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China firms urged to strengthen risk management

SHANGHAI: China’s foreign exchange regulator has urged companies to strengthen their risk management systems to lessen the impact from rising two-way volatility in the Chinese yuan.

Blackstone gets final bids for North Sea oil producer Siccar

LONDON: Siccar Point Energy Ltd, the North Sea oil producer backed by Blackstone Group Inc, has received final bids from suitors including Chrysaor Holdings Ltd and Equinor ASA, people with knowledge of the matter said.

China Water Environment’s US$500mil Hong Kong IPO

HONG KONG: China Water Environment Group Ltd, backed by the nation’s state-owned investment holding company, is considering an initial public offering (IPO) in Hong Kong that could raise more than US$500mil, according to people familiar with the matter.