Return to Cinda: What Does Its IPO Say About China’s Financial Reform?


What to make of the recent IPO in Hong Kong by one of China’s so-called “bad banks”? Cinda Asset Management Company raised US$2.5 billion on an offering 161 times oversubscribed by Hong Kong retail...
    






SoftBank Takes 57% Stake in Brightstar for $1.26 Billion


Brightstar had until now handled the trade-in and buyback projects for SoftBank. But now SoftBank has acquired a 57% chunk of the wireless distributor for a whopping $1.26 billion. This move made...