China’s first credit-purchased convertible bonds open to fanfare
Beijing Oriental Yuhong, China’s only listed waterproofing company, released its convertible bond with an issuance scale of 1.84 billion yuan (US$280 million), Yicai.com reported.
Insurance regulator draws the line on ‘special companies’
China’s top insurance regulator said it will treat all market entrants and insurance companies fairly, and will prevent “special companies” from forming, according to the interim head of the regulatory body, Caixin reported on Monday.
ZhongAn to begin trading on Hong Kong Exchange
ZhongAn Online Property and Casualty Insurance, China’s first online insurer to launch an initial public offering, is expected to start trading on the Main Board of the Hong Kong Stock Exchange on Thursday, China Securities Journal reported.
McDonald’s China signs strategic alliance
McDonald’s China Co. has signed a strategic alliance with China Overseas Land & Investment Ltd. to expand into the country’s more than 60 core mainstream city commercial complexes, Yicai.com reported, citing an agreement on Monday.
Starbucks introduces Alipay to 2,800 Chinese shops
Starbucks announced on Monday that it has introduced Alipay, Alibaba’s third-party online mobile payment platform, to more than 2,800 of its stores in mainland China, Caixin reported.
China’s A-share market doubles funds through IPOs
The A-share market in China has more than doubled its total funds raised via Initial Public Offerings over the first three quarters year on year, while the H-share market in Hong Kong has seen a 40% year-on-year decrease in IPO fund-raising, Caixin reported, quoting a KPMG report.