SHANGHAI – China launched the country’s first class-action lawsuit against a listed company on Friday, targeting Kangmei Pharmaceutical Co, as regulators vowed “zero tolerance” against accounting fraud and other capital markets “tumors.” The China Securities Investor Service Centre (CSISC), a …
Macquarie Group Ltd. is in advanced talks to create a majority-owned securities joint-venture firm in China, according to people familiar with the matter, the latest international bank seeking to establish itself in one of the world’s biggest markets. Sydney-based Macquarie …
Ping An Insurance (Group) Co., China’s second-largest insurer, won regulatory approval for a private placement that may amount to as much as $5 billion, Hong Kong’s biggest share sale in almost two years. The China Securities Regulatory Commission approved Ping …
Chinese state-owned People’s Insurance Company of China Group (PICC), one of the country’s largest insurers, could complete an A-share listing in Shanghai in the second half of this year, the firm’s chairman Wu Yan told Reuters. PICC, among the last …
