China Last Night KraneShares Week in Review China released the October manufacturing and non-manufacturing PMIs on Monday, showing that the non-manufacturing sector expanded while the manufacturing sector contracted. The release highlighted the problems facing policymakers and companies globally: slower growth and higher input costs. Asian equities closed slightly lower overall on Tuesday as investors awaited…
New Central Harbourfront Courtesy of Henderson Land Henderson Land Development—controlled by billionaire Lee Shau Kee—will invest a total of HK$113 billion ($14.5 billion) to build an iconic landmark with 1.6 million square feet (148,645 square meters) of office and retail space in Hong Kong’s Central harbor front. The total investment includes the record HK$50.8 billion…
Renminbi getty This story is part of Forbes’ coverage of China’s Richest 2021. See the full list here. Since the Chinese Communist Party’s centennial anniversary in early July, President Xi Jinping has doubled down on his plans to reshape China’s economy. The country under Xi has shifted to calls for “common prosperity” as it tackles rising…
China Last Night KraneShares Key News Asian equities were mixed as Japan, India, and Northern Asia markets outperformed a weaker South Asia. Hong Kong and China were mixed as the Hang Seng fell -0.88%, dropping back to the big round number of 25,000. Hang Seng Tech fell -1.51%, Shanghai fell -0.08%, Shenzhen gained +0.49%, and…
Hui Ka Yan speaks during the company’s annual results news conference in Hong Kong, China, on March … [+] 30, 2015. Jerome Favre/Bloomberg China Evergrande Group has again managed to avoid falling into default by paying $45.2 million to bond holders just before its grace period expired, but analysts say the cash-strapped developer is still…
City at night KraneShares Key News Asian equity markets were largely off overnight with India off nearly -2%. Mainland China was dragged lower by energy and materials stocks with coal stocks down significantly on policies capping the price. Coal futures on the Dalian Exchange slumped -11% overnight having fallen -35% from their October 19th high. Inflationary…
FILE – In this Sept. 29, 2021, file photo, U.S. Trade Representative Katherine Tai speaks at the … [+] beginning of the “Workforce Management into. Tech Jobs” roundtable during the inaugural meeting of the U.S.-EU Trade and Technology Council (TTC), in Pittsburgh. China and the U.S. held a virtual meeting on Saturday, Oct. 9, 2021,…
Evergrande sign KraneShares Week in Review China’s GDP grew by +4.9% year-over-year in Q3 versus an estimated 5.1%, according to an official release Monday, as covid lockdowns dampened economic activity. But, consumers moved online as retail sales in September grew by +4.4% year-over-year in September versus and estimated 2.7% Hong Kong internet stocks rallied this…
aerial view of shanghai at night getty Week in Review Asian equities opened the week mixed on Monday as China internet stocks listed in Hong Kong rebounded and China’s government announced measures to counteract the power shortage, including allowing energy prices to float more freely. Rising energy and commodity prices continued to weigh on broad…
China cityscape KraneShares Key News Asian markets were mixed as Mainland China was nearly flat and Hong Kong was closed for its National Day holiday. The STAR Board managed a small gain and volumes were weak as Northbound Stock Connect was closed due to the market holiday in Hong Kong. Inflation data was released in…