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TOKYO, Dec 29 (Reuters) - Japan’s Daiwa Securities Group Inc plans to open its joint venture securities underwriting business in China in February, capitalizing on increased foreign access to the huge market, Chief Executive Seiji Nakata told Reuters.
China has unveiled a slew of measures in recent years to open up its financial sector - worth trillions of dollars - to foreign firms, including banks, fund management, brokerages and insurance businesses.
Daiwa’s plan to open an underwriting business with two local partners after the Lunar New Year, which falls on Feb. 12, will mark the return of Japan’s second largest brokerage and investment bank to China after a six-year absence.
How China Lost Patience With Jack Ma, Its Loudest Billionaire How China Lost Patience With Jack Ma, Its Loudest Billionaire Jack Ma, a co-founder of e-commerce behemoth Alibaba Group Holding Ltd., China s largest company, told the audience that day at the Bund Summit that he was torn about speaking, but felt this was a most critical moment in the development of finance.
Jack Ma s spectacular fall from grace has been years in the making.
Highlights
His empire has been under regulatory scrutiny
At Alibaba, executives are dealing with the antitrust legislation
When Jack Ma took to a Shanghai conference stage in October, China s most famous entrepreneur was on the brink of pulling off an unprecedented $35 billion initial public offering for the finance juggernaut he co-founded two decades earlier. Ant Group Co. s listing would value the company at more than $300 billion and swell Ma s own fortune beyond its already blistering $61 billion, cementing his position as the natio
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Source: Xinhua|
Editor: huaxia
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BEIJING, Dec. 20 (Xinhua) China s securities regulator has approved the initial public offering (IPO) of three companies on the science and technology innovation board.
The Zhejiang-based Tianneng Battery Group Co., Ltd., Shanghai HIUV New Materials Co., Ltd. and Jiangsu-based HOB Biotech Group Corp., Ltd. will be listed on the Shanghai Stock Exchange s sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.
The companies and their underwriters will confirm the IPO dates and publish prospectuses following discussions with the stock exchange.
The STAR market, inaugurated in June last year and designed to support companies in the high-tech and strategic emerging sectors, eases listing criteria but adopts higher requirements for information disclosure. Enditem
China greenlights three ChiNext IPOs
Source: Xinhua|
Editor: huaxia
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BEIJING, Dec. 20 (Xinhua) China s securities regulator has approved the initial public offering (IPO) registration of three companies on the country s NASDAQ-style ChiNext board.
HAXC Holdings (Beijing) Co., Ltd., Hangzhou-based new material company Yitong and Anhui Huaqi Environmental Protection & Technology Co., Ltd. will be listed on the Shenzhen Stock Exchange s board of growth enterprises, or the ChiNext board, according to the China Securities Regulatory Commission.
The companies and their underwriters will confirm the IPO dates and publish their prospectuses following discussions with the stock exchange. Enditem
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