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在线翻译:
szdaily -> Markets
News Bites
    2017-September-11  08:53    Shenzhen Daily

Bitcoin bourses await clarification on closure report

BITCOIN exchanges in China said Saturday they are still awaiting clarification from the authorities on a media report that they will be shut down.

Bitcoin fell sharply Friday after Chinese financial publication Caixin reported that China was planning to shut down local crypto-currency exchanges, although analysts said this was just a temporary setback. The news follows China’s move earlier last week to ban “initial coin offerings,” or the practice of creating and selling digital currencies or tokens to investors in order to finance startup projects.

Online insurer ZhongAn wins nod for IPO

ZHONGAN Online Property and Casualty Insurance Co., China’s first Internet-only insurer, secured Hong Kong stock exchange approval for its planned initial public offering (IPO) that could raise more than US$1 billion, sources with direct knowledge of the deal said Friday.

The firm plans to start gauging investor appetite for the IPO as soon as today after receiving the nod from the listing committee of the Hong Kong stock exchange, according to the sources. It plans to launch the IPO and take orders from investors Monday next week.

UBS Asset aims to launch first China private fund

UBS Group’s asset management unit aims to launch its first Chinese private fund by the end of the year, as Europe’s fourth-biggest money manager seeks a slice of China’s fast-growing, 10 trillion yuan (US$1.54 trillion) private fund market.

In addition to the new fund, which will either invest in stocks or bonds, UBS Asset Management is also studying plans to launch funds in China to invest in alternative assets such as real estate.

Reserves lifted by ‘rise in asset prices globally’

A RISE in asset prices in the international financial market boosted China’s foreign exchange reserves level in August, the country’s forex regulator said.

Cross-border capital flows and foreign exchange supply and demand continued to be balanced in August, the State Administration of Foreign Exchange said in a statement after the August reserves data was released. The regulator also expected foreign exchange reserves level to remain at a “reasonably appropriate” level in the future. China’s foreign exchange reserves rose US$10.5 billion in August to US$3.092 trillion.

 

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