China's Communist mouthpiece seeks capitalist investors

The Chinese publisher raised the equivalent of $705 million at the high end of its indicated price range, showing that investors in China still have a good appetite for new stocks.

The website of state-owned newspaper People's Daily may raise three times more than it initially planned in its Shanghai IPO, as Beijing turns propaganda into profit.

Benjarong Suwankiri, a former vice minister for finance, will join Thailand's exchange in October.

Shein falls in Hong Kong; Itochu plans offer for Dentsu Soken; Ares closes Japan fund; KKR's Asia investments; DigitalBridge acquires in Australia; HDFC Bank CEO to leave.

The HKEX-owned exchange will list a cash-settled HRC contract referencing SHFE prices, offering overseas participants exposure to China’s flat steel market; trading is expected to begin in October.

The company values its shares at a big premium to the market, but still attracts enough institutional demand to cover the books 12 times.