BlackRock, the world’s biggest money manager, downgraded Chinese stocks and their emerging-market peers. That reversed its bullish call in February as China’s post-Covid reflationary measures fell short of expectations.
A Hong Kong court on
Wednesday adjourned the formal hearing for a winding-up petition
against Chinese property developer Kaisa Group to Oct.
6. The adjournment was initiated because the.
Kaisa Group: Kaisa in July said a winding-up petition had been filed against it in a Hong Kong court by Broad Peak Investment Pte Advisers Ltd in relation to non-payment of onshore bonds worth 170 million yuan ($23.50 million).
Swire Properties will shell out a total of 9.7 billion yuan (US$1.3 billion) to bid for stakes in two state-owned companies in Shanghai that own two prime sites in the city’s Pudong New Area.