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IPOs pick up in Hong Kong next year with China reopening plan

  Bloomberg After the worst year for initial public offerings (IPO) in Hong Kong since the financial crisis, bankers and analysts expect a recovery in listings in the Asian financial hub as China moves forward with reopening plans. Proceeds raised in the city totalled $12.9 billion in 2022, down 70% versus last year, outpacing the 29% contraction in the Asia ...

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Beijing accused of building on unoccupied reefs in S China Sea

Bloomberg China is building up several unoccupied land features in the South China Sea, according to Western officials, which they said was part of Beijing’s long-running effort to strengthen claims to disputed territory and potentially bolster its military presence in a region critical to global trade. Fishing fleets that operate as de facto maritime militias under the control of authorities ...

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Thai navy confirms 5 sailors dead after ship sinks in storm

Bloomberg The Royal Thai Navy said that at least five sailors have been confirmed dead after a ship sank off the coast of southern Thailand during a storm. There were 105 sailors on board the HTMS Sukhothai, a corvette which went down 37 kilometers (20 nautical miles) offshore the province of Prachuap Khiri Khan, according to a navy tweet and ...

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