国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

Securities regulator approves trust IPO

China Daily | Updated: 2017-02-14 10:41

Securities regulator approves trust IPO

An investor checks stock prices at a securities brokerage in Fuyang, Anhui province. Lu Qijian / for China Daily

First listing in more than two decades for a vibrant sector that is booming

China's securities regulator has approved the nation's first IPO by a trust company in more than two decades.

Shandong International Trust Co won approval from the China Securities Regulatory Commission to sell as many as 676.5 million shares in a Hong Kong IPO, said one of its shareholders, Luxin Venture Capital, in a filing on Friday. Shandong International Trust plans to seek roughly $300 million from the sale, people with knowledge of the matter said early last year.

Chinese trust companies, with 18 trillion yuan ($2.6 trillion) of assets under management as of September, gather and pool money from wealthy investors to buy assets from stocks and bonds to art and wine as well as finance projects such as real estate and coal mines. The industry's expansion has been fueled by demand from corporate borrowers that have difficulty getting loans from banks, as well as investors eager for products with higher returns, putting it among the fastest-growing segments of China's shadow-banking system.

The most recent listings from a Chinese trust company were in 1994, when Shaanxi International Trust Co and Anxin Trust Co sold shares in the domestic market, according to data from Bloomberg. The industry has gone through six periods of industry overhaul since the 1979 establishment of China International Trust & Investment Co by the late Vice-President Rong Yiren. Their functions have evolved from central and local governments' borrowing arms to loan issuers and asset managers.

The Shandong International Trust, established in 1987, had 241 billion yuan of assets under management by the end of May, ranking it 20th among China's 68 trust firms, according to its pre-listing documents. State-owned Shandong Lucion Investment Holdings Group Co is the controlling shareholder with a 69 percent stake.

Bloomberg

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
临高县| 岳普湖县| 工布江达县| 武宁县| 永春县| 梅河口市| 讷河市| 和政县| 武冈市| 丰镇市| 马关县| 株洲县| 无极县| 建始县| 凉山| 湘乡市| 化隆| 鄱阳县| 彭阳县| 平阳县| 汶川县| 泊头市| 上饶市| 蒙自县| 新平| 濉溪县| 梧州市| 新竹县| 灯塔市| 湘潭县| 汉源县| 阿图什市| 穆棱市| 长岛县| 凤山县| 永靖县| 秀山| 霍州市| 牡丹江市| 保靖县| 长沙县|