Citic Securities in equity sweet spot as investors flock to Chinese stocks
China’s largest brokerage reported big jumps in its revenue and profit during the third quarter amid a bull run in Chinese stocks and a wave of Hong Kong IPOs Key…
Turning car wrecks into hard cash, Boche eyes expansion
China’s biggest auction platform for salvaged vehicles has filed for an IPO to to pay for its plans, but is there room for growth in this niche market? Key Takeaways:…
CICC tarnished by due dilligence probe
The investment banking giant is under investigation over its role in a failed public offering by chip company S2C, which was found to have inflated its pre-IPO earnings Key Takeaways: …
Chifeng Jilong hitches a ride on market gold rush
Spurred on by a soaring gold price, the Chinese mining company has filed for a Hong Kong share listing to raise money to expand and upgrade production Key Takeaways: Chifeng…
FAST NEWS: Guotai Junan to merge with Haitong to create new leading brokerage
The Latest: Guotai Junan Securities Co. Ltd. (2611.HK; 601211.SH) announced Thursday it plans to merge with Haitong Securities Co. Ltd. (6837.HK; 600837.SH) via a share swap, while Guotai Junan will…
Hywin seeks new wealth outside sagging property market
The asset manager is diversifying beyond its traditional focus on property-linked investments for wealthy investors Key Takeaways: Hywin Holdings is diversifying beyond its real estate-focused wealth management business with moves…
Big Banks Test the Waters for New China Listings With QuantaSing IPO
The adult education specialist’s IPO underwriters include Citigroup, as well as two of China’s biggest investment banksKey Takeaways:Investment banking majors Citigroup and China’s CICC and CLSA are sponsoring a new…