The value of new initial public offerings (IPOs) in Hong Kong have dropped this year, making it a unique case across the globe as worries continue over the prospects for China’s tech sector after Beijing severely curbed offshore share sales, reports the Financial Times. IPOs in Hong Kong have raised less than $26 billion this […]
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One of the most significant and fundamental ways in which the Great Decoupling is unfolding is in terms of data. Foreign companies operating in China are now required to keep all relevant data in-country—that’s sort of old news—but Chinese companies and their data are more important and are very much the focus. The top news […]
Chinese carmaker Guangzhou Automobile Group (GAC) has announced that it will transfer RMB 11 billion ($1.7 billion) into its wholly-owned electric vehicle subsidiary, as the business is set to launch a rechargeable model that may have the world’s longest range, reports Caixin. The Shanghai-listed GAC will inject RMB 7.4 billion in cash and RMB 3.6 billion in […]
Three Chinese property developers, including Country Garden Holdings and Longfor Group, intend to sell bonds in China to collect a combined RMB 18 billion ($2.83), reports Reuters. The plans were found on the official registration system of China’s interbank debt market and show a marginal easing by Beijing of liquidity stresses on the struggling sector. […]
Jack Ma’s Ant Group is making it more obvious to customers whether they are borrowing money from outside parties or from the business itself, as the fintech giant continues to acquiesce with new regulations, reports The Wall Street Journal. Before its wings were clipped by Beijing, Ant, via its payment and lifestyle app Alipay, offered […]