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News
China Injects $54 Billion Into State Banks, Insurers to Cushion Financial Strain
6+ day, 6+ hour ago (372+ words) China has injected approximately RMB 360 billion (US$53.4 billion) in capital into state-owned banks and insurance companies, in what has been described as Beijing "buying time with money" for a possible economic recovery. Combined with Bank of China, China Construction Bank,…...
China’s Fosun International wins approval for ClubMed Hong Kong spin-off
2+ week, 15+ hour ago (166+ words) Aug 31 (Reuters) – Fosun International has received approval from the Hong Kong Stock Exchange to proceed with the proposed spin-off and separate listing of its resort-operator unit ClubMed Lifestyle, it said late on Friday. Details of the initial public offering (IPO)…...