Shanghai Pharmaceuticals Holding Co Ltd (601607.SS) aims to raise at least 8 billion yuan ($1.21 billion) in a Hong Kong listing before the end of June, and will submit a listing application in Hong Kong this month, the South China Morning Post reported on Thursday.
Hong Kong stocks are likely to rise further on Thursday with traders expecting momentum to continue after the benchmark convincingly broke through short-term chart resistance on high volumes.
The market is often an anonymous place where you don't really know who is on the other side of your trade. Sometimes, however, it gets personal.
Shanghai has launched a pilot scheme allowing qualified foreign institutions to make private equity investment in China, marking an important step in the liberalization of China's capital markets.
Talking to people in the Chinese market over the weekend, writes Jeff Toshima, Tokyo director of the World Gold Council, in today's Nikkei Money, I was amazed to discover the number of gold saving accounts at Industrial and Commercial Bank of China has grown above 1,000,000 within a year of ICBC launching the service.
Gold prices rose in Europe on Wednesday, as a retreat in the dollar, rising oil prices and caution ahead of a sale of Portuguese bonds later in the day all boosted interest in the precious metal.
Hong Kong beat rivals Singapore and Australia to be rated the world’s freest economy for a straight seventeenth consecutive year, according to a ranking by US-based Heritage Foundation.
Goldman Sachs finally revealed how much money it makes from proprietary trading.
Text of Goldman Sachs 8-K filing showing 2010 earnings under new disclosure standards
Some market observers are extremely concerned about the impact of high-frequency trading upon the overall stock market.
A former technology analyst with Primary Global Research pleaded guilty on Tuesday to leaking confidential company information to hedge funds, part of the U.S. government's broad insider trading probe.
Goldman Sachs Group Inc , responding to pressure from shareholders, regulators and others, said it will disclose more information about how it makes money.
Traders are talking about buying dips again, concurs a Hong Kong dealer, noting that Asia physical market remains very tight for Gold Bars. Reuters says the Hong Kong premium for wholesale Gold Bars over benchmark London prices today held at $3 per ounce, a near 30-month high.
US stocks advanced in early trade on Tuesday as Alcoa kicked off the earnings season by beating forecasts, while Japan’s pledge to buy eurozone bonds eased concerns about eurozones debt.
Topics of this interview include Scott Carter highlighting the global dynamic of today's interest in gold, and how macro-economic trends continue to drive the decade long bull market of the precious metals. We also evaluate the possibility of seeing QE3 in 2011.
Dr. David Lynn, author of a book on commercial real estate investing in emerging market countries (specifically China, India and Brazil), shares his insights with IBTimes regarding why this class of asset is an attractive investment.
The Securities and Exchange Commission brought civil insider trading charges against the co-founder of a one-time $900 million hedge fund as part of the ongoing Galleon hedge fund probe.
For all its dilution and exceptions, the Volcker Rule is no joke and has prompted the exodus of prop traders from big banks like Goldman Sachs.
The Gold Price in Euros whipped within 1.5% of last month's all-time record highs in London trade on Monday, as weaker-economy Eurozone bonds fell sharply on a raft of bail-out rumors and leaks.
Fundraising by private equity firms globally is expected to increase 33 percent to over $300 billion in 2011 compared with last year, according to a study.
Online music sites are still around and still popular, as seen by the latest investment into SoundCloud, a Germany-based file sharing service.
Futures on major U.S. stock indices point to lower opening on Monday with futures on the S&P 500 down 0.58 percent, futures on the Dow Jones Industrial Average down 0.42 percent and Nasdaq100 futures down 0.40 percent.