For a government so famously inept at exerting control over domestic markets and money supply through its public utterances and regulatory meddling, the fiasco over the last few weeks concerning the so called money through-train scheme must come as a pleasant surprise to Beijing. Well it could have if they didn't have to backtrack on their original plan,...

The Financial Times leads its China reportage today with figures from Dealogic, a data provider, that show stock exchanges in New York, London and Hong Kong have been left trailing in the wake of mainland bourses in terms of capital raising following PetroChina’s record US$8.9 billion offering last week.PetroChina took the total raised this year throug...

A big story in most of today's papers is PetroChina's efforts to raise US$8.92 billion in its Shanghai IPO, edging fellow energy giant China Shenhua's US$8.91 billion effort in September as the largest ever A-share offering on the mainland (see, for instance, the Wall Street Journal's take here).The firm issued 4 billion new A-shares at RMB16...