Hints and tips:
...Huarong’s only listed competitor, China Cinda, fell below a price to book ratio of one for the first time this week....
...they are right, it may mark the end of a buyer’s market for a distressed debt pile that has topped $100 billion, benefiting bank shareholders at the expense of asset-management companies such as China Cinda...
...The company sold 5.3 billion shares at HK$3.58 each, the top of the price range, Beijing-based Cinda said in a statement to the Hong Kong stock exchange today....
...(Cinda is likely to be first cab off the rank, later this year.)...
...(WSJ) “Cinda Asset Management has raised US$2.5 billion in an initial public offering in Hong Kong, the city’s largest float this year....
...“Insurance was an issue, but the key point is that there is no lifting of current restrictions on Iranian crude, they just remain the same,” said Neil Beveridge, a Hong Kong-based analyst at Sanford C....
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