Page 3 - Bob Simison News Today

Clover Biopharmaceuticals Shares Fall on Hong Kong Debut - Chinese Covid-19 vaccine developer raises $240 million to fund development and commercialization of its product

Asia-Middle East Digital Currency Trial Reports Progress - Experiment involving central banks and financial institutions from China, the UAE, Hong Kong and Thailand completed $312 million of cross-border transactions

SPAC Listing Plan in Hong Kong Wins Advisory Panel Backing - Blank-check special purpose acquisition companies would face strict rules after HK exchange’s struggles with shell company scandals

China’s Coal Futures Continue Dropping Amid Price Cap Talk - Wednesday decline of 10% drives the most-active thermal coal contract down 30.5% in a week as economic planners target even lower prices to ease the power crunch

Hong Kong Luxury Villa Linked to Evergrande’s Hui Pledged for Loan - Billionaire founder of debt-laden developer comes under increasing pressure to tap into his personal wealth in addressing crisis

Cover Story: How China’s Housing Market Landed in the Deep Freeze - Even as the nation faces a housing shortage, the government is sticking with tough policies to prevent overheating, resulting in plunging house sales and values

Source of Fujian Outbreak May Have Been Infected in Quarantine - Man who returned from Singapore tested negative nine times in 21 days of quarantine before Covid-19 appeared after 38 days in China, top immunization official reports

Huawei Launches Industrial Operating System for Coal Mines - HarmonyOS-based software replaces grab bag of Linux, Unix and Windows systems and promises greater efficiency and safety in mining

Cover Story: The Herculean Task of Bailing Out Huarong - As the scandal-plagued bad asset manager reports $15.9 billion of red ink for 2020, it may have to raise almost that much from investors and asset sales

Hong Kong Cooking Platform DayDayCook Seeks U.S. IPO in SPAC Deal - Alibaba-backed seller of ready-to-cook food to get $46.9 million in deal that values the enterprise at $300 million