China Postal Express and Logistics Co Ltd (EMS), the biggest integrated logistics service provider in China announced on Friday the withdrawal of its application for an initial public offering (IPO).
Tags: China Securities Regulatory Commission
NIFA Acknowledges China Rapid Finance As Founder Member
China Rapid Finance has been acknowledged as the founder member of NIFA. The recognition will enable CRF to work for publishing rules and regulations in developing self-disciplined online lending marketplace in China. CRF expects the official release of such rules and regulations will exert positive impact and eventually confirm the industrial development .
Reorient Group Joint Ventures $457 Million Investment Firm In Shanghai
Reorient Group Ltd. has reportedly formed a $3 billion yuan ($457 million) joint venture with partners. The Shanghai based proposed Joint Venture (JV) firm, Yunfeng Securities Co., will have a registered capital of 1 billion yuan. The JV entity will go operative subject to receipt of approval from China Securities Regulatory Commission.
Head of China Securities Regulatory Comission To Step Down
Chairman of China Securities Regulatory Commission (CSRC) was reported to offer his resignation. Xiao Gang handed his resignation last week following a failure in executing circuit breaker system in China stock markets.
Following Turbulence in China, Asian Stocks Stumble and Rand Sinks
Asian market hit a worst week starting the 2016 trading. Global market also slipped following the turbulence in China.
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On Saturday, the Chinese State Council said that it has instructed the China Securities Regulatory Commission to life the approval restrictions on small and medium-sized companies with less than 200 shareholders.
After a 14-month freeze on initial public offerings, the China Securities Regulatory Commission said it expects a resumption of public listings by January next year.
China's securities regulator could streamline its approvals process for some initial public offerings by next January, the regulator said on Saturday, mapping out reform measures.
Xiao Gang, head of the China Securities Regulatory Commission, said the new reforms planned by the government on public share sales will increase the role of free market forces.
The China Securities Regulatory Commission approved the application of China Everbright Bank Co to hold a share sale overseas and raise USD 2 billion.
China Securities Regulatory Commission had ended an 18-year trading hiatus on Treasury bond futures, said a Bloomberg report.
In a bid to appease investors, private equity firms in China would be resorting to selling off its maturing assets to return profits while waiting for the reopening of the mainland's IPO listing market.
China announced handing over audit documents of Chinese firms listed on the US stock exchanges to the United States regulators.
China's Securities Regulatory Commission became stricter as its new Chairman, Xiao Gang aims to tackle fraud crack down to protect investors.
