Xi said there should be more cooperation within the Greater Bay Area to attract young people from Hong Kong and Macao to the mainland and so “increase their sense of belonging to the motherland.” ……
Monthly Archives For October 2020
Asia Today: India reports 63,000 new cases, China tests 4.2M
India has confirmed more than 63,000 new cases of the coronavirus, an increase of over 8,000 from the previous day but still far fewer than it was reporting a month ago, when the virus was…
Shares of China property developer Evergrande dive after announcing discounted new share sale
The cash-strapped company was downgraded by ratings agency S&P Global Rating from “stable” to “negative” recently due to weak liquidity. ( read original story …)
China shares drop on property sector woes, Xi speech aids tech stocks
Property sector leads losses on Evergrande’s slimmed share-sale * Tencent hits record high on Xi’s speech. BEIJING, Oct 14 (Reuters) – … ( read original story …)
China Targets U.S. Buyers with $6 Billion Dollar Debt Sale
China is pressing ahead with a dollar bond sale amid growing uncertainties over U.S. elections and tensions with Washington. ( read original story …)
The World’s Largest Potential IPO Is Under Threat
Billionaire Jack Ma’s Ant Group is said to be seeking a valuation of about $250 billion as it plans a dual listing in Hong Kong and Shanghai, which could raise at least $35 billion. The…
Ant Group’s IPO reportedly faces delays as Chinese regulator conducts a probe
Alipay acts as the only third-party agency for retail investors looking to buy into the five Chinese mutual funds investing in the IPO. ( read original story …)
China’s Xi backs stronger property rights, protections for entrepreneurs in Shenzhen
Shenzhen will strengthen property rights and protection of entrepreneurs, China’s President Xi Jinping said Wednesday a speech to marking the establishment of the country’s first economic zone in the … ( read original story …)
China’s Xi promises changes to promote tech center Shenzhen
BEIJING (AP) — President Xi Jinping promised Wednesday new steps to back development of China’s biggest tech center, Shenzhen, amid a feud with Washington that has disrupted access to U.S. technology … ( read original…
Breakingviews – Ant’s IPO delay flags a recurring headache
Beijing has tended to wait and watch how Ant has developed this market or that, weigh its impact on other banks, then implement restraints. Ant has proven itself nimble, but there was no compelling ……
Shenzhen’s unaffordable home prices could hurt Beijing’s plan to turn the Greater Bay Area tech hub into model city
Beijing’s blueprint to develop Shenzhen and showcase it a centrepiece of its economic reform and attract talent could hit a major stumbling block in the form of unaffordable housing prices, say … ( read original…
Boy band BTS under fire in China after thanking Korean vets for their service
Chinese internet users and state media took the comments as a slap at China, whose soldiers fought alongside North Korean forces during the 1950-53 war. ( read original story …)
Chinese bank signs debt suspension deals with 11 African countries
Exim Bank of China has signed debt suspension agreements with 11 African countries as Beijing committed to fully taking part in the Group of 20 Debt Service Suspension Initiative (DSSI). China’s … ( read original…
