Chicecream, which makes high-end ice cream, proudly brands itself as Chinese. But now angry internet users are calling it out for its exorbitant prices. The company and its investors are undeterred.
The Beijing Stock Exchange (BSE) now hosts 100 companies, mostly SMEs in strategic industries, with many more IPOs to come.
After decades of strong sales growth and investor optimism, in 2021, China’s property sector slumped as developers defaulted, sales slowed, and housing prices dropped. In response, Beijing implemented a “three red lines” policy to restore the real estate’s sector — but it’s not working (yet).
Beijing has signaled regulatory easing on its ailing property sector, but the policy shift will neither reverse the industry-wide downturns that began in 2021 nor resolve property developers’ deep rooted issues underpinning the series of defaults.