The largest drone manufacturer in the world, DJI Technology, announced a temporary suspension of business in Russia and Ukraine to make sure that its products aren’t used for combat. The move makes it the first major Chinese company to suspend sales to Russia since the initial invasion of Ukraine in February, reports Reuters. “DJI is internally […]
Category: Markets
The lack of initial public offerings due to China’s corporate crackdowns and covid-related issues has placed Hong Kong Exchanges & Clearing Ltd among the worst-performing listed bourses globally this year, reports Caixin. The exchange’s shares have retreated about 28% in 2022, just behind those of Moscow’s bourse and cryptocurrency platform Coinbase Global Inc. The HKEX is […]
Property companies from Mainland China are easing back their presence in Hong Kong in an attempt to deal with a debt crisis that has upended a sector at the heart of the world’s second-largest economy, reports the Financial Times. Cash-strapped property company Kaisa, the Chinese sector’s second-biggest offshore bond issuer after heavily-indebted Evergrande, sold an […]
The asset management sector in China experienced something of a revival in 2021, recording its first >10% growth since 2018, after almost three years of industry shakeups and regulation changes, reports Caixin. The industry expanded 11% in 2021 to a record RMB 134 trillion ($20.5 trillion) at the end of 2021, according to a report […]
The Chinese Q&A website Zhihu fell over 20% in its trading debut in Hong Kong on Friday, the drop coming a day after the company was added to a list of firms facing potential ejection from US markets, reports Nikkei Asia. The drop marks the worst start among around 20 Chinese stocks that have taken […]