Daily archives: August 5th, 2016

Fints evening highlights (5 August 2016)

Everbright Securities Co. has secured commitments from eight cornerstone investors for its up to $1.2 billion Hong Kong share offering; The cornerstone commitments will make up about 70 percent of the deal value, according to…


Bright future ahead for nuclear energy graduates in China

Even though 2016 marks another year that growth of the Chinese economy has relatively slowed down and new college graduates would be affected by the downturn, graduates from nuclear energy related programs remain unfazed. According…


China Evergrande’s acquisition in Vanke alters significant shareholder landscape

As of market close on August 4, China Evergrande Group acquired a total 4.68% in Vanke for 9.11 billion yuan, making it the fifth largest shareholder in the latter and jacking up Vanke’s share prices…


China stock market roundup (5 August 2016)

China’s stock market closed lower on Friday, with main indexes moving in and out positive territory in a narrow-band trading. By the close, the Shanghai Composite Index shed 0.19%, at 2,976.7 points, while the Shenzhen…


Celebrities making a fortune off listed companies

According to the Shenzhen Stock Exchange’s most recently revised guideline on July 14, listed companies engaged in the broadcasting industries should actively disclose information relevant to entertainers involved in companies’ shareholding structures, in order to…


FINTS LUNCH TRAY (5 August 2016)

Chinese social media giant WeChat on Thursday announced it is entering the New Zealand payments market with its automatic payment app. WeChat said it will work together with New Zealand company Pure NZ Gateway to…


SPD Bank extends coverage for unauthorized credit card payments

Shanghai Pudong Development Bank (SPD) has released a credit card defraud plan at the end of July, reportedly catering to all of its credit card users who are, or will be potentially affected by unauthorized…


FINTS MORNING BRIEF (5 August 2016)

The head of a state-owned commercial bank says that PBoC’s policy to support private investment is hard to implement because a great many small and medium-sized private enterprise are either unqualified to get a loan…