Unisplendour Corporation, a subsidiary of state-backed Tsinghua Holdings, has scrapped year-long plans to get listed on the Hong Kong stock exchange, reports the South China Morning Post. Instead, it will raise $800 million via a private share placement on the Shenzhen exchange. The Shenzhen-listed developer of cloud computing software and manufacturer of servers and storage systems […]
Category: Investment
The Shanghai Integrated Circuit Industry Investment Fund, backed by the municipal government, has expanded one of its three funds more than 11-fold, reports the South China Morning Post. The move aims to pump more capital into the city’s chip firms as part of China’s broader pursuit of tech self-reliance. The third phase of the fund, also […]
As global capital trickles back toward China, policymakers are using tougher enforcement and cooling measures to slow the market’s pace in order to strengthen its appeal in the long term, reports Reuters. With fund managers now seeking to diversify away from dollar-heavy portfolios, Beijing’s calibrated approach could help reverse years of retreat when some investors even […]
The Chinese government is dramatically pumping up its investment in the development of semiconductors. The state-run Shanghai Integrated Circuit Industry Investment Fund has expanded one of its three funds more than 11-fold to RMB 6 billion in a move aimed at injecting more capital into more than 20 semiconductor firms. Semiconductors are clearly the link […]
A contract held by a Hong Kong company to operate ports at the Panama Canal was found to have violated the Panama constitution and not serve the public interest, reports Reuters. The country’s Supreme Court decision therefore voided the deal made in the 1990s. The court issued its verdict on Thursday, but it did not formally […]