Daily archives: July 20th, 2016

FINTS EVENING HIGHLIGHTS (20 July 2016)

The EU is mulling over conditionally granting China market economy status: FT Fosun International is to complete its purchase towards Wolves Club in a deal worth of about 5 million pounds: Daily Telegraph China will expand its…


ONLINE PLATFORMS AND INVESTORS EYE CASH-FOR-ANSWERS PRODUCTS

Wang Sicong, son of China’s richest man Wang Jianlin – chairman of property developer Dalian Wanda Group, charged 4,999 yuan on a question-and-answer platform Fenda for a candid response to explain how he could tell…


COFCO STREAMLINES OPERATIONS AFTER MERGER WITH CHINATEX CORP

Last week, China’s State-owned Assets Supervision and Administration Commission announced that state-owned Chinatex Corp will be integrated into China National Cereals, Oils and Foodstuffs Corp, and become a wholly-owned subsidiary of the latter. After the…


GSK RECEIVES APPROVAL FOR CERVICAL CANCER VACCINE FROM CHINA’S

Pharmaceutical giant GlaxoSmithKline (GSK) has received the first China Food and Drug Administration approval for a human papillomavirus vaccine (HPV) aimed at combatting cervical cancer on July 18. Dubbed Cervarix, the vaccine will reportedly be…


CHINA STOCK MARKET ROUNDUP (20 JULY 2016)

China’s stock market closed down on Wednesday, with main indexes moving in and out positive territory in a narrow-bound session. By the close, the Shanghai Composite Index edged 0.29% lower, to 3,027.9 points, while the…


FINTS LUNCH TRAY (20 July 2016)

70% of listed companies in China’ Growth Enterprises Market predicted to be profitable in second-quarter reports, and the average p/e ratio stands at 78.5 times: Securities Time China’s securities regulators are assessing the report submitted…


CHINA EASES RULES FOR FOREIGN INVESTORS IN FTZs

Beijing further relaxes restrictions on foreign investment in the mainland’s four free-trade zones (FTZs), allowing foreign investors to set up solely-owned enterprises in a number of fields, including iron and steel production, mine gas operations,…


VANKE CALLS FOR REGULATORS TO INVESTIGATE BAONENG’S ASSET MANAGEMENT PROGRAMMES

In its latest revolt against control by Baoneng Group, China Vanke Co has submitted a report to the country’s securities regulators on Tuesday, accusing asset management programmes (AMPs) of its largest shareholder of violating relevant…


FINTS MORNING BRIEF (20 JULY 2016)

At a meeting on non-governmental investment, Primer Li Keqiang calls for more forceful guidance to channel social capital away from sectors distressed by over capacity The Shanghai Stock Exchanges is set to extend trading hours…