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☆ Musk's X illegally fired worker challenging office return -US labor board
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsOct 13 (Reuters) - Elon Musk's X illegally fired an employee in retaliation for her internet posts challenging its return-to-office policy, the U.S. labor board alleged on Friday. In the complaint, a regional director of the U.S. National Labor Relations Board (NLRB) accused X — formerly known as Twitter — of violating the federal law that prohibits punishing employees for communicating and organizing with others about their working conditions. Employee Yao Yue responded with a post on Twitter telling fellow workers, "Don't resign, let him fire you." A few days later, she was terminated in violation of the National Labor Relations Act, according to the complaint.

Persons: Carlos Barria, Elon Musk's, X, Musk, Yao Yue, Samrhitha, Brendan Pierson, Maju Samuel, Alexia Garamfalvi, Josie Kao Organizations: REUTERS, U.S . National Labor Relations Board, Twitter, NLRB, National Labor Relations, Thomson Locations: San Francisco , California, U.S, Bengaluru, New York

☆ Elon Musk’s X illegally fired employee who publicly challenged return-to-work plans, NLRB alleges
▼ + stars: | 2023-10-13 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

The NLRB alleged that X fired Yu after she attempted to organize other Twitter workers who were upset about Musk's sudden change to the company's work requirements. Five days later, Yue was fired and told that she was violating an unspecified company policy, the legal document said. The NLRB alleges that X has "been interfering with, restraining, and coercing employees in the exercise of the rights guaranteed" under national labor law. "After 12 amazing years and 3 weeks of chaos, I'm officially fired by Twitter," Yue said in a tweet on Nov. 15. WATCH: Elon Musk has "cut off the good guys, empowered the bad guys" on X

Persons: Elon Musk, Recep Tayyip Erdogan, Fatih Aktas, Elon Musk's X, management's, Yao Yue, Musk, X, Yu, Yue, Slack, Yue's, Twitter, X didn't, I'm Organizations: United Nations, UN, Anadolu Agency, Getty Images, National Labor Relations Board, Twitter, San, National Labor Relations, NLRB, CNBC Locations: New York, United States, San Francisco

☆ WTA roundup: Zheng Qinwen advances at Zhengzhou Open
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

She will face Ukraine's Anhelina Kalinina, who posted a 7-5, 6-1 victory over Russian qualifier Vera Zvonareva. Hana Bank Korea OpenBelgium's Yanina Wickmayer seized a 6-3, 7-6 (6) victory over third-seeded Ekaterina Alexandrova of Russia to move on to the quarterfinals in Seoul. Wickmayer will meet Russian Polina Kudermetova, who breezed to a 6-3, 6-1 win over Kathinka von Deichmann of Liechenstein. Fifth-seeded Anna Blinkova of Russia coasted to a 6-1, 6-3 win over Australian Priscilla Hon to advance to the third round. Third-seeded Elise Mertens of Belgium had little difficulty in her 6-1, 6-4 victory over Australian qualifier Daria Saville.

Persons: China's, Zheng, China's Zhu Lin REUTERS, Kim Kyung, Zheng Qinwen, Maria Sakkari, Sakkari, Kalinina, Vera Zvonareva, Italy's Jasmine Paolini, Caroline Garcia of, Ukraine's, Tsurenko, Donna Vekic, Wickmayer, Ekaterina Alexandrova, Kudermetova, Kathinka von Deichmann, Claire Liu, Arantxa Rus, China's Yuan Yue, Slovenia's Kaja Juvan, Beatriz Haddad Maia, Anna Blinkova, Russia coasted, Priscilla Hon, Elise Mertens, Daria Saville Organizations: Tennis Centre, Russian, Caroline Garcia of France, Hana Bank, Hong, Belarus, Thomson Locations: Hangzhou, China, Greece, Zhengzhou, Croatia, Hana Bank Korea, Russia, Seoul, Wickmayer, Arantxa, Netherland, Hong Kong, Brazil, Belgium

☆ China’s economy will be hobbled for years by the real estate crisis
▼ + stars: | 2023-10-06 | by ( Laura He | ) edition.cnn.com time to read: +10 min

Absorbing this “excess capacity” in the property sector will inevitably hurt China’s economic growth, according to Garcia-Herrero. The money from the sales funded their breakneck expansion, making real estate moguls some of the country’s richest people. The strategy largely worked until about three years ago when the Chinese government cracked down on excessive borrowing by the real estate industry because it was worried about the risk of financial instability. But overall, the property sector has contracted severely as it adjusts to a collapse in demand. “A fundamental rewiring of China’s economy will necessitate a focus on developing new industries, improving productivity, and bolstering rental markets,” said analysts from Stanford University and the ASPI.

