The restructuring prospects for one of China’s largest property developers coincide with Beijing’s “common prosperity” initiative, highlighting the challenge policymakers face to lift social harmony without derailing the economy.
State Bank of India’s agreement to buy Yes Bank stems from the central bank’s aspiration to maintain trust in the country’s financial system. However, as bank share prices and deposits fall, not everyone is reassured.
Sitting on a half a trillion dollars of non-performing assets, India’s desire to lift growth should be enough to allow foreign investors to fully tap the country’s distressed debt market. However, there are two major impediments to change.
Amid concerns over US sanctions, Alibaba-backed Megvii’s potential Hong Kong listing will become a litmus test for investors buying into next-generation technology stocks