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China's securities market attracts 1.41 mln new investors in May - Buz & Tech News

China's securities market attracts 1.41 mln new investors in May - Buz & Tech News
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China's securities market attracts 1.41 mln new investors in May

China s securities market attracts 1.41 mln new investors in May Xinhua 06 Jun 2021, 20:49 GMT+10 BEIJING, June 6 (Xinhua) China s securities market attracted more than 1.412 million new investors in May, industrial data showed. The figure marked an increase of 16.32 percent from the same period last year, according to the China Securities Depository and Clearing Corporation Limited. Individuals accounted for the majority of new investors, reaching 1.409 million, while new institutional investors stood at 2,800. By the end of May, the number of investors in China s securities market exceeded 187 million, the data showed.

CX Daily: Saving Peking University's Fallen Tech Conglomerate

CX Daily: Saving Peking University’s Fallen Tech Conglomerate Restructuring / In Depth: Saving Peking University’s fallen tech conglomerate Peking University Founder Group Corp. (PUFG) was once the poster child for the entrepreneurial spirit that flowed from the hallowed halls of China’s elite universities in the 1980s as reform and opening-up fever gripped the country. Today, it’s bankruptcy reorganization after years of reckless expansion built on unsustainable debt, with some corruption thrown in for good measure. Many of the other high-profile busted corporate flushes that have been through the bankruptcy restructuring or liquidation mill were victims of massive corruption or asset stripping by their previous owners, or weak players in their sectors or in industries with poor prospects. But PUFG has a portfolio of attractive assets in growth areas.

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