China Merchants Bank Raises $4.5B in Share Sale

Sept. 5 (Bloomberg) -- China Merchants Bank Co. raised 27.5 billion yuan ($4.5 billion) in the Shanghai portion of a rights offer, paving the way for it to complete the world’s third-largest share sale this year. Mia Saini has more on Bloomberg Television's "First Up." (Source: Bloomberg)

How Long Will Chinese Growth Rates Decline For?
51:40 - China’s foreign-exchange reserves shrank to the smallest since 2012, indicating that the central bank sold dollars as the yuan’s retreat to a five-year low exacerbated depreciation pressure. UBS Head of Global Asset Allocation Mads Pedersen discusses with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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