Bottled water company founder is China’s third-richest man after another blockbuster Hong Kong IPO

Fund flows from mainland China were particularly strong. For the first eight months, net flows from China to Hong Kong stocks via the Hong Kong Stock Exchange surged to more than $55 billion, up nearly 190% from a year ago, according to estimates by China Galaxy Securities.

‘Mulan,’ once a sure thing, becomes a problem for Disney

Disney has a lot at stake in China. The company spent $5.5 billion developing its Shanghai Disneyland resort and has been expanding its smaller park in Hong Kong. The movie market there is also on track to become the world’s largest. But with both Republicans and Democrats focusing on China trade and cultural issues in […]

China says it will join Russian military exercises this month along with Iran, Belarus and others

U.S. won’t “allow” China and Russia to increase nuclear weapons stockpiles Since establishing a “comprehensive strategic partnership” two decades ago, China and Russia have cooperated increasingly closely on military matters and diplomacy, largely to counter U.S. influence. Their militaries regularly hold joint exercises and they regularly back each other in the United Nations over issues including […]

Scandalous secrets of A-list celebs and royals who stayed at Savoy Hotel

Outlandish cakes were a speciality. For the 1963 premiere of Cleopatra starring Elizabeth Taylor and Richard Burton, the towering pyramid confection was so spectacular it merited description in the Encyclopaedia Britannica. Taylor’s first stay had been in 1950, aged 18, for the honeymoon of her eight-month marriage to her first husband Conrad Hilton Junior. Richard […]

China tech veterans to launch ‘domestic replacement’ fund amid US sanctions

Chinese tech veterans, including former executives at Huawei and SMIC, are planning to launch a “domestic replacement” fund by the end of the year to help create China’s next tech giant and support Chinese companies sanctioned by Washington. Venture capital firm China Europe Capital aims to raise 5 billion yuan ($731.46 million) for the fund […]

As Mulan Opens in China, Disney is Under Fire From All Sides in America

“The world has not seen a mass internment of an ethnic-religious minority group comparable to this since the Holocaust. Yet, Disney has not only chosen to film in Xinjiang, but also to thank—and by extension legitimize—the very people and organizations responsible for some of the most heinous human rights violations of our times. This is […]

Beyond the crash

It is also, however, fragile. China’s credit boom is unprecedented. The setback it suffered in 2015-2016 shook the world economy. As both the Bank of England and the IMF have warned, along with Britain’s financial exposure to China comes serious risk. If a China meltdown is the great tail risk that hangs over the world […]