Bob Simison News Today

Treasurer Jim Chalmers’ push to remake capitalism channels the ideas of progressive economist Mariana Mazzucato, who advocates government playing a leading role in investing in innovation in partnership with business.

Chinese Mainlanders Can Book Omicron-Specific mRNA Shot in Hong Kong - Fosun Pharma opens online reservation platform for BioNTech vaccination as Covid border controls are set to end

Tsingshan Expands Investment in Zimbabwe - Chinese stainless steel and nickel giant agrees to add lithium and cement processing while increasing capacity for coke and stainless steel

Gap Sells Money-Losing China Business to Baozun for $50 million - Chinese e-commerce services provider, a Gap partner since 2018, will get rights to design, make and sell Gap products in China

HK Regulator Seeks Faster Access to Mainland Audit Papers - Under existing procedures, it takes about a year to get the documents, according to chief of Hong Kong accounting and financial reporting watchdog

Visitors to Hong Kong Climb Amid Easing Pandemic Restrictions - Arrivals jump 17% in July from June, fueling job growth in catering and hotels and driving the unemployment rate down to 4.3%

Spanish Reinsurance Giant to Set Up Beijing Unit - Mapfre Re gets regulatory green light to join a long list of global competitors in China’s booming insurance industry

Polysilicon Price Hits 11-Year High on Surging Solar Panel Demand - Key green energy material gains 25.8% in a year, sparking Chinese suppliers to plan a quadrupling of capacity by next year

China to Sell $3.46 Billion of Treasury Bonds in Hong Kong

China’s Aviation Regulator Halts Subsidies to Airlines - Flights drop as Covid-relief plan kicks in, raising concerns of carriers sandbagging to collect government payments