Language : English 简体 繁體
Go

Search

简体 繁體

Foreign Policy Economy Environment Security Society & Culture Pacific Dialogue Magazine Videos
Media Report
June 12 , 2019
  • Bloomberg：Wall Street Is Lending Billions to China's Hottest Tech Unicorns
    Bloomberg reports, "Wall Street banks are taking their unicorn playbooks to China. After arranging billions of dollars in loans for highly valued -- and money-losing -- U.S. startups like Uber Technologies Inc., banks including Morgan Stanley and Goldman Sachs Group Inc. are angling to do the same for some of China's biggest unicorns. They helped Bytedance Ltd., owner of the wildly popular TikTok video app, borrow $1.3 billion in April and are said to be raising as much as $1.4 billion for two other Chinese tech startups -- borrowers that until recently had rarely tapped the syndicated loan market. Banks are betting the loans will lead to more lucrative mandates like initial public offerings, just as they did in the U.S. with mega-listings by Uber and several of its peers. But that's no guarantee as China's trade war with America spreads to the technology industry, heightening investor concerns over frothy valuations."
  • The New York Times：Hong Kong Police Fire Tear Gas and Rubber Bullets at Extradition Protesters
    The New York Times reports, "Riot police fired tear gas and rubber bullets in downtown Hong Kong on Wednesday as they repelled tens of thousands of protesters who had swarmed the city's legislature in anger over proposed legislation that would allow extraditions to mainland China. The street confrontation began on Wednesday afternoon when a small number of protesters stormed police barricades outside the Legislative Council and hurled bricks, bottles and umbrellas at the officers. The riot police responded by firing rubber bullets, bean bag rounds and tear-gas canisters at the protesters. The large-scale clashes — rare in this financial hub — underscore both the deep-seated anger that protesters feel about the erosion of liberties in the territory and the police's resolve to maintain order. They marked a sharp escalation of violence in a protest movement that took off in earnest on Sunday when an estimated 1 million people took to the streets in a march against the extradition bill and China's growing influence in the territory."
  • Reuters：Expectations low for Trump-Xi talks, preparations limited
    Reuters reports, "With under three weeks to go before proposed talks between the Chinese and U.S. leaders, expectations for progress toward ending the trade war are low and sources say there has been little preparation for a meeting even as the health of the world economy is at stake. President Donald Trump says he wants to meet with President Xi Jinping at the June 28-29 G20 summit in Osaka, Japan and will decide on whether to extend tariffs to almost all Chinese imports after that. Though neither side has confirmed that a meeting will take place, investors worldwide who have seen over a trillion dollars wiped from global markets in the past month by the trade fight will be closely watching any interaction between the two men. Relations have deteriorated since May when negotiations to end the U.S.-Chinese trade disputes broke down, all but killing off the possibility of an agreement in Japan."
Calendar
News
Commentary
Back to Top
2024 China-United States Exchange Foundation. All rights reserved.