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.
Chinese search engine Sogou, a Sohu.com subsidiary that counts Tencent Holdings as its biggest shareholder, is looking to list in the US in a move seen as a major step towards challenging the country’s market leader, Baidu.
China National Petroleum Corp has raised Rmb10bn (US$1.47bn) from a public offering of five-year exchangeable bonds, the largest such offering in the Chinese domestic market.
China National Petroleum Corporation is going out of its way to make a record Rmb10bn (US$1.47bn) sale of exchangeable bonds irresistible to investors after recent regulatory changes raised the bar on major share disposals.