Category: Markets

Fraudulent practices at some foreign investment banks were partly to blame for Chinese state-owned firms running up US$1.67 billion in derivatives losses last year, according to a senior official with the agency that oversees companies owned by the central government, Bloomberg reported. Li Wei, vice chairman of the State-owned Assets Supervision and Administration Commission (SASAC), […]

Beijing-based Concord Medical is ready to list on the New York Stock Exchange next week, where it aims to raise up to US$157 million from 12 million shares priced between US$9.50 and US$11.50, the Wall Street Journal reported. The company claims to operate the largest network of radiotherapy and diagnostic imaging centers in China. Concord […]

Xiamen-based department store operator PCD has revived its plans to go public and is seeking up to US$445 million in an initial public offering in Hong Kong, the Wall Street Journal reported. It had originally planned to hold an IPO, projected to raise US$407 million, in December of 2007, but its plans were shelved due […]