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Ping An Good Doctor aims $1.1bn HK IPO

Bloomberg Chinese online healthcare platform Ping An Good Doctor, a unit of the country’s biggest insurer by market value, will start taking investors’ orders for a Hong Kong initial public offering that could raise as much as HK$8.8 billion ($1.1 billion). The Ping An Insurance (Group) Co. subsidiary is offering about 160 million shares at HK$50.80 to HK$54.80 apiece, according ...

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China firms have never been this reliant on foreign revenue

Bloomberg When China released its key economic indicators, the statistics agency was quick to highlight how the country’s domestic consumption had propelled growth in the first quarter, offsetting external risks as trade tensions escalate. Yet for the country’s publicly listed companies, foreign business has never been so important. The percentage of sales that mainland-listed companies get outside their home country ...

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EU reiterates demand for waiver from US tariffs as clock ticks down

Bloomberg A top European Union official reiterated the bloc’s demand for a permanent exemption from the US’s steel and aluminum tariffs, as a temporary reprieve is set to expire on May 1 and fears mount that escalating trade tensions could threaten the global economy. European Commission Vice President Valdis Dombrovskis said the EU is in close contact with US authorities ...

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