{"id":1040,"date":"2009-09-15T10:29:40","date_gmt":"2009-09-15T07:29:40","guid":{"rendered":"http:\/\/www.turizmtatilseyahat.com\/en\/?p=1040"},"modified":"2009-09-15T10:29:40","modified_gmt":"2009-09-15T07:29:40","slug":"chinas-top-tourist-agency-launches-shanghai-ipo","status":"publish","type":"post","link":"https:\/\/www.turizmtatilseyahat.com\/en\/chinas-top-tourist-agency-launches-shanghai-ipo\/","title":{"rendered":"China&#8217;s top tourist agency launches Shanghai IPO"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.turizmtatilseyahat.com\/en\/wp-content\/uploads\/2009\/09\/china-international-travel-service-corp.jpg\"><img decoding=\"async\" class=\"alignleft size-thumbnail wp-image-1041\" title=\"China's top tourist agency launches Shanghai IPO\" src=\"http:\/\/www.turizmtatilseyahat.com\/en\/wp-content\/uploads\/2009\/09\/china-international-travel-service-corp-280x220.jpg\" alt=\"China's top tourist agency launches Shanghai IPO\" width=\"280\" height=\"220\" \/><\/a>China International Travel Service Corp\u00a0(CITS) said on Tuesday it would launch a Shanghai stock initial public offering (IPO) this week that is worth about 1.7 billion yuan ($249 million) to fund expansion, including setting up new tourist agencies.<\/strong><\/p>\n<p>China Travel, the country&#8217;s top tourist agency, would start book-building on Wednesday to issue as many as 220 million A shares denominated in yuan, or up to 25 percent of its expanded capital after the IPO, it said in a prospectus published in the official Shanghai Securities News.<\/p>\n<p>China&#8217;s stock regulator has pushed a slew of firms to launch IPOs since it resumed approvals in June after a 10-month ban. That comes amid a backdrop of a volatile share market, with the benchmark Shanghai Composite Index having rebounded 13 percent this month after a 22-percent slump in August, its second biggest monthly fall in 15 years.<\/p>\n<p>The index slumped in August after a 90-percent jump from the start of this year but has since been lifted by government market-friendly steps, mainly repeated official pledges to support the market.<\/p>\n<p>But the push by the China Securities Regulatory Commission of more IPOs into the market despite the index&#8217;s volatility betrays the limit of the government&#8217;s support to the market, analysts said. Worries persist about an asset price bubble at a time when the world&#8217;s third largest economy has just started recovering.<\/p>\n<!-- Either there are no banners, they are disabled or none qualified for this location! -->\n","protected":false},"excerpt":{"rendered":"<p>China International Travel Service Corp (CITS) said on Tuesday it would launch a Shanghai stock initial public offering (IPO) this week that is worth about 1.7 billion yuan ($249 million) to fund expansion, including setting up new tourist agencies.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1040","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/1040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/comments?post=1040"}],"version-history":[{"count":0,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/1040\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/media?parent=1040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/categories?post=1040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/tags?post=1040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}