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GC Asia
Latest RMB loans/equity news
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Kangde Xin gets the boot from Shenzhen bourse
Defaulted bond issuer Kangde Xin Composite Material Co is expected to be delisted from the stock exchange of Shenzhen next month, a move that will end an over two year probe by Chinese regulators into the company.
07 Apr 2021 -
Megvii sets Rmb6bn Star CDR listing in motion
Alibaba Group Holding-backed artificial intelligence company Megvii Technology has officially filed for a Rmb6bn ($922m) listing of Chinese depository receipts on Shanghai’s Nasdaq-style Star board.
15 Mar 2021 -
Shenzhen stock move step in right direction for China
Chinese regulators have made a long overdue move to reduce the number of boards at the Shenzhen stock exchange. That points to a greater commitment towards streamlining the country’s sometimes confounding capital markets.
09 Feb 2021 -
Lenovo, Megvii plan CDR listings in Shanghai
Lenovo Group and Megvii Technology are planning to sell Chinese depository receipts (CDRs) on the Nasdaq-style Star market in Shanghai.
13 Jan 2021 -
China moves ahead with delisting reform
The stock exchanges in Shanghai and Shenzhen have introduced new regulations to forcibly delist companies, fast-tracking the process and giving more clarity about the various scenarios that can push firms to exit the bourses. There are loopholes, however, and the true impact of the regime on China’s equities market will probably be limited, writes Addison Gong.
07 Jan 2021 -
Shanghai, Shenzhen launch delisting reform
The stock exchanges in Shanghai and Shenzhen have heeded increasing calls from the market for a revision to their delisting rules by introducing tougher measures and a faster process to remove companies from their bourse.
05 Jan 2021 -
Evergrande abandons A-share backdoor listing
China Evergrande Group has abandoned a backdoor listing plan for its property arm and flagship subsidiary Hengda Real Estate on the Shenzhen exchange, ending a reorganisation that started four years ago.
09 Nov 2020 -
China stuns market by halting Ant IPO at the eleventh hour
The Shanghai Stock Exchange stunned the market on Tuesday by halting Ant Group’s $34bn IPO, set to be the largest listing in history, just two days before the company’s planned stock market debut. The extraordinary move is expected to delay the listing by at least six months. It will also force investors to revalue the company, write Jonathan Breen and Addison Gong.
05 Nov 2020 -
China pulls plug on Ant Group IPO
The Shanghai bourse stunned the market on Tuesday after halting Ant Group’s $34bn IPO, a deal which was set to be the largest listing in history. The extraordinary move, likely spurred by comments from Ant’s co-founder Jack Ma that criticised authorities for stifling innovation in China, is expected to delay the listing by at least six months. It will also force investors to revalue the company.
04 Nov 2020 -
Ant gets record retail interest for Star IPO
A record number of retail investors in China fought for the Shanghai portion of Ant Group’s landmark dual listing this week, channelling Rmb19tr ($2.83tr) of orders into the world’s largest IPO.
30 Oct 2020
