Pine River Capital Management to start US$150m China fund
Pine River Capital Management, manager of one of the most profitable US hedge funds last year, will start a China fund with as much as US$ 150 million in October,…
Merchants Bank raises 27b yuan in Shanghai offering
China Merchants Bank said yesterday it had raised 27.5 billion yuan (HK$ 34.8 billion) in the Shanghai portion of a rights offer, paving the way for it to complete the…
Tenwow to use capital to increase production of self-branded products
Shanghai-based food and beverage maker Tenwow International says it wants to use fresh capital to increase production of self-branded products in the hope of boosting its gross margin and lowering…
China stocks rise as production grows
Most mainland stocks rose yesterday after an official report showed manufacturing strengthened last month, with machinery companies Zoomlion Heavy Industry Science and Technology and Sany Heavy Industry surging more than…
Analysts warn of free-trade bubble
Analysts are warning of a bubble on the mainland market as punters exploit the excitement over the Shanghai free-trade zone to drive up stock prices. Markets & Investing feed…
Open sesame may not work this time
Mainland internet giant Alibaba Group, which listed and then privatised its online trading subsidiary Alibaba.com has gained a reputation among some investors – if not an adoring public – for…
Chinese city banks in talks with key investors
Two city-level lenders, Huishang Bank and Bank of Chongqing, are in advanced stages of negotiations with cornerstone investors as they prepare to raise a combined US$ 2.5 billion through Hong…
China port shares rally, rise 10pc daily limit on free-trade zone talk
The shares of several mainland port operators, including Tianjin Port, rallied by the daily limit yesterday on speculation Beijing would allow more cities to join Shanghai in starting free-trade zones…
Funds industry wants more action on RQFII
Brokers and fund managers say Beijing’s recent expansion of a scheme to allow more Hong Kong-based financial firms to invest in mainland stock and bond markets has not gone far…
