China Digest

Economics and policy from China’s newspapers

Monday September 18, 2017

Regulator OK’s M&A requests from 116 A share firms

The China Securities Regulatory Commission approved mergers and acquisition requests from a total of 116 A share companies this year, the China Securities Journal reported, citing data released by Wind Info.

Steel giants sign US$22.93 billion in deleveraging agreements

Ten steel giants, including Sinosteel, Wuhan Iron and Steel Corporation, Masteel and Hesteel have signed debt-to-equity framework agreements totalling 150 billion yuan (US$22.93 billion), the China Securities Journal reported.

ZhongAn seeks US$1.5 billion in Hong Kong IPO

China’s first online-only insurer, ZhongAn, said on Sunday that it plans to raise up to HK$11.9 billion (US$1.5 billion) in its initial public offering in Hong Kong, and is set to begin a share sale on Monday, Caixin reported.

China stock market hosts 76 ‘capital families’

A recent report shows there are 76 “capital families” in the Shanghai and Shenzhen stock market, consisting of 179 firms and accounting for 4.8% of the total market cap of listed companies, the Securities Daily reported, citing research from an “authoritative institution.”