Persons: ”, Alicia Garcia, Herrero, Garcia, they’re, Evergrande, Xu Jiayin, Xi Jinping, ” Mark Williams, Sheana Yue, Zichuan Huang, “, — Michelle Toh Organizations: Hong Kong CNN, Investment, Asia Pacific, Getty, Bank, International Monetary Fund, IMF, Regulators, Capital Economics, People’s Bank of China, Oxford Economics, Stanford University, Asia Society Policy Institute, Oxford Locations: China, Hong Kong, Beijing, Natixis, Wuhan, China's, Hubei, Japan

☆ 'There's a significant number of upside opportunities': A top-3% fund manager shares 9 of his favorite investments to make now — and why China's economy is in big trouble
▼ + stars: | 2023-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Leading fund manager Mark Costa operates in one of the toughest parts of global markets: the foreign small- and mid-cap value category. In the past decade, his Brandes International Small Cap Value Fund (BISAX) has outperformed 91% of its peers despite logging a modest 4.8% annual return in that span. Of the 11 years that Costa has co-managed the fund, 2023 is shaping up to be one of the best. His foreign-focused small-cap value fund is up 25.3% year-to-date compared to 6% for its index, which puts it in the top 3% of its category, according to Morningstar. The best opportunities Costa sees in Japan are in its regional banking and healthcare industries.

Persons: Mark Costa, he's, Brandes, Costa, Morningstar, Costa wasn't, we've, Yue Yuen, We've, they've Organizations: Costa, Value, PAX, Companies, Royce, C Locations: China, it's, Hong Kong, Indonesia, People's Republic, Europe, Japan, United Kingdom

☆ WTA roundup: Madison Keys loses Guadalajara opener
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

Keys, the tournament's fourth seed, received a first-round bye. Navarro converted five of her seven break-point opportunities, while Keys broke serve three times on five chances. Navarro advances to face former U.S. Open finalist Leylah Fernandez of Canada, who knocked out 13th-seeded Elise Mertens of Belgium 6-3, 6-4. 1 Ons Jabeur of Tunisia routed the United States' Alycia Parks 6-2, 6-2, and No. The United States' Sofia Kenin eliminated 12th-seeded Anhelina Kalinina of Ukraine 6-2, 7-6 (5).

Persons: Madison Keys, Aryna Sabalenka, Mike Segar, Keys, Navarro, Leylah Fernandez, Elise Mertens, Maria Sakkari, Australia's Storm Hunter, Caroline Garcia of France, Ekaterina Alexandrova, Poland's Magdalena Frech, Sofia Kenin, Lucia Bronzetti, Yi Yang, Bronzetti, Yang's, Uchijima, France's, Tatjana Maria of, Alexandra Eala, Daria Saville of, Germany's Anna, Lena Friedsam, Viktoria Hruncakova, Russian Anna Kalinskaya, Viktorija, Yulia Putintseva, Xiyu Wang, Yue Yuan, Zhuoxuan Bai Organizations: Madison, Belarus, Aryna Sabalenka REUTERS, U.S, Australia's Storm, Poland's, United, Thomson Locations: Flushing Meadows , New York, United States, Guadalajara, Mexico, Open Akron, U.S, Canada, Belgium, Tunisia, Greece, Belarus, Russia, Ukraine, Guangzhou, Italy, Taiwan, China, Tatjana Maria of Germany, Philippines, Daria Saville of Australia, Slovakia, Russian, Switzerland, Kazakhstan

☆ A Chinese woman held 16 jobs for 3 years and never showed up to work, report says
▼ + stars: | 2023-09-07 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A Chinese woman has been exposed in a massive wage fraud scheme, holding 16 jobs at once. The scheme brought in an estimated $7 million and involved 53 fake workers, Chinese media reported. Wage fraud is a massive problem in China, with at least 700 gangs working the system. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The woman, named only by the pseudonym of Guan Yue, was part of a massive labor fraud scheme worth almost $7 million, Chinese state-owned newspaper Xinmin reported.

