Client Challenge

Client Challenge

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U.S. beef exports to China still on hiatus

U.S. beef exports to China still on hiatus

The U.S. is still waiting for China to renew certificates for nearly 400 facilities, and it continues to impact beef exports. Kent Bacus, the executive director for government affairs with the National Cattlemen’s Beef Association, says China has failed to follow through on the terms of the Phase One trade agreement negotiated during President Trump’s…

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Wuxi AppTec raises US$981 mn in Hong Kong offer amid growing appetite for Chinese biotech

Wuxi AppTec raises US$981 mn in Hong Kong offer amid growing appetite for Chinese biotech

Wuxi AppTec, Asia’s largest provider of contract pharmaceutical research, has raised HK$7.70 billion (US$981 million) through a sale of additional shares in Hong Kong as it rides the wave of bullish appetite for Chinese biotechnology shares. The Shanghai-based company sold 73.8 million new shares to institutional investors at HK$104.27 each, a 6.9 per cent discount…

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