More interesting stuff this week on how the rest of the world deals with China. Plus the RMB has been pushed up the ramp to a level not seen in years. Amazing what a centralized coordinated no-not-acceptable approach can do when it is targeted at one specific domestic-specific element. But back to the world. British […]
Category: Business Practice
There could be a significant rise in the number of Chinese companies launching IPOs in the US this year, despite Beijing’s tightening oversight of the financial sector, according to Bob McCooey, senior vice-president of Nasdaq’s listing services unit. “We foresee the number of China listings to be materially higher in 2018, with a 25 to […]
TECH START-UPS
Chinese computer manufacturer Lenovo recorded a fourth-quarter net loss of $289 million, the Financial Times reports, following a one-off charge of $400 million due to US tax reform in 2017. The loss came as a surprise to analysts, who had forecast net profits for the quarter in the region of $125 million. In the same […]
China’s HNA group has revealed concerns about its financial standing, Reuters reports, telling creditors that it may face a cash shortfall of at least 15 billion yuan ($2.4 billion) in the first quarter. The company is working on shedding some its assets to raise liquidity, but chairman Chen Feng is confident that HNA will adequately handle […]