New | PRESS DIGEST - Top stories in Hong Kong and mainland China newspapers on June 25
These are the leading stories in Hong Kong and mainland Chinese newspapers and websites on Thursday. The South China Morning Post has not verified these stories.
China Securities Regulatory Commission announced a list of 28 companies that have disclosed their IPO plans. (China Securities Journal)
State Council has decided to establish the China Insurance Investment Fund as a financial innovation to better serve the real economy through amendments to the Commercial Bank Law. In the meeting chaired by Chinese Premier Li Keqiang, the State Council supported the promotion of internet in industries. (China Securities Journal)
Investors bought Equity-Linked Notes in anticipation of a recovery in Hong Kong stocks. Transaction volume of ELN in the first half of this year are more than two times that over the same period in 2014. (Oriental Daily)
Market sources said Standard Chartered planned to sell its holdings of 360 million shares in China Cinda Asset Investment to raise between HK$1.64 billion and HK$1.66 billion. The sale, if it materialises, will bring in a profit of HK$730 million to Standard Chartered. (Oriental Daily)
Civil engineering firm Man King Holdings’ flotation was 1,800 times oversubscribed, the highest subscription so far this year. (Hong Kong Economic Journal)
Hong Kong is likely to be behind Shanghai in terms of the size of IPO fund-raising, but will clinch the top venue for fund-raising globally for the whole year, tapping HK$280 billion, according to Deloitte China. (Sing Tao Daily)
