but it has not damped the enthusiasm of China’s equity investors, according to the Financial Times. The Shanghai Composite has been gradually rising since May. That is the opposite of what happened in August 2015 after China’s surprise renminbi devaluation caused an already falling market to […]
Steel and iron-ore prices in China plunged on Wednesday after exchanges there lowered the daily trading limit and raised margin requirements in an effort to curb speculation, The Wall Street Journal reports. Shanghai steel-rebar futures for delivery in December pared some losses in late Asia trade to close 5.1% lower at 3,044 yuan ($441) a […]