Chinese tourists are returning to Macau in hordes after Beijing lifted its restrictions on travel to the world's biggest gambling hub, lifting stocks and bonds of casino operators as investors bet on a boom in their revenues.
The award of new 10-year licences to incumbent operators in November also removed a major risk that had concerned investors, said Christy Lee, Asian credit portfolio manager at AXA Investment Managers.
Spreads over comparable U.S. Treasuries have narrowed to 526 basis points from a record high of 1,127 in October, reflecting the decline in risk premium.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Images show Oxford Union debate on meritocracy, not 'Chinese student claiming K-pop is Chinese'A series of images has been repeatedly shared in Korean-language social media posts that falsely claim the pictures show a Chinese student at the University of Oxford arguing that Korean culture is 'inherited from China' and therefore K-pop is part of Chinese culture. The images in fact show a student debating against meritocracy at the Oxford Union in January 2022. Footage of the debate shows the student did not make any mention of Korean culture or K-pop.
Les mer »
Hong Kong’s crypto ambition gets subtle nod from Beijing: ReportDespite a strict crypto ban on the Chinese mainland, officials in Beijing have not been openly opposed to Hong Kong's desire to become a crypto hub, according to people familiar with the matter.
Les mer »
Beijing plans to hand out $6 a month to the city's low-income peopleBeijing plans to hand out $6 a month to low-income families to help offset the cost of food. The amount will just about buy 2 Big Macs.
Les mer »
Breakingviews - Beijing mutes ChatGPT meme rallyThe rally in Chinese stocks associated with conversational bots, a side-effect of the popularity of OpenAI’s ChatGPT, has been knocked sideways. Beijing has ordered big Chinese technology companies including Tencent and Ant not to offer ChatGPT services on their platforms, the Nikkei reported citing people with direct knowledge. Meanwhile, state media, which once waxed lyrical about a “golden era” of gabby AI models, have pivoted to warning of their risks.
Les mer »
ChatGPT Reportedly Blocked On Chinese Social Media Apps—As Beijing Claims AI Is Used To Spread PropagandaEarlier this week, Chinese state-controlled media claimed ChatGPT and similar AI tools could be used to push U.S. propaganda.
Les mer »