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Haier Smart Home’s H-shares Debut on Hong Kong Stock Exchange Haier Electronics became a wholly owned subsidiary of Haier Smart Home. Haier Smart Home Co. Ltd.’s H-shares started trading on the Hong Kong Stock Exchange Wednesday, marking completion of a restructuring of the Chinese home appliance giant. The listing of Haier Electronics was officially withdrawn Wednesday as it became a wholly owned subsidiary of Haier Smart Home. Haier Group remains the controlling shareholder of Haier Smart Home with 35.14%. Previously, Haier Electronics was mainly engaged in the manufacture of domestic ...

Hong Kong Greenlights First Virtual Asset Exchange OSL said it was the first virtual asset platform to be licensed by the SFC after the Hong Kong regulator tightened its regulation of such businesses Hong Kong’s securities regulator granted the first business licenses for digital asset trading as the city moves to bring crypto trading under regulatory oversight. BC Technology Group’s OSL Digital Securities Ltd. (OSL) unit obtained a securities trading license and a license to provide automated trading services from the Hong Kong Securities and Futures Commission (SFC), according to a com...

In Depth: How Ethylene Glycol Led to the Yongcheng Coal Default A worker holds a bottle of ethylene glycol made in a factory in Guizhou. The surprise default that threw China’s corporate bond market into turmoil last month can be traced to massive, unprofitable investments a decade ago in ethylene glycol, a toxic but useful industrial chemical that Chinese factories consume in vast quantities. The business case seemed sound in 2010 for the state-owned coal mining operations of central China’s Henan province to diversify into the product, which can use coal as a raw material. But the leade...