Beijing-based Wanda Cinema Line Co., Ltd. has filed for an IPO on the Shenzhen Stock Exchange to raise an estimated RMB2 billion (US$330 million) by issuing 60 million shares, according to a securities filing. The move comes after the company's earlier attempt for a float was denied in July by Chinese regulator because of insufficient […]

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Shanghai-based life sciences research product maker BBI Life Sciences Corporation has filed for an IPO in Hong Kong, without specifying the size or the timing of the initial offering, according to a regulatory filing. In 2010, Qiming Venture Partners invested RMB18 million (US$2.94 million) and RMB24 million (US$3.92 million) into the registered capital and capital […]

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Centre point of Hong Kong’s tent city is still a bustling hive of activity

Private courier service provider Beijing ZJS Express Co., Ltd. has received an undisclosed investment from an investor consortium led by Fosun Capital Group, according to Chinese media reports. China Merchants Securities, Haitong Securities, Hongtai Capital and Zhong Xinjian Merchants Equity Investment Fund also participated. After the completion of the deal, the five investors will hold […]

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Chinese venture firm Shenzhen Co-Win Venture Capital Investments Limited has held a US$75 million first close for its first U.S. dollar fund, according to Chinese media reports. The fund is targeting to raise a total of US$150 million. It has secured commitments from institutional investors including Singapore's Oversea-Chinese Banking Corporation Limited. Representatives at Shenzhen Co-Win […]

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Business confidence slipped for the second consecutive month in October, falling to an eight month low. The MNI China Business Indicator fell to 51.7 in October, a further deterioration from September’s sharp decline to 52.2, according to latest data jointly released by MNI Indicators and Deutsche Börse Group. While the indicator remains above the breakeven […]

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The Communist Party of China (CPC) will hold its 4th Plenum on October 20 to 23, and is likely to introduce a series of reform measures that will have significant impact on the Chinese economy and society in the coming years, says a BofA Merrill Lynch Global Research report. The 4th Plenum is supposed to […]

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Crowds take to Mongkok streets and push back officers to resume sit-in

Citi announced the implementation of its first RMB Cross-Border Auto Sweeping structure from China to London. This now allows Citi to offer live automated RMB cross-border sweeping in China, Hong Kong, Singapore and London. Citi's global concentration engine allows clients to sweep true end-of-day balances into London without any loss of value. This platform also […]