Shanghai’s economy has been hurt this year by fallout from the country’s “zero-Covid” policies. … [+] Photographer: Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP Hong Kong billionaire Lui Che-woo has been making successful investments in Shanghai real estate since the 1980s, such as K. Wah Center set along the city’s swank Huai Hai Road. A…
China Last Night KraneShares Week in Review The Public Company Accounting Oversight Board (PCAOB) began the process of reviewing the audit books of US-listed Chinese companies on Monday by meeting with PWC and KPMG in Hong Kong. The National Development and Reform Commission (NDRC) of China announced new policies to stimulate consumption, offering particularly favorable…
China Last Night KraneShares Key News Asian equity markets closed lower to start the week in anticipation of the US Federal Reserve hiking interest rates another 75 basis points. However, India managed a small gain while Japan was closed for the “Respect For The Aged Day” holiday. I apologize in advance for sounding like a…
China Last Night KraneShares Key News Asian equities followed the U.S. south after the higher-than-expected inflation print in July and heightened expectations of rate hikes from the U.S. Federal Reserve. Tencent and NetEase NTES both confirmed they received 73 new game approvals, further evidence that the China’s internet regulatory cycle, as it applies to gaming,…
China Last Night KraneShares Key News Asian equities were largely higher while Hong Kong was off as the Asia Dollar Index increased overnight. Hong Kong and Chinese biotech stocks were hit hard after President Biden’s Cancer Research “Moonshot” initiative was launched, presenting the potential for onshoring contract research that is currently done by Chinese firms.…
China Last Night KraneShares Week in Review Asian equities had a mixed week as the Hang Seng and Hang Seng Tech had a down week following further China lockdowns, however, Mainland markets were positive for the week after President Xi’s call for domestic production of key technologies. Tencent had a down week as they had…
China Last Night KraneShares Key News Asian equities had an off day except for China, Malaysia, and Thailand as the Asian currency index posted another 52-week low versus the US dollar. Today was another divergence between onshore China and offshore China. Based on your definition of China, you could have made money or lost it…
China billionaire Guo Guangchang’s Fosun International controls money-losing Fosun Tourism, the … [+] owner of Club Med and other luxury tourism brands. (Photo by Chesnot/Getty Images) Getty Images Shares in Fosun International, the flagship of Shanghai billionaire Guo Guangchang, tumbled by 5.9% to a more than nine-year low in Hong Kong on Tuesday as the…
China Last Night KraneShares Week in Review Asian equities had a mixed week as US dollar strength and Fed Chair Powell’s hawkish comments from Jackson Hole weighed on local currencies in the region, and China reported mixed economic indicators, showing an expansion of the services economy and a contraction in manufacturing in August. E-Commerce giant…
A BYD Co. logo on a Yuan sports utility vehicle (SUV) at the company’s showroom in Beijing, China, … [+] on Wednesday, Aug. 25, 2021. Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Net profit in the first six month of 2022 at BYD, the world’s largest maker of electrics vehicles, tripled amid soaring sales,…