The bank has dropped a joint-venture plan to avoid the hassle of future stake transfers.
IPOs & Markets
The Nasdaq Golden Dragon China Index, a gauge that tracks Nasdaq-listed Chinese firms, slumped more than 4% on Friday.
STAR Market, which allows pre-profit firms to list in China, gives VCs a new way to exit investments in loss-making startups.
Sixteen of the first batch of 25 companies more than doubled their already frothy IPO prices on the STAR Market.
Twenty-five companies - ranging from chip-makers to biotech firms - will debut on the board.
Since the takeover of Baoshang Bank, regulators have taken a series of measures to ease liquidity stress, and repeatedly said risks at small financial
As many as 120 firms have sought permission to list, aiming to raise a combined $16 billion.
Policy & Regulations
The Shanghai-London Stock Connect project started in 2015.
Tianhong Asset Management Co is facing regulatory curbs checking the growth of its giant Yu'e Bao fund at home.
Moves by Morgan Stanley to boost ownership in the fund venture comes as China is opening up its financial sector worth trillions of dollars.
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