Persons: Guan Yue, Guan, pseudonymously, Liu Jian, Liu, Yang Hong, they're Organizations: Service, unraveled Locations: China, Wall, Silicon, Shanghai

☆ China's Geely unveils auto robotics brand JI YUE
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Maxim Shemetov/File PhotoBEIJING, Aug 14 (Reuters) - Chinese automaker Geely Holding Group (0175.HK) on Monday unveiled a premium intelligent technology brand JI YUE, which stems from Geely's cooperation with Baidu Inc (9888.HK) on "automotive robotics", and introduced its first model. JI YUE 01, the flagship model under the new brand will be produced by Geely and is expected to debut in the last quarter of this year, the company said. Baidu will provide its know-how in smart cockpits, autonomous driving and artificial intelligence technologies, which will be applied in JI YUE cars, Geely added. Also on Monday, China's industry ministry website showed three electric vehicles under the JI YUE brand were seeking regulatory approvals. Geely had co-funded an electric vehicle venture Jidu with Baidu.

Persons: Maxim, YUE, Geely, Zhang Yan, Ella Cao, Meg Shen, Tomasz Janowski Organizations: REUTERS, Geely Holding, HK, Baidu Inc, Baidu, JI, Thomson Locations: Moscow, Russia, BEIJING, China, Beijing, Hong Kong

☆ Millennials powered America’s homeownership boom
▼ + stars: | 2023-08-08 | by ( Anna Bahney | ) edition.cnn.com time to read: +7 min

Rather, the homeownership rate measures the percentage of all occupied housing owned by the occupants, as opposed to occupied by renters. By 2022, the US homeownership rate was 65.8%, up from 64.6% in 2019. Homeownership rates dipped as low as 63.4% following the foreclosure crisis that began in 2004 and the Great Recession that began in 2008. Homeownership rates have recovered just half of the 5.6% drop in homeownership between 2004 and 2016. Between 2016 and 2019, the homeownership rate increased for buyers under 55, according to the Census Bureau.

Persons: Yue, Chris Parsons, —, ”, Yue Parsons, — Parsons, Parsons, We’re, Jessica Lautz Organizations: Washington CNN, Census, National Association of Realtors, NAR Locations: New York City, Manhattan, United States, homebuying, San Francisco, New York, Austin , Texas, Miami, Phoenix, homeownership

☆ Azarenka feeling the love on Wimbledon return
▼ + stars: | 2023-07-03 | by ( Christian Radnedge | ) www.reuters.com time to read: +2 min

As part of their return, players from the two nations are playing as neutrals and are not allowed to receive state funding or have sponsorship from Russian or Belarusian companies. Britain is a major ally of Ukraine and continues to provide military support but there was no animosity from the crowd towards former world number one Azarenka as she edged past China's Yuan Yue 6-4 5-7 6-4 in the first round. "There are of course some incidents sometimes happens (at other events), but I felt like I was very welcomed everywhere. The world number two begins her Wimbledon campaign against Hungary's Panna Udvardy on Tuesday. Reporting by Christian Radnedge, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Victoria Azarenka, China’s Yue Yuan, Andrew Couldridge, Azarenka, Yuan Yue, Vika, Aryna Sabalenka, Hungary's Panna Udvardy, Christian Radnedge, Ed Osmond Organizations: Lawn Tennis, Croquet Club, Victoria, Wimbledon, ATP, WTA, Thomson Locations: London, Britain, Belarus, China’s Yue Yuan REUTERS, Russia, Ukraine, Moscow, Belarusian

