China Economic ReviewKE Holdings, a Chinese online property platform backed by SoftBank Group, debuted in Hong Kong Wednesday after choosing a listing path that doesn’t involve selling new shares or raising funds, reports Caixin. The stock ended its first trading session at HK$30.75 ($3.92), after opening at HK$30. KE Holdings’ dual primary listing in Hong Kong was […]
Export growth in China dropped to its lowest level in almost two years, while imports stayed relatively the same in April as increasing Covid curbs stopped factory production and dented domestic demand, reports Reuters. Exports in dollar terms grew 3.9% in April from a year earlier, dropping sharply from the 14.7% growth reported in March […]
The world’s largest money manager, BlackRock, has trimmed its exposure to Chinese government bonds and stocks, and more broadly Asian fixed income, to neutral from a slight overweight, reports Reuters. The company cited geopolitical issues as well as a deteriorating macroeconomic outlook. “China’s ties to Russia also have created a new geopolitical concern that requires […]
Controversy-ridden Chinese coffee chain Luckin Coffee is deliberating over a Hong Kong listing, as the Starbucks challenger seeks to further a comeback from its 2020 Nasdaq expulsion, reports the South China Morning Post. The chain, headquartered in the Fujian provincial city of Xiamen, obtained a so-called “light touch provisional liquidation” approval from the Cayman Islands […]
Climate-focused funds in China grew by almost 150% last year, moving the country past the US to become the second-largest global market, bolstering the push for China to become a carbon neutral country by 2060, reports Bloomberg. China’s fund assets grew to $47 billion in 2021, a 149% increase from the previous year sparked by […]