EXCLUSIVE Fretting about data security, China’s government expands its use of ‘golden shares’
The Chinese government has been expanding its practice of taking minority stakes in private companies beyond those specialising in online news and content to firms possessing large amounts of key data, two people with knowledge of the matter said.
U.S. SEC to tighten insider trading rules, boost money market fund resilience
The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed tightening a legal safe-harbor that allows corporate insiders to trade in a company’s shares, and other rules to improve the resilience of money market funds.
Airlines place their bets, looking past pandemic to renew fleets
As the world hunkers down for Omicron, some investors might expect the global jet market to be withering away. Far from it.
SenseTime plans Hong Kong IPO relaunch Monday, sources say
Chinese artificial intelligence startup SenseTime Group (0020.HK) plans to keep its Hong Kong initial public offering (IPO) at $767 million as it considers re-launching the withdrawn deal as early as Monday, four people with direct knowledge of the matter said.
Analysis: Fed’s pivot raises investor question: When does QT start?
Investors are asking a key question after the U.S. Federal Reserve accelerated its taper of bond purchases and unveiled more aggressive rate hike projections: When could the central bank eventually start to shrink its massive balance sheet?
EXCLUSIVE China audits Evergrande, chairman’s assets, no fire sale for now -sources
Chinese authorities are scrutinising the assets of China Evergrande Group (3333.HK) and its wealthy chairman Hui Ka Yan but expect no fire sale for now at the world’s most indebted property developer, two sources with direct knowledge of the matter said.
Exclusive: HSBC says clients must have plan to exit coal by end-2023
Europe’s leading banker to corporate Asia, laid out its long-awaited policy on financing thermal coal on Tuesday, and said it expected all its clients to have a plan in place to exit the fossil fuel by the end of 2023.
Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc (UBER.N) is looking to sell stakes in non-strategic assets including its holding in Beijing-based Didi Global Inc (DIDI.N), its CEO said on Tuesday, who also described the China market as a tough one with little transparency.
How companies can lower the bar in sustainability bond binge
Companies are selling a record number of bonds with penalties attached if they fail to meet environmental and social targets, but there’s a catch – some goals are so soft that firms can actually take their foot off the gas.
Company climate disclosures jump in 2021 as board pressure builds
The number of companies sharing climate data with CDP, the world’s leading disclosure platform, jumped by nearly 40% over the last year as investors and policymakers pressured boards, data seen by Reuters showed.