☆ Why Hong Kong can’t cut loose from the US dollar just yet
▼ + stars: | 2023-06-13 | by ( Laura He | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Hong Kong’s currency is facing its biggest test since the global financial crisis of 2008. The steep fall is a sign that investors are ditching the Hong Kong dollar. The Hong Kong Monetary Authority (HKMA) is committed to keeping the Hong Kong dollar between 7.75 and 7.85 per greenback. People walk past the Hong Kong Monetary Authority (HKMA) on May 4, 2023, in Hong Kong, China. “Pegging the Hong Kong dollar to the US dollar encourages such transactions to be carried out in Hong Kong and under Hong Kong law, even if neither party is based in Hong Kong.”This helps to create jobs and prosperity in Hong Kong, while also benefiting mainland China.

Persons: Hong, hasn’t, Andy Xie, ” Logan Wright, Bill Ackman’s, Ackman, Wright, Peter Parks, Kong, Deng Xiaoping, Margaret Thatcher, outflows, Chi Lo, Chen Yongnuo, Hong Kong’s, ”, Richard Cookson ,, Boaz Weinstein, Daniel Fung, Rhodium’s Wright, Xie, Eddie Yue, Banks, John Greenwood, “, Greenwood, ” Greenwood Organizations: Hong Kong CNN, British, Hong, Traders, Hong Kong, Bill Ackman’s Pershing, Capital Management, Getty, Lehman Brothers, Hong Kong Monetary Authority, US Federal Reserve, Asia Pacific, BNP, Asset Management, Fed, China News Service, Rubicon Fund Management, Bloomberg, Saba Capital Management, National Security Law, CNN Locations: Hong Kong, United States, China, Hong, Beijing, AFP, Britain, “, ”, Riding

☆ China's disappointing rebound could bring in more stimulus, economists say
▼ + stars: | 2023-05-30 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Photographer: Qilai Shen/Bloomberg via Getty Images Qilai Shen | Bloomberg | Getty ImagesChina's much-vaunted economic rebound after its emergence from strict zero-Covid lockdown measures has yet to fully materialize, prompting some economists to speculate that further fiscal stimulus or monetary policy easing could be coming down the pipeline. Data from China's Bureau of Statistics shows that 6 million of the 96 million 16 to 24-year-olds in the urban labor force are currently unemployed. watch nowIn a research note Monday, Capital Economics assessed that, despite losing some momentum, China's economic recovery was still progressing at the start of the second quarter, with scope for further service sector-led improvement. But we do not expect policy rate cut or major fiscal stimulus, barring a precipitous fall in exports in the coming months." Any consensus among economists as to the trajectory of fiscal and monetary policy seems to be unraveling in light of the tenuous recovery.

☆ Under Xi Jinping, China's military has become an untouchable nationalist symbol
▼ + stars: | 2023-05-26 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

Yue’s alleged transgression: “uglifying” and “insulting” China’s military, the People’s Liberation Army (PLA). Under Xi, China passed a law in 2018 to ban the slander of national “heroes and martyrs,” a crime punishable by up to three years in prison. To outsiders, it may appear puzzling that China’s military, the largest and one of the most powerful in the world, would be so easily offended by a seemingly tame joke. Xi has staked his legitimacy on returning China to its former greatness, and a strong and powerful military plays a key role in driving that nationalist agenda. He has also ramped up China’s military posturing, sending fighter jets and warships to the Taiwan Strait and around the disputed islands with Japan.

☆ Biden is trying to lure Saudi Arabia's crown prince away from China with lucrative promises, despite once threatening to make him a 'pariah'
▼ + stars: | 2023-05-10 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

The US has replaced its threats with lucrative contracts for the crown prince as part of a high stakes power game being waged over dominance of the region. Biden last weekend dispatched his national security advisor, Jake Sullivan, to Saudi Arabia, for discussions with Saudi officials. Last year, Crown Prince Mohammed and Xi agreed to deepen their cooperation across a range of economic and security issues. Chinese President Xi Jinping holds talks with Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud at the royal palace in Riyadh, Saudi Arabia, Dec. 8, 2022. "It is important to note that Saudi Arabia is not seeking to burn its bridges with the United States.

