Bank Jumps 44% in Shanghai Debut Even After China Debt WarningsBloomberg News
Shares rise by daily maximum after $633 million share sale
Bank of Guiyang reported 32% profit increase in 2015
The shares of a Chinese bank surged by 44 percent in their Shanghai debut on Tuesday even after a spate of warnings that the nation’s bad loans are understated and lenders may need bailouts in coming years.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts
- Investors Told to Brace for Steepest Rate Hikes Since 2006
- A Manager of $42 Billion Fears Bubble in World's Biggest Stocks
- Longtime NPR Host Tom Ashbrook Is Facing Misconduct Allegations
- Buffett's About to Get $3 Billion Back From Burger King Owner