China Renaissance Edges Closer to Trading Resumption Under New Chairman
Xie Yijing will take over as the troubled investment bank’s head, as missing former chairman and CEO Bao Fan steps down ‘for health reasons and to spend more time with…
Hywin seeks new wealth outside sagging property market
The asset manager is diversifying beyond its traditional focus on property-linked investments for wealthy investors Key Takeaways: Hywin Holdings is diversifying beyond its real estate-focused wealth management business with moves…
Early CICC Backer Trims Stake as Profit Shrinks for First Time in Six Years
Haier, which once owned about 10% of China’s oldest western-style investment bank, disclosed it has cut its stake to 6.32% Key Takeaways:Appliance giant Haier has cut its longtime stake in…
Crackdown on U.S.-listed Chinese Stocks Ruins Party for China Renaissance, CICC
Shares of China Renaissance dropped about 9% after its latest earnings report showed revenue dropped in the second half of 2021 as U.S. IPOs by Chinese companies dried up Key…
Investment Bank China Renaissance Is Reborn on First-Quarter IPO Boom
Company’s deal volume rose six-fold in first three months of 2021, as it helped to underwrite Kuaishou’s blockbuster Hong Kong listing (Photo above of Renaissance founder Bao Fan) Key points:…
China Renaissance Profits from Position as Leading Chinese Investment Bank
Company’s 2020 profit more than quadrupled as it underwrote mega-listings for names like Lufax and Beike Zhaofeng Key takeaways:China Renaissance’s big profit gains are the result of its strong position…