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A number of mainland China companies are making plans for initial public offerings (IPOs) or secondary listings in Hong Kong, a trend that augurs well for the city’s effort to claw its way back to the top of the global league table of fundraising destinations.Wang Xingxing, the founder of humanoid-robotics start-up Unitree, told Hong Kong’s chief executive John Lee Ka-chiu during his visit to Hangzhou last week that a listing in the city remains a future consideration, local media reported.Companies with firm plans to list in the city, according to recent exchange filings, include Shanghai-listed Suzhou Novosense Microelectronics, China’s fifth-largest…

A number of mainland China companies are making plans for initial public offerings (IPOs) or secondary listings in Hong Kong, a trend that augurs well for the city’s effort to claw its way back to the top of the global league table of fundraising destinations.Wang Xingxing, the founder of humanoid-robotics start-up Unitree, told Hong Kong’s chief executive John Lee Ka-chiu during his visit to Hangzhou last week that a listing in the city remains a future consideration, local media reported.Companies with firm plans to list in the city, according to recent exchange filings, include Shanghai-listed Suzhou Novosense Microelectronics, China’s fifth-largest…

Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest — delivered directly to your inbox.China’s top economic officials said the country could do without American farm and energy imports as they vowed to achieve a 5 per cent GDP growth target for the year despite the trade war with the US. Zhao Chenxin, vice chair of the National Development and Reform Commission, China’s state planner, said domestic farm and energy production, along with imports from non-US sources, would be more than enough to satisfy demand.   “Even if we do not purchase feed grains and oilseeds from the United…

KYIV, Ukraine (AP) — Ukraine and Russia targeted each other with long-range strikes, officials said Monday, amid continuing uncertainty about whether an agreement to stop their more than three-year war is within reach at the start of what America’s top diplomat called a “very critical” week.The Russian Defense Ministry said its forces downed 119 Ukrainian drones overnight, most of them over Russia’s Bryansk border region. In Ukraine, air raid sirens rang out across the country Monday morning. There were no immediate reports of casualties or damage.The outcome of a push by U.S. President Donald Trump’s administration to swiftly end the…

VATICAN CITY (AP) — Cardinals arriving for the first day of informal meetings after Pope Francis’ funeral were swarmed at the city-state’s gates by journalists eager for hints of whether any consensus was building around the election of a successor. A date for the start of the highly anticipated conclave could come as soon as Monday.In a chaotic scene, journalists shouted out questions about the mood inside, whether there was unity, and when the conclave would begin. A reporter for a satirical Italian television program repeatedly asked whether an Italian cardinal who has been convicted by the Vatican criminal court…

Selling returned to the Pakistan Stock Exchange (PSX) after a positive start, as the KSE-100 Index went into the negative territory to lose over 1,400 points during trading on Monday. The KSE-100 opened the session positive, hitting an intra-day high of 116,658.95 during the initial hours. However, selling pressure in the latter hours pushed the index to an intra-day low of 113,867.81. At close, the benchmark index settled at 114,063.90, down by 1,405.45 points or 1.22%. “Today’s trading session witnessed a classic tug-of-war between bulls and bears. The index opened on a positive note, gaining strong momentum in the early…

The Pakistan Stock Exchange (PSX) opened the week with a strong buying spree, as its benchmark KSE-100 Index gained over 1,100 points during intra-day trading on Monday. At 10:15am, the KSE-100 was hovering at 116,583.23, up by 1,113.89 points or 0.96% against the previous close. On Friday, the benchmark index had closed at 115,469.35. A rise in tensions between Pakistan and India following Pahalgam attack kept the stock market under pressure as the KSE-100 declined by 1.57% last week. “This decline can be attributed to cross border tension with India and futures rollover week. Other development during the outgoing week…

Bears took control of the trade floor on Monday as shares at the Pakistan Stock Exchange (PSX) reversed their short-lived gains in intraday trade, declining more than 1,400 points after a week of volatility due to heightened tensions between Pakistan and India. The benchmark KSE-100 index climbed by 941.79 points, or 0.82 per cent, to stand at 116,411.13 from the previous close of 115,469.34 at 10:05am. However, at 3:03pm, selling pressure ensued as the index decreased by 969.19 points, or 0.84pc, to stand at 114,500.15 from the previous close. Finally, the index closed at 114,063.90, down by 1,405.44 points or…

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. While the financial world has been laser-focused on one geopolitical crisis — the trade war — two others are heating up in Asia. China is provoking the Philippines in the South China Sea, and tensions between India and Pakistan are high after killings in Kashmir. Unhedged tends to play down the market impact of geopolitics. But this is, at the very least, seriously bad…

China’s top general He Weidong missed another top political gathering on Friday amid speculation about his whereabouts over the past few weeks.Beijing has not offered an official explanation for his absence, although his absence is not expected to affect China’s political stability, according to an analyst.He, the second-ranked vice-chairman of the powerful Central Military Commission (CMC) and one of the 24-member of the Communist Party Politburo, last appeared in public on March 11.He was absent from a Politburo study session presided over by Chinese President Xi Jinping on Friday, according to footage made public by state broadcaster CCTV on Saturday.…