China
Deals of the day
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
"China's Craigslist" 58.com debuts on NYSE
Chinese online classifieds marketplace 58.com would be selling American Depository Shares (ADS) at USD17 apiece starting today on the New York Stock Exchange.
Solar industry posted gains after years in the dark
The solar industry has gained ground in stock exchanges for two consecutive years, outpacing tech companies.
The Basel group drafts new bank trading-book rules
The Basel Committee on Banking Supervision overhauled its current bank-trading book rules for banks.
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Deutsche Bank China was granted an interbank bond settlement license. An interbank bond settlement agent license was obtained by Deutsche Bank China from the People's Bank of China.
Beijing-based wind farm operator China Longyuan Power Group Corp won a bid to jointly develop wind farms with local companies in South Africa.
Private equity firms had been seen selling its ownership stakes in small and medium companies in China to gain back equity.
CVC Capital Partners would be acquiring a 69% ownership stake in Chinese restaurant chain South Beauty Investment Co Ltd for USD300 million, sources said.
An anonymous People's Bank of China (PBOC) official had met with local money dealers in the bank's efforts to stave off investor worry about rising short-term rates.
A stockholder of NQ Mobile Inc filed a case against the Chinese firm for incurring losses after a research report said NQ had inflated its revenues.
General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.
After accepting Yue Xiu Group's takeover bid, shares of Chong Hing Bank dropped the most in five weeks.
Despite saying the deal is finalized, a Dongfeng executive said it may take a bit more time before its completion.
Henan Dayou Energy said the country's regulators were investigating them for disclosing information illegally.