☆ Chinese postpartum confinement, called ‘zuo yue zi,’ is gaining Western appeal
▼ + stars: | 2023-05-07 | by ( Mayumi Maruyama | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —You cannot carry heavy things. Chan is a “pui yuet,” also called a confinement nanny, who lives with families after a baby is born. Richard, a content creator from Canada, traveled to Hong Kong to become a model and fell in love with her husband, Tom, there. During that time, the pui yuet makes dishes catering to the mother’s physical needs and helps her with milk production and other concerns. Few entities track the pricing of nannies in Hong Kong on a consistent basis because most negotiations are directly between clients and the nannies.

☆ Hong Kong c.bank raises interest rates after Fed hike
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

The Fed raised interest rates by a quarter of a percentage point and signalled it may pause further increases, giving officials time to assess the fallout from recent bank failures and monitor the course of inflation. HKMA said Hong Kong interbank rates, which have been rising over the past few months, will likely rise further with the Fed latest rate hike. The public should therefore carefully assess the interest rate risk when taking out mortgages or making other borrowing decisions. "After China and Hong Kong markets have returned to normalcy post COVID-19, investment sentiment in the real estate market has improved, consumption power has risen. The Hong Kong property market has rebounded by 5-6% year-to-date," Yue said, adding other economic factors also play a part.

☆ The Saudi crown prince wants to build a trillion-dollar utopia in the desert. His deals with China reveal a darker vision.
▼ + stars: | 2023-04-23 | by ( Tom Porter | ) www.businessinsider.com time to read: +9 min

It's part of Crown Prince Mohammed bin Salman's modernizing vision of the country. But behind the outlandish plan, developed by Saudi Arabia's powerful crown prince Mohammed bin Salman, is a much darker reality. Crown Prince Mohammed appears keen to replicate those projects on a grander scale. Saudi Crown Prince Mohammed Bin Salman announces a zero-carbon city called "The Line" to be built at NEOM in northwestern Saudi Arabia, January 10, 2021. It appeared to be the beginning of a fruitful partnership for Crown Prince Mohammed.

In February, over 150,000 Chinese tourists travelled to Thailand, the latest data from the Thai Ministry of Tourism show - a three year high but still 85% below February 2019 levels. Chinese tourists used to make up 10% of European arrivals from outside the continent. Flights to Europe are up to 80% more expensive than before the pandemic, according to ForwardKeys, a travel data firm. Chinese tourists making a comeback is crucial for regional economies. Reuters GraphicsPre-pandemic, China was Australia's top source of tourists, but numbers following Beijing's reopening of borders have only trickled back.

☆ Young people in Greater China are blowing their paychecks every month — even if they don't have to
▼ + stars: | 2023-04-13 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +7 min

"Yue guang zu" ("moonlight clan") refers young singles in Greater China who go broke at the end of each month, or live paycheck to paycheck. Hsu belongs to a group of people in Taiwan, typically young and single workers, called the "yue guang zu" — the so-called "moonlight clan." Eric Hsu Civil engineerBut when a serious knee injury took him out of work for two weeks without pay, Hsu realized he was unable to support himself. "Young people would rather give up that dream and spend money on things they are guaranteed to get today." After his experience, he canceled his credit cards two years ago and committed to saving one third of his salary each month.

☆ China to crack down on malicious online comments damaging reputation of businesses
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: 1 min

BEIJING, March 28 (Reuters) - China plans to clamp down on malicious online comments that damage the reputation of businesses and entrepreneurs, said a Cyberspace Administration official on Tuesday. "False information against enterprises and entrepreneurs, especially private enterprises and private entrepreneurs, appear from time to time, damaging the brand image of enterprises," said Shen Yue, an official with the Cyberspace Administration of China, when answering a question at a news briefing. Shen said it also affects the normal production and operation of enterprises, resulting in economic losses. Reporting by Beijing newsroom; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Hong Kong on watch for any 'spillover' from US regional banks
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +1 min

