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Luckin faces penalties as Chinese regulators step in
The Chinese Ministry of Finance and two other national regulators have concluded their investigations into fraud at Luckin Coffee. They will now impose administrative penalties.
03 Aug 2020 -
The week in review: China extends AM rule deadline, MoF to penalise Luckin, Ant faces possible antitrust probe ahead of listing
In this round-up, Chinese financial institutions are given another year to comply with new asset management rules due to the Covid-19 pandemic, Luckin Coffee will be punished by the Ministry of Finance for inflating its sales figures, and Ant Group faces a potential antitrust probe that could derail its upcoming jumbo IPO.
03 Aug 2020 -
China markets round-up: July PMI expands, TikTok under US scrutiny, Covid-19 vaccine producer goes to Star
In this round-up, China’s July Purchasing Managers’ Index (PMI) numbers indicate recovery, Chinese video-sharing company TikTok is under a US national security review and Hong Kong-listed CanSino Biologics is set for a secondary listing on Shanghai’s Star board.
31 Jul 2020 -
Neeq disappoints as debut shares tumble
A new scheme launched by China’s National Equities Exchange and Quotations (Neeq) got off to a poor start this week. Around two-thirds of the 32 companies listed on the ‘selection tier’ board fell on their trading debuts. That was a sharp contrast to the opening day of a local rival, the Shanghai Star board.
28 Jul 2020 -
The week in review: China’s June industrial profit growth accelerates, CSRC amends information disclosure requirements, finance minister warns against government debt risk
In this round-up, China’s industrial profits jump for a second consecutive month, the securities regulator tweaks requirements around information disclosure by listed companies, and the Chinese finance minister says the country must continue to keep government debt risk at bay.
27 Jul 2020 -
China market round-up: CICC triples A-share IPO size, HKMA says it’s business as usual, PBoC rejigs green finance definition
In this round-up, China International Capital Corp plans to boost the size of its Shanghai IPO, the Hong Kong Monetary Authority plays down the impact of the national security law, and the People’s Bank of China revamps green criteria.
24 Jul 2020 -
Car faces engine trouble as buyout tumult hits prices
Chinese auto rental company Car Inc’s stock price and outstanding bonds took a hit this week as two of its major shareholders struggled to offload the company’s shares. Addison Gong reports.
23 Jul 2020 -
SGX, Nasdaq double down on IPO link
Singapore’s stock exchange and Nasdaq have extended a partnership for dual listings on the bourses with an agreement to co-operate on regulatory matters.
22 Jul 2020 -
Car Inc’s shares, bonds fall on ownership tumult
Chinese auto rental company Car Inc’s stock price and outstanding bonds took a hit this week as two of its major shareholders struggled to offload the company’s shares.
21 Jul 2020 -
Chinese regulators take over nine companies
Two of China’s most powerful financial market regulators have brought a group of nine companies under state control.
20 Jul 2020
