As we end the week, Russia has changed the global strategic equation that has existed uncomfortably for many years with its invasion of Ukraine. With what consequences, it is much too early to say. How will the West respond, how will the Ukrainian people respond, to what extent will business interests impact on political decisions? […]
Category: Markets
Chinese buyers have snapped up a set of satirical non-fungible tokens (NFTs) whose developers had warned buyers that they were just there to “sell pictures” and that they were likely to just “take the money and run,” reports the South China Morning Post. Selling out within the first hour, the project highlighted the get-rich-quick mindset […]
A pilot program aimed at developing China’s individual private pensions market will be expanded nationwide on March 1, reports Caixin. The program, which was initially trialed last year in two provincial-level regions, will now also allow pension insurance companies to participate. The “special commercial pension insurance” program started in East China’s Zhejiang province and the […]
Chinese medical device manufacturer Meihua International Medical Technologies became the first China-based firm to list in the US since the ill-fated Didi Global IPO in July, reports Bloomberg. Meihua sold 3.6 million shares, fewer than it had originally proposed, for $10 each on Wednesday to raise $36 million, according to a statement. It had marketed […]
Overseas investors continued to put money into the Chinese bond market in January, but analysts have issued warnings around possible challenges ahead due to US-China policy tensions, reports the South China Morning Post. Inflows have provided a sweet spot for policymakers as foreign holdings of interbank bonds reached RMB 4.07 trillion ($640 billion) at the […]