Carlsberg Group reportedly purchased a 30.3% stake in joint venture partner Chongqing Brewery. The Danish brewer hopes to expand its presence in China's USD76 billion liquor market.
Tags: Shanghai Stock Exchange
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.
China manufacturing woes continue: PMI index slips below 50 pts
Several measures gauging the manufacturing industry activity are showing discouraging results. The latest manufacturing gauging index slipped below 50, which indicates the deceleration in the manufacturing industry, falling to 49.7 in August.
China markets plunge in record turnover as margin traders take fright
China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity.
Regulators approve international trading platform in Shanghai free trade zone
China's regulators have already given their assent for the creation of an international trading center in the free trade zone in Shanghai, Reuters reported citing the bourse's Chairman Gui Minjie.
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Chinese investment firm Sailing Capital Management has launched a USD821 million (CNY5 billion) cross-border buyout fund through Shanghai Sailing Industrial Capital, a subsidiary of the company.
China's biggest hydroelectric dam contractor Sinohydro Group Ltd. will be investing up to USD39.2 million in an hydroelectric project in Laos. The said company will also be investing USD724 million in a construction project in Shandong province.
China Merchants Bank Co. announced that it had raised USD27.5 billion listed on the Shanghai Stock Exchange.
Erroneous buy orders from Everbright Securities Co. prompted an early rally on China's bourse according to a securities regulator.
Hong Kong Exchanges Clearing Ltd (0388.HK) (HKEx) is forming a joint venture with mainland Chinese exchanges to develop index-linked and equity derivatives products in a sign of growing cooperation in the region.
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