Ken Wang' s stories
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China Unicom gets US$12bn fundraising back on track
China Unicom is pressing ahead with a landmark equity fundraising plan that will set a precedent for the introduction of private capital into state-owned enterprises, after receiving a critical waiver from regulators.
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Baidu rival Sogou sets sights on US IPO
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.
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CNPC seals Rmb10bn EB offering
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.
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CNPC sugar-coats record issue
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.
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Best's US IPO aims to overdeliver
Best, a Chinese logistics company with Alibaba Group as the largest shareholder, is preparing to launch the biggest US IPO from China since rival ZTO Express made a dismal debut last October.
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CRCC eyes up to US$2bn from Shanghai, Hong Kong share sales
China Railway Construction Corporation is studying the possibility of selling new shares in Shanghai and Hong Kong to raise as much as US$2bn, according to multiple sources familiar with the situation.
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China broker pays up for fraud
Industrial Securities has offered to compensate investors for at least 60% of losses linked to a fraudulent IPO it sponsored in 2014, providing a reference point for other brokers looking to quantify potential liabilities related to A-share listings.
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China's IPO funds feel the pain
A slowdown in the pace of mainland listings is forcing some of China’s IPO-focused funds to throw in the towel.
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Regulator expands share-sale ban
China has tightened its restrictions on share disposals, dealing another blow to the country’s struggling equity capital market.
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China securities JVs still making money
All seven Sino-foreign securities joint ventures in China posted profits for the second consecutive year in 2016, even though the sector as a whole suffered a 50% drop in earnings.
