The Best Reads of the Week From Caixin
Xiaomi Inc. will postpone offering its shares on the Chinese mainland until after it has listed in Hong Kong, the company said this week. The smartphone-maker had planned to sell at least half of its listing shares through Chinese depositary receipts (CDRs) on the mainland to complement its initial public offering (IPO) in Hong Kong, but now says it will “pick a time” to issue the CDRs after it lists in Hong Kong.
Margin calls on pledged equity that rapidly lost value earlier this week added pressure on stocks after trade tensions with the U.S. pushed China’s mainland benchmark stock index to its lowest point in nearly two years.
China’s land and migration policies are contributing to the country’s overuse of agricultural chemicals, a new study from a group of prestigious international universities led by Zhejiang University and Stanford University has found.
China on Tuesday vowed to fight back “forcefully” after the U.S. announced potential new tariffs on Chinese exports, calling the measures “extortion.” The latest developments highlight a renewed escalation of trade tensions between the world’s two largest economies.
Chinese mainland shares tumbled on Tuesday with the benchmark stock index closing at its lowest point in nearly two years as trade tensions escalated between the U.S. and China over the long weekend.
These are the five stories that I don’t want you to miss from last week. Please share your comments on the In Focus section and on our other coverage at firstname.lastname@example.org.
And when you’re done perusing these must-read stories, check out Caixin’s weekly digital magazine.
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas