The United States cannot rely on China in a crisis. That is one of the clear lessons learned from the global pandemic. ( read original story …)
BUSINESS
In China’s Auto Market, Worries Grow That Cashback Deals and Gifts Presage Damaging Price War
Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards – these are just some of the giveaways China’s auto dealerships are using to woo customers out and about after spending much ……
We need a slow, step-by-step restart with China
Most Americans are at home, waiting for an end to the perils of covid-19 while counting on their leaders to identify the exact sequence of steps needed to restart our economy while still keeping ……
Five Luxury Brands That Are Winning 520 Day In China
To capitalize on the consumption rebound in China’s market right now, luxury brands are spending more than usual on their 520 marketing campaigns this year. ( read original story …)
Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO: sources
Daimler AG plans to invest in Farasis Energy’s planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people … (…
New IPO system to transform securities sector
China is likely to embrace large investment banks in a real sense, with the registration-based initial public offering system reshaping the country’s securities industry, experts said. The Central … ( read original story …)
China’s congress official proposes a blockchain development fund
China’s National People’s Congress (NPC) deputy has proposed a state-backed blockchain development fund. The fund aims to support the growth and development of promising blockchain organizations. ( read original story …)
WuXi AppTec-Backed Canbridge Taps Morgan Stanley for IPO
Canbridge Pharmaceuticals Inc., a Chinese drugmaker backed by WuXi AppTec Co., is working with Morgan Stanley as it starts early preparations for a planned Hong Kong initial public offering, people … ( read original story…
Hang Seng Index rebounds from rout as proposed security law roils sentiment, HKEX surges on Chinese IPO outlook
Hang Seng Index eked out a small gain after losing as much as 1.8 per cent in a market roiled by rising political temperatures. HKEX surged by the most in 18 months on improving IPO…
A member of China’s parliament suggests setting up national blockchain development fund
Tan Jieqing, a member of China’s parliament, or National People’s Congress, has recommended setting up a national, government-backed blockchain development fund.The post A member of China’s parliament … ( read original story …)
China Demands US Withdraw Sanctions on Tech Suppliers, Says It’s ‘Politicizing Business’
China demanded Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights. ( read original story …)
Chinese Retail Tycoon’s Wumei Considers Hong Kong IPO
Wumei Holdings Inc., the Chinese retail group that owns one of the country’s biggest supermarket chains, is considering an initial public offering in Hong Kong, people with knowledge about the matter … ( read original…
Hong Kong’s IPO Momentum Is Now Clouded by Political Turmoil
Hong Kong’s stock exchange was having a good week until Beijing crashed the party. Seen as one of the potential big winners from a bill last week by the U.S. Senate to limit listings of…
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