Reuters Asia Business

HONG KONG (Reuters) – China will set up a new regulatory body consolidating financial supervision, according to a plan that the State Council, or cabinet, submitted to the rubber-stamp parliament meeting this week. Analysts said regulatory loopholes could be bridged with the changes proposed. Financial regulation overlap especially at the local government level should also …

FACTBOX – How will China’s financial regulatory framework change? Read More »

By Xie Yu, Selena Li and Carolina Mandl HONG KONG/NEW YORK (Reuters) – A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention. In a major shake-up, China will set up the new regulatory …

Analysis-China’s financial regulatory revamp raises hope, some concern over control Read More »

By Kane Wu, Julie Zhu and Scott Murdoch HONG KONG (Reuters) – Chinese online fashion retailer SHEIN is set to raise around $2 billion in a new funding round this month and is aiming for a U.S. listing in the second half of this year, three people with knowledge of its plans told Reuters. UAE’s …

China’s SHEIN set to raise $2 billion, eyes US IPO later this year -sources Read More »

By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) -The Export-Import Bank of China has told Sri Lanka it will try to finalise in the months ahead how it treats debt owed by the crisis-hit nation, according to a letter seen by Reuters which also reiterated a moratorium for debt due in 2022 and 2023. The …

Exclusive-China promises Sri Lanka deal on debt treatment in coming months -letter Read More »

TOKYO (Reuters) – Japan’s ispace Inc., aiming to be the first commercial company to land a probe on the moon, announced on Wednesday an initial public offering of its shares. The start-up will list 200 million shares on the Tokyo Stock Exchange’s growth section on April 12, according to a release from the exchange, which …

Japan’s ispace to list shares in Tokyo ahead of planned moon landing Read More »

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund on Tuesday said Sri Lanka had secured financing assurances from China, India and all its major bilateral creditors, paving the way for the IMF board to consider approval of a long-awaited $2.9 billion bailout. The IMF said its board will meet on March 20 to review …

IMF board poised to approve $2.9 billion Sri Lanka bailout Read More »