(Bloomberg) — After Beijing slammed them shut about a decade ago, the gates have flung open again for Chinese firms to go on overseas acquisition sprees. In January alone, the volume of outbound mergers and acquisitions from Greater China approached $12 billion, the most for the first month of a year since 2017. The shopping…
(Bloomberg) — Treasuries extended losses after Chinese regulators were said to have advised the nation’s financial institutions to rein in their holdings of US government bonds due to concerns over market volatility. Yields on 10-year Treasuries climbed as much as four basis points to 4.25% before paring the increase to two basis points. The rate…
(Bloomberg) — The People’s Bank of China is boosting the supply of money available to banks to ensure they can meet the surge in demand for cash during the Lunar New Year holidays. The central bank injected a total of 600 billion yuan ($86.4 billion) via a 14-day repurchase agreements late last week, ending a…
(Bloomberg) — Treasury Secretary Scott Bessent cited Chinese traders as a reason behind last week’s wild swings in the gold market. “The gold move thing — things have gotten a little unruly in China,” Bessent said on Fox News. “They’re having to tighten margin requirements. So gold looks to me kind of like a classical,…
(Bloomberg) — President Donald Trump is set to launch a strategic critical-minerals stockpile with $12 billion in seed money, a bid to insulate manufacturers from supply shocks as the US works to slash its reliance on Chinese rare earths and other metals. The venture — dubbed Project Vault — is set to marry $1.67 billion…
(Bloomberg) — In the history of the silver market, prices had traded above $40 an ounce for only a handful of brief periods before last year. On Friday, exhausted traders watched in shock as the precious metal plunged by that much in less than twenty hours. For weeks, traders across the metals world have spent…
Blackstone’s potential acquisition of a stake in New World Development (NWD) will help the embattled Hong Kong-listed developer improve its balance sheet and liquidity, benefiting creditors and shareholders alike, according to analysts. The New York-based private equity giant’s investment in NWD could take the form of “shareholder loans or direct equity financing, as well as…
(Bloomberg) — Copper surged by the most in more than 16 years as metals extended a dramatic start to the year fueled by a wave of intense speculative trading in China. Chinese investors are piling into metals as they ride a powerful wave of momentum that has lifted everything from tin to silver to record…
(Bloomberg) — Treasury Secretary Scott Bessent suggested that Prime Minister Mark Carney did an “about-face” by striking a deal with China to lower some trade barriers, reinforcing President Donald Trump’s latest tariff threat against Canada. “The Canadians a few months ago joined the US in putting high steel tariffs on China because the Chinese are…
As Chinese biotech and pharmaceutical firms gain importance on the global stage, foreign investors from sovereign wealth funds to industry players are securing strategic stakes in their future success. International institutional investors have built up significant positions in Chinese biotech firms over the past decade. These positions often approach, and in some cases exceed, the…