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GC Asia
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DSSI extension looms amid private sector absence
Expectations are building that the G20 Debt Service Suspension Initiative (DSSI), introduced to alleviate the debt burden of the world’s poorest countries in the face of the coronavirus shock, will be extended this winter.
04 Aug 2020 -
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 policy round-up: Politburo sets tone for H2 policies, Hong Kong bars 12 LegCo candidates, MoF tells governments to speed up bond issuance
In this round-up, China emphasises proactive fiscal policies and flexible monetary policies, Hong Kong disqualifies a dozen pro-democracy candidates from the upcoming legislative council election and the Ministry of Finance tells local governments to use up their special-purpose bond quotas by October.
31 Jul 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 -
People news in brief: July 30, 2020
SPDB loses investment banking head — MUFG names PF, ESG head for Oceania — Loans veteran Ooi moves to Sydney
30 Jul 2020 -
SPDB loses investment banking head
Yorkie Wong, head of investment banking at Shanghai Pudong Development Bank, has left the firm.
28 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
