Investors can choose to stick to higher quality, better cash-generating companies that are likely to survive, says Herald van der Linde of HSBC Global Research. ( read original story …)
Tagged By beijing
ASML reports better third-quarter sales, China growth to continue despite U.S.
ASML Holding NV, the semiconductor equipment maker, reported on Wednesday better than expected earnings for the third quarter, saying it saw double digit growth in 2021. ( read original story …)
China’s Xi uses key speech to promote integration of Hong Kong
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.” ……
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 …)
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 …)
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