China’s stock market regulator is finally cracking down on umbrella trusts in a bid to defuse a potentially dangerous situation.
China Roundup: Why Dalian Wanda’s Wang Jianlin is not the richest man in China
This week, CEO Wang Jianlin missed the opportunity to become the richest man in China when the much awaited Dalian Wanda IPO turned out to be a damp squib and Xiaomi was valued at $45 billion, way higher than Uber.
China puts a Freeze on IPOs
Regulators have suspended IPOs on China’s stock markets. What’s their strategy, and how will it affect Chinese companies? To a casual observer, the recent behavior of Chinaʼs financial supervisor might seem a bit odd. In June of last year a petition began circulating online that demanded the China Securities Regulatory Commission (CSRC) slow the pace […]
