ByteDance founder tops China’s rich list for the first time, beating Tencent and Nongfu heads
ByteDance founder Zhang Yiming is now China’s richest for the first time, according to Hurun Research Institute’s China Rich List.
HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations
Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.
Japan’s political instability could cloud economic policy, herald ‘revolving door’ of prime ministers
Analysts predict a short tenure for Prime Minister Shigeru Ishiba, with one noting that Japan could return to an era of “revolving door” prime ministers.
CNBC Daily Open: Stocks are entering the hottest period of the year
Markets also like November because the month brings heat. It’s historically the best month for stocks, and ushers in strong seasonal performance.
U.S. finalizes rules to curb AI investments in China, impose other restrictions
The U.S. said it is finalizing rules Monday to limit U.S. investments in AI and other technology sectors in China that could threaten U.S. national security.
China launches new lending tool before year-end loan expiry
The PBOC launched a new lending tool on Monday to inject more liquidity into the market ahead of trillions of yuan in loans expiring at the end of the year.
Asia-Pacific markets mostly climb, Nikkei extends previous day’s gains
Asia-Pacific markets traded mixed in spite of gains on Wall Street as investors looked toward a slate of megacap technology earnings this week.
Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say
A few high-profile Chinese listings outside the mainland are adding to expectations for a pickup in initial public offerings next year.
‘The dynamics are different’: Singapore and Malaysia aim to finally crack economic integration with Johor special zone
The number of Singaporeans visiting or relocating to Johor could increase in coming years when a rail link between Singapore and Johor Bahru is completed.
Alibaba and more: Fund manager gets bullish on 3 China tech stocks — expecting one to double
If signs of consumption growth return to China, the investor suggested one of the stocks could double from current levels.
