The Chairman of the US Securities and Exchange Commission (SEC) Gary Gensler, has told SEC staff to “pause” the initial public offerings (IPOs) of shell companies that are commonly used by Chinese firms to list in the country, reports Caixin. In a video posted on his Twitter account Monday, Gensler said that he has asked SEC […]
Category: Markets
In the latest attempt to work around regulatory crackdowns and tighter rules enforced by the US and China, the operator of the Canadian donut-and-coffee chain Tim Hortons will list its China joint venture in New York via a merger with a special purpose acquisition company (SPAC), reports the South China Morning Post. Tim Hortons China, […]
Shares in Chinese clean energy companies have rallied this month as investors bet the sector will benefit from continued government support and avoid the crackdown that has engulfed the technology sector, reported the Financial Times. Beijing’s moves to tighten regulatory scrutiny over key strategic sectors will benefit advanced manufacturing, localization of technology and renewable energy […]
The top news of the week had nothing much to do with economics directly–the US came from behind at the last minute and pipped China to the post for the biggest medal haul at the Tokyo Olympic Games. But there is no doubt that this will have a psychological impact. Think about how the state […]
Despite the first month of trading on China’s national carbon market being notably lackluster, there has been one signal that all hope is not lost after the market recorded its first cross-border deal for carbon emission credits, reports Caixin. On Aug. 9, an institution and an individual from Hong Kong bought nearly 10,000 tons of […]