Search Results for: Hong Kong
Spain: a new destination for Chinese Investors
September 23rd, 2014
Strengthening commercial ties will be on the agenda when Spain’s prime minister, Mariano Rajoy, makes his first state visit to China. The purchase of the 25-story Edificio España by Mr. Wang’s conglomerate, the Dalian Wanda Group, for 265 million ...
Stocks end lower: Nasdaq off more than 1%
September 23rd, 2014
Wall Street took a sharp hit Monday as tech stocks plunged and Alibaba (BABA) fell more than 4% on its second day of trading after a blockbuster start on Friday. Investor concerns of a slowing Chinese economy also weighed ...
Galaxy Securities Says Staff Cooperating With Authorities
September 22nd, 2014
China Galaxy Securities Co. the top underwriter of Chinese corporate debt in 2011, said three employees were directed to cooperate with the nation’s judicial authority on matters the firm didn’t specify. Dai Xu, chief officer of the Beijing-based company’s ...
Dow sets record close as Fed says rates to stay low
September 18th, 2014
The Dow jumped to a record close Wednesday after the Federal Reserve reaffirmed that a key short-term interest rate will stay near zero for a “considerable time” after its bond-buying program ends next month. Investors have been eagerly awaiting ...
Alibaba raises IPO as demand strengthens
September 16th, 2014
Alibaba Group Holdings has raised its initial public offering to $66 to $68, demonstrating the high demand from investors for the year’s most anticipated debut and potentially the world’s largest-ever IPO. Alibaba has attracted investors willing to buy into ...
Sinopec to sell $17.4 billion stake to investors
September 15th, 2014
Shares in China Petroleum & Chemical Corporation, known as Sinopec, fell on Monday morning as markets reacted to the company’s plans to raise $17.4 billion by selling a stake in its nationwide chain of gas stations to outside investors. ...
China’s Tianhe denies overstating profits, cites investor support
September 11th, 2014
Tianhe Chemicals (1619.HK) has denied allegations that it made false statements in its initial public offering prospectus and said key investor Morgan Stanley Private Equity Asia (MSPEA) has given it full support. A report by Anonymous Analytics, which describes ...
U.S. regulator would welcome delay of EU clearing rules
September 10th, 2014
A top U.S. regulator said on Wednesday he would welcome a delay by the European Union that gave more time to resolve a conflict with Washington over making derivatives markets safer. Reuters reported last week that the EU is ...
Asian Equities Mixed on Soft Lead
September 9th, 2014
Asian indices were mostly higher on Tuesday amid light volumes as markets in South Korea and Hong Kong were closed for the Mid-Autumn Festival. Overnight in the U.S., Wall Street closed mixed with energy producers leading losses on oil’s ...
Legal fees for Alibaba IPO top $15.8m, beating Facebook
September 8th, 2014
Law firms advising on the $21bn mega IPO of Chinese e-commerce giant Alibaba are to split $15.8m in legal fees, as the Hangzhou-based company prepares to list on the New York Stock Exchange later this month. Legal Week first ...
