China International Capital Corporation has broken into the world's top two investment banks for new listings for the first time since the global financial crisis due to its role leading in fintech giant Ant Group's mega float, Dealogic figures show.
The market share figures came as CICC's stock started trading on the Shanghai Stock Exchange on Monday after the bank raised US$2 billion in a secondary listing in its own share offering to fund expansion plans. Citigroup and Morgan Stanley, two sponsors of Ant's Hong Kong legs, are ranked eighth and ninth, while the remaining top 10 spots are taken by Chinese institutions.
CICC surged 33% in its debut on the Shanghai stock exchange on Monday as investors bet the country's fifth-biggest securities firm will benefit from a government push to accelerate capital market reforms.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PM calls for tighter rules on sports and social activitiesMuhyiddin Yassin says the National Security Council will table new procedures tomorrow. FMTNews MuhyiddinYassin As if the politicians will adhere! 😡 MuhyiddinOut MuhyiddinYassin What percentage of cases have come from outdoor sports clusters Surely other areas r the priority! Is it so hard to assess based on previous cases what are the riskiest activities that caused infection? And what’s the point of having strict SOPs when there is no clear guidance on enforcement, coupled with arbitrary enforcements?
Source: fmtoday - 🏆 5. / 72 Read more »
Two new Covid-19 clusters in Selangor, Penang | New Straits TimesNSTnation The two new clusters have a combined total of 24 positive Covid-19 cases. covid10 coronavirus Which part of Tembaga is the new cluster found? Anyone in the know cares to tell?
Source: NST_Online - 🏆 17. / 53 Read more »
Ant in top secret talks with Chinese watchdogs ahead of debutThe fintech company is set to raise about US$34.4 billion in the world's largest IPO. FMTNews AntGroup AlibabaGroup
Source: fmtoday - 🏆 5. / 72 Read more »
834 new Covid-19 cases, two deathsPUTRAJAYA: The Health Ministry reported 834 new Covid-19 cases today, with two deaths. Health director-general Tan Sri Dr Noor Hisham Abdullah said in...
Source: theSundaily - 🏆 25. / 51 Read more »
Covid-19: Two new clusters detected including one in Penang, says Health DGPETALING JAYA: Two new clusters have been recorded in the country, says Tan Sri Dr Noor Hisham Abdullah. Please give advance notice
Source: staronline - 🏆 4. / 75 Read more »
UK surpasses 1 million Covid-19 cases | New Straits TimesLONDON: Britain has registered more than one million coronavirus cases during the global pandemic, with nearly 22,000 new infections reported in the last 24 hours, official figures showed on Saturday.
Source: NST_Online - 🏆 17. / 53 Read more »