UBS Banned From Hong Kong IPO Market For 18 Months

The Hong Kong Securities and Futures Commission (SFC) has banned Zurich-based UBS Group AG from  sponsoring initial public offerings (IPOs) on the Hong Kong Stock Exchange for 18 months. The ban comes just as the Hong Kong exchange is preparing for a surge of IPOs, especially by tech companies. 

US Securities Regulator Blocks Chinese Takeover Of Chicago Stock Exchange

The U.S. Securities and Exchange Commission ("SEC") decision to block a Chinese-led investor group from buying the Chicago Stock Exchange ends a two-year campaign to turn the small , 136-year old exchange into a venue for international IPOs. It also marks the latest in a string of blocked deals involving Chinese companies trying to buy major U.S. assets.

China’s Baidu Rumored To Raise $2B Round For Financial Unit

China’s tech giant Baidu Inc. is seeking a new funding round of up to US$2 billion for its wholly-owned finance unit to push into the financial services sector and compete with Alibaba Group Holding Ltd and Tencent Holdings Ltd, according to media reports citing insiders.

China’s Direct Investment In US Drops 35% With Value Of New Acquisitions Reduced By 90% In 2017 Due To Regulatory Hurdles

China’s direct investment in the United States dropped by 35% in 2017 to US$29 billion in completed deals, and the value of newly announced Chinese acquisitions in the U.S. dropped by 90% compared to 2016, due to regulatory hurdles from both countries, according to a report by Rhodium Group, a research consultancy based in New York. 

Baidu, Ant Financial And Toutiao Summoned By Chinese Government Over User Privacy Issues

Chinese tech giant Baidu Inc., Alibaba’s financial affiliate Ant Financial and Beijing Bytedance Telecommunications Co., Ltd., the operator of Chinese personalized news app Toutiao, have been summoned to answer question by China’s Ministry of Industry and Information Technology as they have failed to fully disclose the collection of personal data from users of their mobile apps, according to the government’s website. 

China’s Bike-Sharing War Far From Over As Hellobike Raises $500M This Month To Escalate Competition

Chinese bike sharing firm Hellobike said it has raised RMB1 billion (US$152 million) in a D2 financing round led by Fosun Group and GGV Capital. The news came three weeks after the bike company raised US$350 million in a series D1 round, putting the company’s fundraising total to just over a half billion U.S. dollars in the past month and placing it in a strong position to compete with industry leaders Mobike and ofo.