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BEIJING - The China Securities Regulatory Commission (CSRC), the country's top securities regulator, has approved the IPO applications for nine companies. They will raise up to 4.3 billion yuan (8 million), the CSRC said. Five of the companies will be listed on the Shanghai stock exchange, two on the Shenzhen small and medium enterprise board, and two on the ChiNext, China's NASDAQ-style board. The firms and their underwriters will confirm IPO dates and publish prospectuses following discussions with the exchanges.
BEIJING - Postal Savings Bank of China (PSBC), one of China's major State-owned lenders, posted a double-digit net profit growth in the first half of 2019 as its retail banking and intermediary business expanded.
BEIJING - President Xi Jinping and South African President Cyril Ramaphosa held talks on Sunday ahead of the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), agreeing to elevate the comprehensive strategic partnership of the two countries to a new level.
BEIJING - Railway trips in China are expected to hit 13.9 million on Thursday, as many Chinese return home to pay tribute to the deceased on Qingming Festival, or Tomb-sweeping Day.
BEIJING -- China has smoothed channels to promote the sale of farm produce stock hit by the coronavirus fallout.
