Bank of Chongqing Launches $593M HK IPO

Chinese city commercial lender Bank Of Chongqing is launching a US$593 million IPO at the Hong Kong Stock Exchange. The offering plans to issue 707 million shares in a price range of HK$5.60 to HK$6.50 per share.

Stephen Roach: Fears Of A China Slowdown Are Vastly Overblown

In this episode of China Money Podcast, our guest is Stephen Roach, current senior fellow at Yale University’s Jackson Institute of Global Affairs and former chairman of Morgan Stanley Asia and the firm’s chief economist. He spoke with our host, Nina Xiang, on the Fed’s tapering of its quantitative easing programs and its impact on China; a potential U.S. default and what that means for China’s over US$3 trillion foreign reserves; and why he believes the fears of a China …

Chinese Cross-Border Deal Value Jumps 85% During First Half

Chinese companies’ cross border deal value reached US$50.2 billion during the first half of the year, an 85% increase from the US$27.1 billion recorded in the same period last year, according to data released by Thomson Reuters. Chinese companies’ outbound deal activity saw greater increase, with deal value at US$36.3 billion, an 111% increase from US$17.2 billion in the first half of 2012.