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China overtakes Hong Kong as top IPO market as listings surge

The number of listings in China has surged 303 per cent and raised 336 per cent more funds in the first-half of 2017, compared with the year-earlier period, surpassing Hong Kong as the top IPO market, according to EY. Ringo Choi, Asia-Pacific IPO leader said a total of 246 companies listed on ...

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China and Hong Kong stocks to dip on policy, stronger yuan

China and Hong Kong stocks will likely to decline in the next three months due to the regulatory crackdown and a stronger yuan, says Credit Suisse. The Swiss bank said on Monday that as Chinese policymakers were likely to continue its deleveraging of the financial system, stocks of Chinese ...

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Hailstorm wrecks US$4 million lotus tourism park in China

A lotus park was destroyed by a hailstorm in Tanghe country in China, leading to huge losses for the uninsured business, local media said. Most of the lotus buds and leaves were destroyed by hail during the stormon June 21, with losses estimated at 15 million yuan (US$2.2 million), according to ...

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