China to allow resumption of IPOs, sets new rules

China’s securities regulator is allowing initial public offerings (IPOs) to resume after a nine- month hiatus after setting new rules that are expected to improve the odds for smaller investors.

Investors pouring good money after bad into black hole

In other words, the new loans being made now are good money being poured after bad into a black hole. The growth investors are banking on will be poor quality at best, and the stock valuations that their money is supporting are looking seriously over-extended.

OZ Minerals shareholders approve US$1.39b asset sale to China Minmetals Group

Shareholders of OZ Minerals Ltd yesterday approved a plan to sell US$1.39 billion of assets to China Minmetals Group to cut debt after the Chinese company sweetened its offer on Wednesday to fend off rival proposals.

Raffles Education shares pull back on placement news

Mr. Chew: The controlling shareholder and chief executive did not raise his stake by taking more shares

Singapore poised for IPO rebound: Merrill Lynch

Singapore may be poised for its first $1 billion initial public offering (IPO) since 2006 as rallying stocks lure companies back to equity markets, Bank of America Corp’s Merrill Lynch unit said.

Surge in China investments beats forecasts

Figures reinforce evidence that it’s leading others on recovery path

True Singapore drivers live by this code

You’ve heard of The Da Vinci Code. Now, insurance company AXA has cracked an even greater puzzle: The Singapore Motorist’s Code. Incidentally, this has nothing to do with the Highway Code because local drivers are not aware of that either.

Yuan could become Asia’s leading currency

It’s hard to know whether Washington or Tokyo should be most concerned over the fact that China is beginning to flex its muscles with regard to the international role of the yuan.

But judging from past experience, it appears likely that Japan will respond to China by competitive moves to promote the yen. This would be a great pity. The world badly needs a third reserve and transaction currency to complement a declining dollar and an emerging euro.

Sportswear retailer targets US$200m in IPO

Mainland sportswear retailer 361Ӽ International is following in the footsteps of its four biggest domestic rivals by seeking a market listing.

Oil on the Roil — Handle with Care

Oil prices have more than doubled since the near $30 lows this past winter, tracking the stronger equities markets. Will crude continue to be hot, or are we in for a cold spell?

In China, too many buyers chasing too few cars

Tax cuts and subsidies help fuel waiting lists

China’s Commodity Buying Spree

Strong buying by China has helped lift commodity prices around the world this spring, but growing evidence suggests that a sizable portion of this buying has been to build stockpiles in China, and may not be sustainable.

China WindPower to invest 500m yuan in projects

China WindPower Group, whose shares soared threefold in the past six weeks, plans to plough 500 million yuan (HK$567.15 million) into 10 projects that require a combined 5 billion yuan of investment.

China growth story needs to be more convincing

Investors are tamping down exuberance in view of worrying signs

China's World-Beating Car Market Showing Signs of Weakness

China's auto market has lately turned over more than a million cars a month for three straight months, and ranked No.1 in the world for five straight months. In the first five months of this year, China's passenger car sales grew 54.7%, year on year. The industry is rubbing its hands and wondering whether such good fortune can last.

After Rocking the Rally, Pros Are Hoping for Stock Pullback

After enjoying a three-month ride off the March lows, Wall Street is now bracing for payback time – a mild retreat that many market experts actually think would be healthy.

Iron Price Wrestling Peaks for Chinese Steel

China’s steel mills are refusing to rubber stamp price reductions hammered out by iron ore suppliers and other Asian buyers.

CSRC Final IPO Reform Rules To Take Effect June 11

The final rules will also seek to reduce the number of shares that carry a lock-up period, increasing the number of securities available for trading on the secondary market. It did not elaborate.

Seditious tract duo jailed eight weeks

‘Common sense dictates that religious fervour to spread the faith, in our society, must be constrained by sensitivity, tolerance and mutual respect for another’s faith and religious beliefs,’ Judge Neighbour said.

Auto Industry Wants Government Support Measures Extended

Auto sales in China have surged for three consecutive months, as government policies designed to give the sector a boost took effect.