China's securities watchdog has asked Cainiao, the logistics arm of Alibaba Group, to submit additional information about its shareholders and operational structure as the unit seek to list in Hong Kong. The China Securities Regulatory Commission (CSRC) also asked Cainiao to describe its business dependency on Alibaba, and provide details of spin-off plans by Alibaba's other businesses, according to a filing dated Nov. 10 which was reported by Chinese media on Tuesday.
For all the excitement whipped up in China's markets by the Politburo last week, foreign investors say policymakers' words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers. The sector accounts for a quarter of China's economy, yet developers' debts are sliding deeper into distressed territory, with repayment problems mounting while sales crumble. When the Politburo signalled that there would be changes to real estate policy, along with other measures to boost an economy, it ignited the biggest one-day buying spree in China's stock markets since 2021.
For all the
excitement whipped up in China s markets by the Politburo last
week, foreign investors say policymakers words will have to be
matched by substantive action to clean up an ailing.
HONG KONG/NEW YORK : For all the excitement whipped up in China's markets by the Politburo last week, foreign investors say policymakers' words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers.The sector accounts for a quarter of China's econom
SHANGHAI/HONG KONG, Dec 13 (Reuters) - Chinese leaders have reportedly delayed a key economic policy meeting amid growing signs that Covid-19 infections are surging nearly a week after Beijing jettisoned some of the world's toughest restrictions.