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Asian markets mixed; China Evergrande shares suspended

Asian markets were mixed on Monday, with Shanghai closed for the National Day holiday.Hong Kong’s benchmark shed more than 2% after troubled property developer China Evergrande’s shares were suspended from trading.The company did not say why, but a Chinese financial news service, Cailian, said another major developer was planning to buy Evergrande’s property management unit.Evergrande…

EU to China: We won’t retreat on Taiwan ties

Josep Borrell, the EU’s foreign policy chief | Stephanie Lecocq/EPA By Stuart LauSeptember 24, 2021 4:45 pmThe EU’s foreign policy chief is expected to tell the Chinese foreign minister on Tuesday that Europe will not be dissuaded from deepening ties with Taiwan, EU officials told POLITICO.Josep Borrell’s strategic dialogue with Wang Yi, scheduled for Tuesday,…

China Gives Neuberger Berman Nod to Launch Mutual Funds

Neuberger Berman got the green light from Beijing to start its own mutual-fund business in China, paving the way for the American asset manager to manage money for individual Chinese investors.The New York money manager joins other foreign companies seeking to grow in China. BlackRock Inc. raised some $1 billion for the first-ever mutual fund…

Will AUKUS Hit China Where It Hurts?

Matthew Kroenig: Hi, Emma! I hope you are enjoying the first few days of autumn.Hey, I have a question for you. I was invited to a small group dinner with France’s ambassador last Wednesday and it was canceled at the last minute. Any idea why he was unavailable?Emma Ashford: Good morning, Matt! I hate to…

How to tell if Evergrande crisis is spilling beyond China

The picture shows the Evergrande Automotive R&D Institute Headquarters of China Evergrande Group in Shanghai, China September 24, 2021. REUTERS/Aly SongNEW YORK, Sept 24 (Reuters) – Worries surrounding debt-strapped property developer China Evergrande (3333.HK) have put investors on guard for evidence that the crisis may be spilling over into broader markets.Evergrande, once China’s top-selling property…