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Tag Archives: Shanghai

Asian Stocks Cap Record Weekly Win Streak

STOCKS

Asian stocks rose this week, sending the regional benchmark index to its longest-ever streak of weekly gains, as U.S. economic reports and signs of policy easing in China buoyed the outlook for Asian earnings. Shui On Land Ltd. (272) led Chinese developers higher on speculation more cities will attempt to lower restrictions on the property market amid signs the economy ... Read More »

China Communications Construction raises $793 million in Shanghai IPO

shanghai

The country’s biggest port builder sells 1.35 billion shares at Rmb5.4 each, the higher end of the price range. China Communications Construction (CCC), the country’s biggest port builder, raised Rmb5 billion ($793 million) on Thursday after offering shares at the top end of the indicated price range. The company had to cut the size of the offering by as much ... Read More »

Shanghai sees FDI jump 13% in January

Shanghai

SHANGHAI saw foreign direct investment grow last month because foreign investors were still attracted to the city’s economy and its pro-business environment. A total of US$1.5 billion in contracted foreign investment landed in the city in January, an annual jump of 12.5 percent, according to the Shanghai Statistics Bureau. But it was slower than last year’s average of 31.3 percent ... Read More »