I Bought Shares in Shein’s IPO So You Don’t Have To
The Hong Kong market debut of Shein has got plenty of bad press. Here’s why the first-day move isn’t as bad as it looks.
The Hong Kong market debut of Shein has got plenty of bad press. Here’s why the first-day move isn’t as bad as it looks.
Down close to 75% from its $100 billion peak valuation, the fast fashion retailer will list in Hong Kong while questions swirl about its prospects.
Poised to introduce a tax break for family offices and hedge funds, Hong Kong plans to extend its 0% income-tax rate to proprietary-trading houses.
The strong showing of East Asian equities stems from gains in memory stocks, as well as cheap currencies. What will the second half bring?
Japan, Korea and Taiwan are setting new records, while a potential trade to exploit the high degree of leverage creeps into the system.
Hong Kong has been a key route for mainland Chinese citizens to get their money out of the grasp of the Communist Party.