HONG KONG, March 24 (Reuters) - Hong Kong needs to watch carefully for any further "spillover" from U.S. regional banks, although the city has very little exposure to the situation in European and U.S. financial institutions, the Hong Kong Monetary Authority said on Friday. "The recent events in the U.S. and Europe have very little impact on Hong Kong," Yue said. "The situation is largely stabilised, but we still need to watch whether there will be further spillover, especially to the other U.S. regional banks." Hong Kong and global banks needed to be prepared for any further volatility in the market, he added. Reporting by Donny Kwok and Anne Marie Roantree; Editing by Jacqueline Wong and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ General Motors' China business is hurting, and it's not just because of Covid
▼ + stars: | 2023-03-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

He purchased his Nio over models from rival Chinese automakers Xpeng , Li Auto and IM Motors. GM's operations in the country are much larger than those of its crosstown rival Ford Motor, for example. Equity income from GM's Chinese operations and joint ventures has fallen 67% since its peak of more than $2 billion in 2014 and 2015. And the rising quality of domestic-made electric vehicles helped support — and tap — growing nationalistic pride among China's consumers. In February, Ford named Sam Wu, a former Whirlpool executive who joined the automaker in October, as president and chief executive of its China operations, starting March 1.

China's four new vice premiers:Ding Xuexiang, 60, is the first-ranked vice premier who also sits in the ruling Communist Party's Politburo Standing Committee, China's top echelon of power. Wang Zhigang, 65, remains minister of science and technology. Huai Jinpeng, 60, remains minister of educationPan Yue, 62, remains head of the National Ethnic Affairs CommissionWang Xiaohong, 65, remains minister of public securityChen Yixin, 63, remains minister of state security. Considered a Xi ally, he had worked with Xi when the latter was party chief of Zhejiang province from 2002-2007. Tang Dengjie, 63, remains minister of civil affairsHe Rong, 60, remains minister of justiceWang Xiaoping, 59, remains minister of human resources and social securityWang Guanghua, 59, remains minister of natural resourcesHuang Runqiu, 59, remains minister of ecology and environmentNi Hong, 60, remains minister of housing and urban-rural developmentLi Xiaopeng, 63, remains minister of transportLi Guoying, 63, remains minister of water resourcesTang Renjian, 60, remains minister of agriculture and rural affairsHu Heping, 60, remains minister of culture and tourismMa Xiaowei, 63, remains head of the National Health CommissionPei Jinjia, 59, remains minister of veterans affairsWang Xiangxi, 60, remains minister of emergency managementHou Kai, 60, remains auditor-general of the National Audit OfficeReporting by Yew Lun Tian, Ziyi Tang, additional reporting by Albee Zhang; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ Need a nanny? Chinese school trains women to take care of newborns
▼ + stars: | 2023-03-08 | by ( Casey Hall | ) www.reuters.com time to read: +3 min

Confinement care is not new in China, where the practice of one month confinement post-birth, which traditionally included strict rules around bathing, hair washing and teeth brushing for mothers, has long been the norm. What is different today is the professionalism and expectations of those doing the caring, says Jiang Lei, a teacher at the centre. "We need professionals to do professional things for professional people," Jiang added, explaining that the centre teaches "scientific feeding knowledge, sleep cultivation and other knowledge such as early childhood education". The experience of caring for her own child made the idea of a career in childcare attractive, she said. ($1 = 6.9045 Chinese yuan renminbi)Reporting by Casey Hall; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Hong Kong spreads its wings, and its bets
▼ + stars: | 2023-02-23 | by ( Una Galani | ) www.reuters.com time to read: +7 min

HONG KONG, Feb 23 (Reuters Breakingviews) - For a sign that Hong Kong’s recovery is more than wishful thinking, look no further than the city’s Disneyland. The house of Mickey Mouse is implicitly betting Hong Kong will soon be back, and bigger than before. At its core, Hong Kong’s unique selling point is that it’s China-by-proxy for investors; enterprises in the People’s Republic account for 78% of the market capitalisation of Hong Kong’s main boards. Against such a backdrop, it’s logical that Hong Kong is trying to spread its bets. Hong Kong exchange boss Nicolas Aguzin’s pitch is strengthened by a Chinese plan to let overseas companies listed in Hong Kong be included in the Connect programme.

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