Ken Wang covers China's ECM and the equity-linked market for IFR. Before joining Thomson Reuters IFR in January 2011, he worked as a stock editor for China Finance Online.
Last Monday, the state-run Xinhua News Agency reported that Ezubo, a peer-to-peer lending company in Anhui, had conned investors out of over Rmb50bn (US$7.61bn) through a Ponzi scheme.
Private share placements accounted for a record Rmb671bn (US$102bn) of capital raising in 2015, easily outpacing the Rmb177bn raised from IPOs after regulators blocked new listings for four months, according to statisti
Effective January 1, banks in charge of preparing and scrutinising initial public offerings, known as sponsors, are now immediately liable if investors lose money as a result of false or misleading information in the listing material.