China may as soon as next month release policies encouraging the transfer to listed state-owned companies of research institutes that develop military technologies, according to people familiar with the matter.
Billionaire Guo Guangchang’s Fosun International Ltd. plans to raise as much as HK$5.18 billion ($669 million) in a rights offering for refinancing and general corporate purposes after its stock surged this year.
Nobel laureate Edmund Phelps was among a group of economists who called on China to refrain from introducing a stimulus package as pressure grows on the government to take steps to support economic growth.
New York City Comptroller Scott Stringer said the city’s $148 billion pension funds withdrew shareholder requests that Jarden Corp. and Microchip Technology Inc. diversify after they appointed women to their boards.
New York City Comptroller John Liu stood in a Chinatown banquet hall last week surrounded by hundreds of guests who paid $100 each to celebrate his 46th birthday. There were platters of noodles, balloons and enough American flag-themed cake to feed the entire room.
An adviser to China on Hong Kong affairs effectively rejected key elements of a proposal put forward by Anson Chan in an effort to break an impasse over increasing local democracy, the South China Morning Post said.