Daily archives: July 27th, 2016

FINTS EVENING HIGHLIGHTS (27 July 2016)

China’s shadow banking system continues to grow; overall leverage in China’s economy continues to rise, as credit growth outpaces nominal GDP: Moody’s Gao Ting, chief China strategist at UBS,said China may cut RRR 1-2 times…


CHINA STOCK MARKET ROUNDUP (27 JULY 2016)

China’s stock market closed sharply lower on Wednesday, with small-cap stocks diving in the late morning trading after domestic media reported that the regulator is to tighten restrictions on commercial banks’ wealth management products. By…


FOSUN BUYS BRITISH FOOTBALL CLUB WOLVES FOR 45 MILLION POUNDS

Chinese investment conglomerate Fosun Group announced on July 26 that it has fully acquired British Wolverhampton Wanderers, commonly known as the Wolves, for 45 million pounds. This is the second English football club that has…


CSRC TIGHTENING REGULATIONS AND SUPERVISION ON CORPORATE BONDS

Owing to the rise in corporate debts and potential for defaults since 2015, branch offices of the China Securities Regulatory Commission has been issuing regulatory announcements to securities companies nationwide in a move to tighten…


CHINA’S LEECO BUYS VIZIO FOR $2 BILLION

Chinese tech firm LeEco announced on Tuesday an agreement to buy American TV-maker Vizio for $2 billion, marking the biggest ever acquisition in the TV-set industry worldwide and LeEco’s first move to tap into the…


FINTS LUNCH TRAY (27 July 2016)

Beijing will increase down-payment requirements for the second non-ordinary commodity housing: BeiJing Daily Outstanding amount of margin financing in two exchanges as of July 26 increased 1.836 billion yuan to 884.151 billion yuan PBOC will inject…


CHINA’S PRIVATE INTERNATIONAL SCHOOL OPERATOR ACQUIRES SINGAPORE’S PROPERTY PROJECT

Maple Leaf Asia Pacific, a wholly-owned subsidiary of China Maple Leaf Educational Systems Ltd, one of China’s leading international school operators, agreed to acquire Lucrum Development at a maximum cash consideration of $68 million, according…


CHINESE STARTUPS ON DIGITAL HEALTHCARE RISING IN PROMINENCE

Chinese startups in the maternity and pediatric market have raised a lot of money from venture capitalists since the government abolished its one-child policy last year, betting that the policy change will create more demand…


SHANGHAI SEES RISE IN OFFICE VACANCY RATE DUE TO CRACKDOWN OF P2P FINANCIAL PLATFORMS

Real estate agency Savills predicts that the vacancy rate of Shanghai’s Grade-A office buildings would hit 13.3% by the latter half of 2017, as corroborated by other leading agencies arguing that vacancy rates would rise…


CSRC ALERTS MAINLAND INVESTORS TO RISK IN USE OF UNAUTHORIZED PLATFORMS TO TRADE OFFSHORE SHARES

The China Securities Regulatory Commission (CSRC) on Tuesday warned domestic investors against the use of unauthorized internet platforms and mobile apps to trade offshore shares. Recently, a number of mobile apps have emerged in mainland…


FINTS MORNING BRIEF (27 JULY 2016)

The China Securities Regulatory Commission requires securities companies to improve their corporate debt business system President Xi Jinping says that efforts will be made to accelerate structural reform and maintain a stable momentum of economic…