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Caitong Fuxin Fixed-Open Hybrid Fund will be suspended from market open on Sept 9, 2026 until 10:30 a.m. that day.
2026-09-08
Caitong Fuxin Fixed-Open Hybrid Fund will be suspended from market open on Sept 9, 2026 until 10:30 a.m. that day.
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2026-09-08
Daiwa says Bilibili (09626.HK) has issued $700m of zero‑coupon convertible bonds due 2031 and Tencent (00700.HK) has completed sale of its roughly 9.6% stake. Daiwa calls the structure a win‑win: it removes Tencent’s long‑standing cash‑out pressure, supplies about $400m of incremental cash to Bilibili and triggers an immediate $300m share buyback and cancellation to limit dilution. At the preliminary conversion price the bonds would convert into ~35.2m shares (gross dilution ~8.4%); after cancel
Daiwa says Bilibili (09626.HK) has issued $700m of zero‑coupon convertible bonds due 2031 and Tencent (00700.HK) has completed sale of its roughly 9.6% stake. Daiwa calls the structure a win‑win: it removes Tencent’s long‑standing cash‑out pressure, supplies about $400m of incremental cash to Bilibili and triggers an immediate $300m share buyback and cancellation to limit dilution. At the preliminary conversion price the bonds would convert into ~35.2m shares (gross dilution ~8.4%); after cancelling the repurchased stock net dilution is around 3.5%. Daiwa reiterates a buy rating and says the deal raises long‑dated zero‑coupon funding at a cost well below plain offshore bonds.
2026-09-08
Henan’s housing and urban-rural development department and eight other provincial departments issued a policy package titled Several Measures to Coordinate Controlling Increment, Destocking, Improving Supply and Stabilizing the Real Estate Market, pledging stepped-up support for housing consumption including locally tailored purchase subsidies and loan interest subsidies. The package promotes real‑estate+ online and offline promotions tied to local culture and tourism to stimulate demand and bac
Henan’s housing and urban-rural development department and eight other provincial departments issued a policy package titled Several Measures to Coordinate Controlling Increment, Destocking, Improving Supply and Stabilizing the Real Estate Market, pledging stepped-up support for housing consumption including locally tailored purchase subsidies and loan interest subsidies. The package promotes real‑estate+ online and offline promotions tied to local culture and tourism to stimulate demand and backs diversified upgrade demand. It also relaxes unit-counting for qualification: buyers with no property within the administrative boundaries of the county (city, district) where the intended purchase is located may be treated as first-time buyers; multi-child households that already own property may have one unit deducted when counting owned homes for a subsequent purchase.
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