Lufax Ends Higher in Hong Kong Listing Without Raising Funds
Chinese online lender Lufax Holding Ltd., which listed in Hong Kong without raising money, gained on its first trading day.
Bloomberg Tech
Moody’s Withdraws Chinese Conglomerate Fosun’s Credit Ratings
Moody’s Investors Service has withdrawn Fosun International Ltd.’s credit ratings, citing insufficient information and months after the Chinese private conglomerate terminated the risk assessor’s services.
Crypto Firm Zipmex’s Buyout Hits Snag as Investor Seeks Haircut
The Thai fund buying struggling crypto exchange Zipmex is seeking to impose a steep haircut on its creditors under a revised buyout proposal.
China Warns of Rocket Debris Near Taiwan Ahead of Satellite Launch, Denies No-Fly Zone Claims
China said it released relevant notices on the risk of falling debris near Taiwan this weekend following a planned satellite launch, denying Taipei’s claims that a no-fly zone will be imposed to the north of the island.
US Secrets Leaks Leads to Drop in Support for South Korea’s Yoon
South Korean President Yoon Suk Yeol’s approval rating has fallen to its lowest level in about six months, dragged down by his response to leaked documents that purportedly showed the US spied on its ally.
US to Push Back Against China Economic Coercion at G-7 Meeting
The US is pressing the need for allies to coordinate against economic coercion, not just military threats, as Japan prepares to host top diplomats from the Group of Seven nations amid heightened tensions with China.
Taiwan Sees Chinese Economic Blockade More Likely Than War
Taiwan is working with friendly nations on how to respond to a possible economic blockade by China, a scenario that appears more likely than a direct military attack on the island, according to a senior Taiwanese diplomat.
Ether’s Post-Upgrade Jump Elbows Bitcoin Out of Crypto Spotlight
Ether has grabbed the limelight from Bitcoin as cryptocurrencies extend their rebound this year.
Crypto Lender Amber Mulls Potential Sale of Japan Subsidiary
Crypto lender Amber Group is weighing options for its Japan unit, including a possible sale, and plans to apply for a Hong Kong license following the city’s pivot toward creating a digital-asset hub.
Meta Urged to Halt Plans Allowing Minors Into the Metaverse
Dozens of advocacy organizations and children’s safety experts are calling on Meta Platforms Inc. to terminate its plans to allow minors into its new virtual reality world.