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Operator Welcome everyone to Global Cord Blood Corporation Earnings Conference Call for the fiscal year 2021 Third Quarter. [Operator Instructions] Now I would like to introduce Ms. Cathy Bai, VP of Corporate Finance to begin the presentation. Please. Cathy Bai Vice President of Corporate Finance Thank you, Aaron. Good morning, everyone. Welcome to our fiscal 2021 third quarter earnings conference call. A press release discussing our financial results has already been published and a copy is available on our Company s website. During the call, our management team will summarize corporate developments and financial highlights for the quarter. A question-and-answer session will follow. Before we begin, please note that today s discussion will contain forward-looking statements that are subject to certain risks and uncertainties and actual results could be materially different from these forward-looking statements. ....
Hong Kong's $600 Billion Stock Rally Hinges on Beijing's Support bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Such was the case on Tuesday, when the People’s Bank of China withdrew incremental liquidity and an adviser warned obliquely of asset bubbles. The result was the biggest drop in eight months for the Hang Seng Index. State media was quick to calm nerves, with the Securities Times urging investors in a front-page editorial to avoid reading too much into the central bank’s money-market operations. The benchmark stabilized on Wednesday, losing just 0.3%, even though the PBOC withdrew a greater amount of funds than the prior day. On Thursday, the benchmark fell as much as 1.7% in morning trade as the PBOC withdrew short-term liquidity at the fastest pace in three months. ....