Analysis
Local governments already owe more than $9 trillion in offshore debt.
Offshore debt issuances by China's local governments come under regulatory scrutiny
Affirm starts offering BNPL loans for elective medical procedures
JPMorgan China names new chair of China securities unit
Shares of Chinese tea shop chain ChaPanda sink in Hong Kong debut
Citi appoints Amit Dhawan as head of Citi Commercial Bank for Singapore
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People
Lu will be responsible for the overall management of the company.
IPOs & Markets
Its $330m IPO is the largest in Hong Kong so far in 2024.
Venture Capital
The firm sealed a $43m Series C round in March 2023, followed by a strategic investment round last August.
The latest to list is ChaPanda.
Deals
An agreement would be the latest in a string of Aramco deals with Chinese refiners.
Many Chinese funds want to get exposure to European and US investors and also need to build offshore structures.
Shanghai Electric has been in talks to acquire a stake in KE for more than half a decade.
The purchases helped China’s CSI300 blue-chip index bounce back roughly 14% from five-year lows hit in Feb.
Greater China
NDRC expects more than 110 NEV models among a total of 150 new cars to be launched this year.