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GC Asia
Latest RMB loans/equity news
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Companies line up for follow-ons as CSRC loosens rules
The Chinese regulator’s decision to loosen rules around follow-on offerings in the domestic market has brought a resounding vote of approval from corporations. In just four days, 46 companies have set out plans to tap the equity capital market.
19 Feb 2020 -
MSCI includes Star name in latest quarterly review
New York-headquartered MSCI has included a Star board listed company in its China-related indices, alongside well-recognised names such as Luckin Coffee and Zai Lab.
13 Feb 2020 -
Roborock scores highest listing price on record in China
Beijing Roborock Technology, a manufacturer of robotic vacuum cleaners, has sealed its Star board IPO at a hefty 58.76 times earnings ratio — the highest IPO price on record, not just on Star but also in the entire Chinese A-share market.
11 Feb 2020 -
First dual-class Star stock surges on debut
UCloud Technology Co, a cloud storage company, became the first Chinese dual-class share issuer to list in mainland China. The firm’s stock price jumped 120% on Monday.
21 Jan 2020 -
China's central bank keeps LPR unchanged
Contrary to market expectations, the People’s Bank of China kept both the one year and five year loan prime rates (LPRs) unchanged on Monday.
20 Jan 2020 -
Star board starts 2020 strong as pipeline builds
The appeal of China’s Star market shows no sign of waning, with seven issuers already pricing their IPOs on the board this month and more companies joining the pipeline.
15 Jan 2020 -
CSRC expands IPO review panel after January trim
The China Securities Regulatory Commission (CSRC) is adding 23 new members to its IPO review committee, almost a year after severely cutting the membership.
17 Dec 2019 -
UBS sponsors Haohai IPO, first for Star board
UBS Securities has become the first foreign-owned joint venture to sponsor a listing on Shanghai’s Star Market, where underwriters have to invest in the listings they bring to market.
31 Oct 2019 -
SSE sets dates for including dual-class shares in Stock Connect
The Shanghai Stock Exchange (SSE) published the eligibility criteria for Hong Kong-listed dual-class shares to be included in the southbound Stock Connect scheme.
21 Oct 2019 -
Trafigura closes $1.5bn dual-currency borrowing
Commodities company Trafigura has closed its annual dual-tranche borrowing, increasing the deal from $1bn-equivalent to around $1.5bn.
08 Oct 2019
