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Hua Hong Semiconductor, the world’s second-largest initial public (IPO) this year, made a stellar debut on mainland China’s Star Market despite being issued at twice the price of its Hong Kong-listed shares, buoyed by mainland investors’ zeal for the country’s chip self-sufficiency, reports the South China Morning Post. The mainland’s second-largest semiconductor maker opened at […]

China’s direct economic losses from natural disasters surged to RMB 41.18 billion ($5.74 billion) in July, more than in January to June combined, driven by severe weather as two powerful typhoons hit the country in one month, reports Reuters. The impact of floods, while common in China in summer, has grown more pronounced this year, […]

China’s biggest mutual funds are nearing government limits on offshore investment, as they seek higher returns elsewhere against a backdrop of slower growth at home, reports the Financial Times. China’s so-called Qualified Domestic Institutional Investor scheme, introduced in 2006, allows banks, brokerages and asset managers to bypass the country’s strict capital controls and buy securities […]

Chinese developer Yuzhou Group announced its debt restructuring plan, joining industry peers Evergrande Group, Sunac China Holdings, and Shimao Group, who are also seeking a revamp as sector conditions continue to deteriorate even as authorities roll out supportive policies, reports the South China Morning Post. The Hong Kong-listed property firm on Sunday night said in […]