Market News/Regulation - All articles
The week in review: China finalises Star market follow-on rules, NDRC extends bond issuance approval deadline, JD Digits kicks off pre-IPO education
In this round-up, regulators release official guidelines for follow-on offerings in the Nasdaq-style Star market, issuers of onshore ‘enterprise bonds’ get an extension on their regulatory approvals, and a financial unit of JD.com starts pre-listing education for its Star debut.
China markets round-up: Local governments asked to recapitalise smaller banks, Bond Connect celebrates three-year anniversary, Luckin fails to ouster chairman
In this round-up, local governments are encouraged to use debt raised to improve smaller lenders’ capital ratio, the Bond Connect scheme launched three years ago helps foreign holding in Chinese bonds to top Rmb2.6tr, and Luckin Coffee’s Lu Zhengyao holds on to his chairman role.
Lu Zhengyao will remain chairman of Chinese chain Luckin Coffee after a vote to remove him went in his favour.
Shanghai Clearing House’s plan to show issuers a full list of their investors is causing alarm among some syndicate bankers — who admit to using highly questionable bookbuilding practices to impress their clients. Rebecca Feng reports.