To boost transparency, China’s regulator has banned major A-share company shareholders from using asset management products to subscribe to private share placements.
The country's largest lender by number of outlets and second-biggest by assets, Postal Savings Bank of China, is raising the funds from a consortium that includes some of Asia's biggest names.
The Chinese city commercial bank plans a domestic private placement of 100 million preferred shares to help replenish its capital base by raising up to Rmb10 billion.
Singapore-listed commercial property developer executes only the second major S-Reit deal of the year to fund the acquisition of an office block in Australia.