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  • South China Morning Post

    China's exporters, eager for Russia foothold, tread lightly to avoid financial bear trap

    In recent weeks, the 25th floor of the Shanghai Tower has been swarmed with Chinese exporters. Legions of businesspeople have flocked from all over the country to open a new account at VTB Bank - the only Russian bank currently in operation within China's borders. Among the crowd on Tuesday was Yeno Yan, an agricultural machinery manufacturer who had flown in from the eastern province of Shandong. Eager to clear up headaches caused by trying to collect payments from Russian clients - a common pr

  • South China Morning Post

    Jimmy Lai lawyer, fugitives target Hong Kong trade offices in talks with US lawmakers

    Two Hong Kong fugitives and a lawyer representing jailed media tycoon Jimmy Lai Chee-ying met US lawmakers on Thursday to push for the passage of a bill that could close the city's representative offices in America and advocate for the release of Lai. Speaking at a public round table event organised by the House Select Committee on China, Frances Hui Wing-ting, Joey Siu Nam, and human rights lawyer Jonathan Price also called for the passage of other measures meant to counter alleged human rights

  • South China Morning Post

    JPMorgan says IPO markets in Hong Kong, mainland China set for turnaround as stock rallies reflate valuations and confidence

    A bull run in Hong Kong's stock market has helped raise valuations and improve sentiment among investors, feeding a recovery in fundraising activities on the local bourse and its peers in mainland China, according to JPMorgan Chase. As such, new listing candidates are becoming more reasonable about their expectations for initial public offering (IPO) pricing, according to Sjoerd Leenart, the US bank's head of Asia-Pacific region. Capital-hungry technology start-ups are also likely to be a key gr