Once-acquisitive companies have issued profit warnings as they bite the bullet after overpaying for their purchases.
IPOs & Markets
The new guidelines, issued by CSRC, come as China is poised to approve a record number of IPOs in 2017.
Manulife Investment (Shanghai) will focus on Chinese institutions and wealthy individuals seeking to invest overseas in both public and private assets
The fund will allocate 40% capital in therapeutics, betting on a boom in innovative drugs in China.
The fund, launched by China Structural Reform Fund Co, will have an initial capital of $752.7 million.
China was an outlier in global markets with too many suspensions in stock trading.
MSCI will start phasing in Chinese shares from June 2018.
LeEco founder Jia Yueting resigned as Leshi chairman last week.
Market participants think a change in rules is imminent.
China has opened the way for foreign asset managers to begin launching private investment funds in the country through local subsidiaries.
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