Bloomberg News

China wants IPO sponsors on new tech board to invest in deals

Sponsors are required to hold their stakes for at least 24 months, an arrangement virtually unheard of in global markets.


China’s ballooning electric vehicle market in for a big shakeup

Dozens of global EV startups have raised $18 billion since 2011, including China’s big fundraisers NIO, WM Motor, Xpeng Motors and Youxia Motors.


China Three Gorges said to be scaling back $10.3b EDP bid

The state-owned firm is evaluating smaller alternative transactions that exclude U.S. assets of EDP.


Shanghai’s new tech board takes on HK in battle to woo unicorn IPOs

Qingdao Haier Biomedical Co., Sun Car Insurance Agency Co. and Certusnet Information and Technology Co. have scrapped plans to list in Hong Kong and are expected to debut on Shanghai’s new board instead.


TPG-Backed Shriram Capital close to merging its units

The deal will give TPG, which has been an investor since 2006, and Piramal an opportunity to exit.


China’s GREE Electric Appliances parent plans $6.4b share sale

As Gree Group is controlled by the local government, the deal will require approval from the state assets regulator.


Brookfield said to acquire Shanghai commercial property for $2b

A transaction of that size would rank among the biggest commercial property deals in China by a foreign firm.


China said to tap Peng to lead $941b sovereign wealth fund

Peng’s appointment may put an end to a period of uncertainty at CIC during which several senior executives departed.


China to tighten controls on video apps as it seeks to limit screen time for kids

The special mode will include limits on the type of content and services that kids can access.


China’s SDIC to exit coal power investments, shift focus to clean energy

SDIC will no longer invest in new thermal power business, a Beijing-based spokesman said Wednesday.