Yuan Gains After PBOC Move, Asian Stocks Climb: Markets Wrap
August 21, 2018

The yuan extended gains following a rally triggered by a surprise China central bank move to make it more expensive to bet against the currency. Asian stocks advanced Monday as the earnings seasons rolls on.

The offshore yuan built on Continue reading

Hong Kongs IPO Takeoff Is Running Out of Runway
August 17, 2018

Brace, brace. Hong Kong’s IPO takeoff is going to come to a screeching halt.

There’s a flood of deals still in the pipeline, it’s true, from food delivery giant Meituan Dianping to biotech unicorn Innovent Biologics Inc. But investor fatigue is Continue reading

Trump Is Right: China Should Stop Stealing the U.S.’s Best Ideas
August 14, 2018

Suppose a Chinese electric carmaker wants to win market share by selling cars with the best cutting-edge battery technology. How does it get that technology? It can hire some engineers, build a lab and try to develop it inhouse. It Continue reading