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High-Flyer Quantitative Fund, a hedge fund co-founded by Liang, had subscribed to a total of 82,244 shares of Moore Threads, at 114.28 yuan per share, via two entities: Zhejiang High-Flyer Asset Management and Ningbo High-Flyer Quant Investment Management Partnership. That made High-Flyer one of the stock’s top institutional investors, according to the subscription results reported by the Beijing-based firm, known as China’s answer to Nvidia.Over the past two trading days, Moore Threads shares rose more than five times, resulting in a nearly 40 million yuan (US$5.6 million) profit for High-Flyer, according to the Post’s calculation based on the stock’s 594.25…

China’s deliveries of rare earths, semiconductors and other commodities to Germany dominated the talks between German Foreign Minister Johann Wadephul and Chinese Commerce Minister Wang Wentao on Monday.“In all of these areas, there has been uncertainty, and that needs to be eliminated,” Wadephul said as he began a trip to China aimed at addressing Berlin’s trade and geopolitical concerns.According to Reuters, Beijing was far from being persuaded to grant general export licences for rare earth minerals that German manufacturers rely on.A separate report from Bloomberg said Wadephul told the commerce minister that China was Germany’s “most important trading partner”, and…

Two months before Bangladesh heads to the polls for the first time since the fall of Sheikh Hasina’s government, the most established party still in the race, the Bangladesh Nationalist Party (BNP), is facing deep uncertainty as its two top figures are either gravely ill or stuck abroad.BNP chair Begum Khaleda Zia, a former prime minister, is battling serious complications involving her heart, liver and lungs and is expected to be flown to London from Dhaka for treatment, while her son Tarique Rahman – the party’s de facto leader – remains in self-imposed exile despite expectations he would return after…

Shanghai-based chip firm MetaX Integrated Circuits has emerged as the latest star in mainland China’s stock market, with the graphics processing unit (GPU) maker proving to be even more popular among retail investors than peer Moore Threads ahead of its trading debut.MetaX attracted 5.17 million retail investors for its online subscription, giving it a final allotment rate of 0.033 per cent, according to a stock exchange filing on Monday. Beijing-based Moore Threads drew 4.82 million retail investors ahead of its debut on Friday, with a final allotment rate of 0.036 per cent.Founded in 2020 and viewed as one of China’s…

Shanghai-based chip firm MetaX Integrated Circuits has emerged as the latest star in mainland China’s stock market, with the graphics processing unit (GPU) maker proving to be even more popular among retail investors than peer Moore Threads ahead of its trading debut.MetaX attracted 5.17 million retail investors for its online subscription, giving it a final allotment rate of 0.033 per cent, according to a stock exchange filing on Monday. Beijing-based Moore Threads drew 4.82 million retail investors ahead of its debut on Friday, with a final allotment rate of 0.036 per cent.Founded in 2020 and viewed as one of China’s…

Given Pakistan’s consistent import tariff reduction, and a further cut on the radar under the National Tariff Policy 2025-30, the country’s growing trade deficit woes are expected to further exacerbate, experts say. Policy Research & Advisory Council (PRAC) Head of Research Dr Usama Ehsan Khan told Business Recorder that Pakistan had repeatedly reduced tariffs – such as the steep reduction from very high levels to much lower averages in earlier liberalisation phases. Average tariffs were being reduced from 10.4% to below 6% by 2030 under the National Tariff Policy, which would open the market to imported goods, he added. “Meanwhile,…

China’s securities regulator has called on the country’s 160 mutual fund houses to establish a performance-based salary mechanism, as part of efforts to uproot elitism from the industry.The China Securities Regulatory Commission (CSRC) has drawn up guidelines governing asset managers’ pay perks, suggesting that the performance of the funds they run should factor up to 80 per cent in determining their annual salaries, according to a report on Monday by the official Securities Times.The Shenzhen-based newspaper said the regulator was soliciting opinions from industry officials, without elaborating on the timetable for enforcing the new rules. The CSRC could not be…

China’s securities regulator has called on the country’s 160 mutual fund houses to establish a performance-based salary mechanism, as part of efforts to uproot elitism from the industry.The China Securities Regulatory Commission (CSRC) has drawn up guidelines governing asset managers’ pay perks, suggesting that the performance of the funds they run should factor up to 80 per cent in determining their annual salaries, according to a report on Monday by the official Securities Times.The Shenzhen-based newspaper said the regulator was soliciting opinions from industry officials, without elaborating on the timetable for enforcing the new rules. The CSRC could not be…

China’s securities regulator has called on the country’s 160 mutual fund houses to establish a performance-based salary mechanism, as part of efforts to uproot elitism from the industry.The China Securities Regulatory Commission (CSRC) has drawn up guidelines governing asset managers’ pay perks, suggesting that the performance of the funds they run should factor up to 80 per cent in determining their annual salaries, according to a report on Monday by the official Securities Times.The Shenzhen-based newspaper said the regulator was soliciting opinions from industry officials, without elaborating on the timetable for enforcing the new rules. The CSRC could not be…

China’s securities regulator has called on the country’s 160 mutual fund houses to establish a performance-based salary mechanism, as part of efforts to uproot elitism from the industry.The China Securities Regulatory Commission (CSRC) has drawn up guidelines governing asset managers’ pay perks, suggesting that the performance of the funds they run should factor up to 80 per cent in determining their annual salaries, according to a report on Monday by the official Securities Times.The Shenzhen-based newspaper said the regulator was soliciting opinions from industry officials, without elaborating on the timetable for enforcing the new rules. The CSRC could not be…