Profits should be used to replenish their capital bases first, says CSRC
China’s securities regulator yesterday said that it hopes the big banks choose to use their profits to replenish their capital base first.
“The big banks should use their profits first for refinancing,” Zhu Congjiu, assistant to chairman of the China Securities Regulatory Commission (CSRC) said [...]
China International Capital Corp (CICC) topped the rankings of the underwriters of China’s initial public offerings (IPOs) in 2009, making an estimated 1.23 billion yuan from fees, Bloomberg data showed.
The earning of the country’s largest investment bank was boosted by underwriting the China State Construction Engineering Corp’s 50.1 billion yuan IPO, the world’s second-largest in [...]
The Shanghai Stock Exchange (SSE) is expected to outplay Hong Kong as the world’s number one center for initial public offerings (IPOs) in 2010, the China Daily reported on Tuesday.
The forecast is part of a report by accounting firm Ernst & Young, saying that the SSE will raise 380 billion yuan (55.6 billion U.S. dollars) [...]
China Longyuan Power Group Corp Ltd, Asia’s largest wind power generator, plans to raise up to HK$17.1 billion (US$2.2 billion) from a Hong Kong initial public offering (IPO), sources close to the deal said on Sunday.
Longyuan is a major subsidiary of China Guodian Corporation, one of China’s five largest power generation groups. The company is [...]
Global risk and business consulting firms are eyeing China’s IPO market for significant new business opportunities, especially at a time when the country has just launched its NASDAQ-style trading board ChiNext, China Daily reported Monday.
Protiviti, a U.S.-based business consulting and internal audit firm, is working with a number of companies that are preparing themselves to [...]
China Minsheng Banking Corp., the mainland’s leading non-state-owned bank, launched an initial public offering on the Hong Kong stock market on Friday to raise around 30 billion HK dollars (3.9 billion U.S. dollars).
The bank was offering 3.32 billion new shares at 8.5-9.5 HK dollars per share, or 15 percent of its enlarged share capital, to [...]
