Hong Kong hails reopening to Wall Street despite Covid controversies, typhoon

Hong Kong hails reopening to Wall Street despite Covid controversies, typhoon

Hong Kong’s attempt to welcome back global investors with a flagship summit was overshadowed by the controversial handling of a top local official’s Covid-19 test result, a typhoon and a lack of debate on how coronavirus restrictions have dented investor confidence in both Hong Kong and Hong Kong. mainland China. Some of Wall Street’s top … Read more

Chinese property bonds hit record lows as investors lose faith

Chinese property bonds hit record lows as investors lose faith

HONG KONG—The bottom has fallen out of the market for bonds from Chinese property developers. Dollar bond prices of property companies in China have fallen to new lows, with some trading below 10 cents on the dollar. It reflects a loss of investor confidence in the sector, after a series of bond defaults shortchanged international … Read more

Chinese property bonds hit record lows as investors lose faith

Chinese property bonds hit record lows as investors lose faith

HONG KONG—The bottom has fallen out of the market for bonds from Chinese property developers. Dollar bond prices of property companies in China have fallen to new lows, with some trading below 10 cents on the dollar. It reflects a loss of investor confidence in the sector, after a series of bond defaults shortchanged international … Read more

Covid-19 Rules Take Shine Off Hong Kong’s Bid to Reopen

Covid-19 Rules Take Shine Off Hong Kong’s Bid to Reopen

Hong Kong will attempt to show it is back in business with a financial summit and premier rugby tournament next week, as strict pandemic controls have led to an exodus of talent and business from the city. But with most visitors still being forced to take PCR tests on arrival and banned from bars and … Read more

Fast-Fashion Juggernaut Shein’s Sales Close In on Zara, H&M

Fast-Fashion Juggernaut Shein’s Sales Close In on Zara, H&M

Online retailer Shein is on track to generate revenue of $24 billion this year, according to people close to the company, putting it within striking distance of the world’s largest fast-fashion giants—just a decade since its founding. Shein, which was started in China and is now based in Singapore, has grown rapidly thanks to a … Read more

Activist investor calls for overhaul of Korean tobacco giant KT&G

Activist investor calls for overhaul of Korean tobacco giant KT&G

An investment company founded by a former Carlyle Group Inc. CG 5.13% The executive has acquired a minority stake in a South Korean tobacco conglomerate and is demanding a business overhaul and spinoff of its ginseng business, according to a letter seen by The Wall Street Journal. Sanghyun Lee who served as Carlyle‘s CG 5.13% … Read more

Electric car manufacturers and suppliers are heading into a stormy IPO market

Electric car manufacturers and suppliers are heading into a stormy IPO market

Electric car makers in Asia and the companies that supply them are rushing to capital markets to raise money as they try to take advantage of a surge in demand for energy-efficient cars. There has been a lot of EV-related stock selling this year, even as much of the global market for IPOs has fallen. … Read more

Electric car manufacturers and suppliers are heading into a stormy IPO market

Electric car manufacturers and suppliers are heading into a stormy IPO market

Electric car makers in Asia and the companies that supply them are rushing to capital markets to raise money as they try to take advantage of a surge in demand for energy-efficient cars. There has been a lot of EV-related stock selling this year, even as much of the global market for IPOs has fallen. … Read more

Electric car manufacturers and suppliers are heading into a stormy IPO market

Electric car manufacturers and suppliers are heading into a stormy IPO market

Electric car makers in Asia and the companies that supply them are rushing to capital markets to raise money as they try to take advantage of a surge in demand for energy-efficient cars. There has been a lot of EV-related stock selling this year, even as much of the global market for IPOs has fallen. … Read more

Southeast Asia’s internet giants are betting on ‘Buy now, pay later’

Southeast Asia’s internet giants are betting on ‘Buy now, pay later’

Some of Southeast Asia’s biggest internet companies are trying to boost their revenue with an old-fashioned business: lending. Buy now, pay later services have taken off in Southeast Asia as a result of the Covid-19 pandemic. Grab Possessions Ltd. GRAB 3.61% Sea Ltd. and GoTo Group GOTO -3.25% offers all its customers short-term loans to … Read more