Bloomberg Kakao Bank, the internet-only lender backed by South Korea’s Kakao Corp, plans to raise as much as $2.3 billion in an initial public offering, joining a rush by the nation’s companies to sell shares. The bank is selling 65.45 million new shares at between 33,000 won and 39,000 won apiece, according to a filing. At the top end of …

Bloomberg China’s central bank struck a more positive tone in its quarterly monetary policy meeting, saying the economy is showing more stability and improvement even though domestic and global risks remain. The monetary policy committee of the People’s Bank of China (PBOC) largely reiterated its stance to keep policy, liquidity and the exchange rate steady, according to a statement. It …

Bloomberg Tencent Holdings Ltd, which has lost more than a fifth of its market value in the past few months, now appears to be losing its biggest supporter: Chinese investors. Mainland traders have sold a net HK$11.2 billion ($1.4 billion) worth of Tencent shares so far in June, exchange data compiled by Bloomberg show. This would mark the first month …