Chinese spicy snack food maker Weilong Delicious Global Holdings … CICC, Morgan Stanley and UBS are sponsors, global coordinators, bookrunners and lead managers on the IPO. BNP Paribas and Futu …
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Morgan Stanley upgrades China stocks as global investors cheer on Covid reopening hopes
Global traders are increasingly feeling more bullish on China, as they bet the country will gradually unwind Covid restrictions following widespread protests.
China stocks surge, yuan jumps past 7 per dollar after COVID curbs eased
“The China reopening trade maintained its strong momentum in the beginning of this week. The positive headlines continued to fuel risk sentiment in China,” said Ken Cheung, Chief Asian FX Strategist …
China’s Covid pivot may be damned by faint praise
Beijing’s abandonment of its draconian zero-Covid policy has reassured markets and calmed protesters, but it may not do much for the economy. It is one thing to stop harsh lockdowns and ease travel …
Oil prices rise after OPEC+ keeps output cut targets, China eases COVID curbs
SINGAPORE -Oil prices edged up on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same time, in…
China eases virus controls, but gives no indication of end to ‘zero Covid’
Commuters in Beijing and at least 16 other cities were allowed to board buses and subway trains without a virus test from the previous 48 hours.
Chinese court says NFTs are virtual property protected by law
Chinas Hangzhou Internet Court was faced with a civil lawsuit where it had to “confirm the legal attributes” of nonfungible tokens (NFTs) and found the asset class was “virtual property” subject to …
ETH Eyes $1,350 as the BTC Bulls Target a Return to $18,000 on China
Following a Sunday rebound, BTC and ETH were in rally mode this morning, with BTC eyeing $18,000. US stats and the NASDAQ will need factoring later.
Chinese car brands build shipping fleets
China’s automotive brands are getting into shipping at a time where car carrier rates have been hitting record highs and the nation has surpassed Germany to become the second-largest producer of cars …
Chinese smartphone brands see shipments decline in 3Q22, says DIGITIMES Research
As a result of the feeble smartphone sales in their home market China and inflation-induced smartphone purchases reduction by overseas consumers, Chinese smartphone brands, to lower channel inventory …
China services activity shrank to six-month lows in November: Caixin PMI
A private-sector business survey has shown that China’s services activity shrank to six-month lows in November. This happened amid widening Covid curbs that directly impacted demand and operations.
Chinese snack maker Weilong Delicious aims to raise up to $141 mln in trimmed-down Hong Kong IPO
CHINESE spicy snack food maker Weilong Delicious Global is aiming to raise up to $141 million in a Hong Kong initial public offering launched on Monday, well below its initial target of about $1 …
Chinese carmakers are ordering their own ships to get export ready
BYD Co., which only makes electric and hybrid cars, is going the extra length to avoid any last mile supply chain snarls, ordering at least six ships in October, each with the capacity to carry…
