Uncertainty hangs over China’s ecomony, as firms rush for overseas IPO

BY EFES YU    The rush for offshore Initial Public Offerings (IPO) signals a wide spread feeling of uncertainty over the prospect of China’s economy as the trade war escalates, despite Hong Kong reclaimed the crown as the No.1 market for listing worldwide. On Wednesday, Bitmain Technologies, the world’s biggest virtual currency mining firm founded by mainland entrepreneurs, filed their IPO application to Hong Kong’s … Continue reading Uncertainty hangs over China’s ecomony, as firms rush for overseas IPO

China to Issue Yuan Dominated Bonds in Turkey, as Lira Crisis Deepens

* Expert says impacts on China will be limited By Silvi writer The Bank of China said its has plan to issue Chinese-yuan dominated bonds in Turkey, as the country’s lira crisis deepens, contagion across the emerging markets has widened. South Africa’s rand, Argentina and Mexico’s pesos, Russia’s rouble and emerging market stock markets around the globe have been dragged into the crisis, but Chinese … Continue reading China to Issue Yuan Dominated Bonds in Turkey, as Lira Crisis Deepens