Hefei Xingu Microelectronics Co. filed a pre-IPO counseling registration with the Anhui office of the CSRC on the regulator’s website, indicating plans to pursue an IPO and listing. The company has appointed Guotai Haitong Securities as its new pre-IPO sponsor.

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Former Federal Reserve Chair Alan Greenspan died Monday at age 100 at home from complications of Parkinson’s disease. Greenspan led the Fed from 1987 until retiring in early 2006, a period marked by a long expansion, low unemployment and strong equity markets; his standing was later dented by the financial crisis that erupted within two years of his departure. Former Fed Vice Chair Roger Ferguson said Greenspan was among the most influential central bankers of the late 20th century and an early proponent of the view that technology-driven productivity gains supported faster growth without rekindling inflation.