CLN KraneShares Key News Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains. I would have thought that a 10% tariff was expected or would have been cheered, as 10% is better than 60%, which is
CLN KraneShares Key News Asian equities were mixed overnight as Hong Kong-listed growth stocks outperformed and India underperformed. Yesterday, Hong Kong-listed growth stocks had a strong day, as the Hang Seng Index gained +1.75% and the Hang Seng Tech Index gained +2.59% following President Trump and President Xi’s Friday phone call that took place after
Slaughterhouses in Brazil have become a target for armed robbers looking for a prized possession twice as valuable as the price of gold – a cow’s gallstone. Cattle gallstones are one of the most treasured ingredients in traditional Chinese medicine as they are used to treat strokes stemming from an increasing problem of hypertension and obesity,
Hong Kong’s initial public offering (IPO) market is set to revive amid growing signs of recovery, including investor confidence embedded in the convertible bond market and a large pool of listing candidates in the pipeline, according to global top arranger Citigroup. Those signs include a rebound in the US IPO market, stability in China’s macroeconomic
An aerial drone photo taken on Feb. 2, 2024 shows a container vessel berthing at the smart zero-carbon terminal of Tianjin Port in north China’s Tianjin. (Xinhua/Zhao Zishuo) BEIJING, March 18 (Xinhua) — China’s fixed-asset investment went up 4.2 percent year on year in the first two months of this year, 1.2 percentage points higher
On August 26, Pinduoduo released its second-quarter financial results for 2024, covering the period ending June 30. The company reported total revenue of 97.06 billion yuan, an impressive year-on-year increase of 86%, but this fell short of market expectations of 99.985 billion yuan. Additionally, the net profit attributable to Pinduoduo‘s common shareholders reached 32.01 billion
(Bloomberg) — China has initiated stress tests with financial institutions on their bond investments, to make sure they can handle any market volatility should a record-breaking rally reverse, according to state-run media. Most Read from Bloomberg The People’s Bank of China has made a gradual start to the tests recently, wary that a bull run
The special guaranteed loan scheme has seen over HK$13 billion in bad debts, says Paul Chan. SING TAO Algernon Yau Previous Next Caroline Zheng Hong Kong must be wary of resurrecting a special guaranteed loan scheme for small businesses introduced during the Covid pandemic as it could encourage excessive
Facing an economic crisis and consequently fewer US dollars and other hard currencies, Egypt floated a three-year sustainability panda bond worth 3.5 billion yuan (US$478 million) in October. Panda bonds – typically denominated in yuan and issued in China by non-Chinese organisations, including governments and corporations – have gained traction as traders and countries seek
China should consider expanding its property tax trial to Shenzhen and some low-tier cities, said a senior government adviser, a move that would pave the way for the much-delayed legislation and nationwide implementation and also bring a new source of revenue for debt-ridden local governments. Shenzhen, which is home to tech giants such as Huawei,