Goldman Sachs advises investors to hedge their exposure to chipmakers by purchasing put options. Geopolitical risks and earnings pose a downside risk.
BUSINESS
US’ reported plan to tighten export controls on chips targeting China to disrupt global supply chain: MOFCOM
The US’ reported move to tighten export controls on semiconductors targeting China by taking stricter measures to pressure companies in countries such as Japan and the Netherlands severely deviates …
China’s pledge of economic reform met with cautious welcome as businesses await details
Party officials gave reporters a glimpse of possible reforms, such as efforts to build a “national strategic talent force”. Read more at straitstimes.com.
China’s third plenum vows support for private sector, ‘stable’ climate for foreign firms
Observers and business owners welcome initiatives but some raise concerns about implementation at the local level.
Billionaire Mark Cuban Issues ‘Crazy’ Bitcoin Price Prediction Amid Wild Ethereum, XRP And Crypto Swings
Cuban, who’s an outspoken Democrat, supporter U.S. president Joe Biden and famously said in 2018 he’d rather have bananas than bitcoin, became a bitcoin and crypto convert through the Covid pandemic …
Hong Kong fund strikes another AI deal with Beijing robot maker Galbot to boost industry
Hong Kong Investment Corporation is partnering with the start-up to create the HK-Galbot Embodied AI Lab, with prioritisation for the city as an IPO destination.
China stays the course on reform after third plenum, leaving Western businesses in limbo
Western chambers of commerce in China, hoping for sweeping pro-market reforms from the third plenum, will have to keep waiting after an initial summary suggests little in the way of sea changes.
China’s consumers aren’t buying stuff, but it’s not because they’re broke
China’s household deposits reached a record high of around 147 trillion yuan, or $20.2 trillion, at the end of June.
China’s commodity import trend driven by prices, not economy
Indonesian coal with an energy content of 4,200 kilocalories per kilogram , a grade popular with Chinese utilities, ended at $52.70 a ton in the week to July 12, down 9.2% so far this year,…
China’s exports surge, pushing trade surplus to $99bn amid tariff threats
China’s exports hit a record $99bn trade surplus in June despite tariff threats from Donald Trump. High-value technologies drive growth as US and EU impose tariffs on Chinese goods.
Manycore Tech Said to File for $200 Million Hong Kong IPO This Year
Manycore Tech Inc., a maker of 3D design software, is preparing to file for a Hong Kong initial public offering as soon as this year to raise as much as $200 million, people familiar with…
China’s Third Plenum Leaves Investors Longing For More Specifics
China concluded its Third Plenum, a key economic policy-setting meeting, but the initial reaction to its priorities has been lacklustre.
Delistings outnumber IPOs in Hong Kong so far this year
HONG KONG — Kin Yat Holdings, a Hong Kong electronics manufacturer and trader that listed before the territory returned to China in 1997, is planning to go private as its mainland businesses, from …
ADVERTISEMENT
