China reopening spurs record inflows into emerging market funds: BofA

Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China’s easing of its Covid-19 restrictions on activity, data on Friday from BofA Global Research showed. The sudden shift in Chinese policy has boosted many different asset classes, from commodities and mining stocks to currencies … Read more

China to allow Didi apps back online, in latest sign of regulatory thaw

Chinese authorities are set to allow Didi Global’s ride-hailing and other apps back on domestic app stores as soon as next week, five sources told Reuters, in yet another signal that their two-year regulatory crackdown on the technology sector is ending. Didi has been awaiting authorities’ approval to resume new user registrations and downloads of … Read more

Chinese Stocks, Investing Strategy for the End of Zero COVID: UBS GWM

After protests, China’s government is ending the zero-COVID regime that lasted two years. That should strengthen its economy — but it’s causing an increase in COVID cases first. Mark Haefele of UBS tells investors how to approach Chinese assets as circumstances evolve. In 2022, experts said that the global economy would get a boost after … Read more

More China cities ease curbs in expansion of Covid policy shift

More Chinese provincial capitals relaxed Covid restrictions as authorities expand a policy shift toward reopening the economy after anti-lockdown protests erupted across the country. Kunming, in the southwestern province of Yunnan, will effective Sunday allow people to ride public transport without showing a PCR test, while Nanning in the neighboring Guangxi region scrapped such testing … Read more

How a mysterious screenshot spurred $450-billion rally in China

Nobody is quite sure who wrote it, when it was written or if it’s even true. But a screenshot of four paragraphs detailing a China reopening plan was enough for traders to scoop up stocks for two days running. The unverified post, which contained black characters on a white background with no identifying marks, first … Read more

Beijing E-Town pulls out all the stops to attract top businesses

The Beijing Economic-Technological Development Area, also known as Beijing E-Town, has been ramping up efforts to foster strategically important industrial clusters that represent the latest in the science and technology world. The goal is to build itself into a hub of high-tech industries with international influence. Beijing E-Town saw its gross industrial output value reach … Read more