Thursday, April 24, 2014
BIZ >> Comments
Source: Agencies Published: April 24, 2014 20:58
Since assuming power, China’s new leadership has focused on curbing official excess, enforcing discipline and combating corruption. Its latest crackdown on graft, especially, has been the fiercest and most sustained since reforms began over three decades ago.
Source: Reuters Published: April 24, 2014 20:53
WH Group’s chopped IPO looks unappetising. The mainland pork producer is slashing the size of its Hong Kong fundraising to as little as $1.3 billion, down from a previous target of at least $3 billion. But WH Group’s reluctance to accept a lower price means the IPO remains a tough sell.
Valuation worries cast shadow over Weibo
Source: Global Times Published: April 24, 2014 20:53
Weibo closed at $20.24 last Thursday, 19 percent above its US IPO price after slashing its offering size in an attempt to overcome tepid demand for momentum stocks. It continued to pop 11.7 percent on the second trading day. As investors are concerned about its long term performance, Weibo’s stock p...
Source: Reuters Published: April 24, 2014 20:53
“We do believe that the SEC and the other administrative agencies have been a major stumbling block to passing this legislation.”
M&S's China shake-up hints at localization woes
Source: Global Times Published: April 24, 2014 20:53
British retailer Marks & Spencer (M&S) came under the spotlight recently thanks to reports that it plans to close several of its Chinese stores due to its declining performance in the country. At the same time, the retail giant said it will continue to “treasure” China as one of its top internationa...
Source: Global Times Published: April 23, 2014 21:23
Looking ahead over the near- to mid-term, analysts expect China’s stock market to heat up as the country’s property market starts to cool.
Source: Reuters Published: April 23, 2014 21:23
“New GM’s recall covenant does not create a basis for the plaintiffs to sue new GM for economic damages relating to a vehicle or part sold by old GM.”
New tools open doors to high-quality education
Source: Global Times Published: April 23, 2014 21:23
Countries need skilled and talented people to generate the innovations that underpin long-term economic growth. This is as true in developed as it is in developing economies. But it will not happen without investment in education and training. If we are to end poverty, reduce unemployment and stem r...
Source: Global Times Published: April 23, 2014 21:23
A basic institutional framework supporting China’s immovable property registration system will be completed by the end of 2014, with full implementation slated to kick off in 2016, according to recent statements from the Ministry of Land and Resources.
Next round of IPOs could reinvigorate markets
Source: Global Times Published: April 23, 2014 21:18
Over the past week, the China Securities Regulatory Commission (CSRC) has posted listing prospectuses from 65 companies on its official website. Although the securities regulator has not announced when or whether it will approve any of these listing proposals, this move sends a strong signal that au...
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