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As the global financial conditions have tightened abruptly with the onset of the COVID-19 pandemic, China can offer yuan liquidity to the global market, through expanded overseas investment, increased cross-border lending, increased imports and offshore yuan deposits, said Tu Yonghong, deputy director of the international monetary institute under the Renmin University of China in Beijing.
As the first issuer to take advantage of Hong Kong's new rules on dual-class shares, Xiaomi's IPO price is on the low end of the expected range — HK to HK — it had earlier set, which makes its initial aim of raising billion, as earlier reported unmet. The valuation of the company after listing will be far below 0 billion, CNBC reported.
As the acceleration of automation will never be reversed, and job creation in services may come back only very slowly after the end of the pandemic, he said employers will need to consider retraining employees with skills that are more adaptable to the post-COVID job market.
As the riding range has expanded from the city center to the suburb, demands are increasing, he added.
As the days have passed, new concerns have arisen.
