Daily archives: July 21st, 2016

FINTS EVENING HIGHLIGHTS (21 July 2016)

China Vanke said in a statement filed with the Shenzhen stock exchange that it plans to invest 3.9 billion yuan to set up an acquisition platform with Blackstone The operator of China’s New Three Board…


CHINA TO EXPAND RAIL NETWORK TO 150,000 KM BY 2020

China will expand its railway network to 150,000 km by 2020, including 30,000 km of high-speed rail (HSR) and covering more than 80% of major cities nationwide, said the country’s top economic planner National Development…


LARGE NUMBER OF SME’S ACCOUNTS HACKED ON BAIDU

Since the beginning of this year, a large number of small and mid-sized enterprises using Baidu’s promotion services have found their accounts to be hacked, according to recent media report by the 21st Century Business…


OCEANWIDE BECOMES SECOND LARGEST SHAREHOLDER OF MINSHENG BANKING

China Minsheng Banking Corp. said in a statement on July 20 that its vice chairman Lu Zhiqiang has increased his stake in the company to 4.61% as of July 15, in line with previous Chinese…


CHINA STOCK MARKET ROUNDUP (21 JULY 2016)

China’s stock market closed mixed on Thursday, with small-cap stocks in Shenzhen reversing early rises to dive in the afternoon trading. By the close, the Shanghai Composite Index were 0.37% higher, to 3,039.01 points, while…


FINTS LUNCH TRAY (21 July 2016)

PWC forecasts 120 IPOs will be issued in mainland China in the second half of the year, flat with the first half: Securities Time Lawyers employed by Ju Shenghua, Baoneng Group’s unit, said Vanke’s accusation has…


CHINA’ BIGGEST FILM DISTRIBUTOR PLANS TO RAISE 4 BILLION YUAN IN SHANGHAI

According to a prospectus filed with the Shanghai Stock Exchange by China Film Co. on July 20, the biggest film distributor in mainland China is planning to issue up to 467 million A-shares to raise…


CHINA MOBILE SIGNS RECORD HIGH OF FIXED-LINE BROADBAND SUBSCRIBERS IN JUNE

China Mobile, one of China’s dominant telecom providers and the world’s largest wireless network provider by number of subscribers, signed a record high of monthly subscribers in June. In particular, it signed 3.189 million fixed…


THREE CHINESE REAL ESTATE COMPANIES LAND ON FORTUNE GLOBAL 500 LIST FOR FIRST TIME

China’s Vanke, Wanda and Evergrande made their debut on the Fortune Global 500 list thanks to the revival of China’s property market since last year. The ranking of the List of Fortune 500 Companies are…


FINTS MORNING BRIEF (21 JULY 2016)

The State Council passes a specific plan for national science and technology innovation and pledges more protections for intellectual property The National Development and Reform Commission is set to press ahead with diversified ownership reform…