SHORT BETS AGAINST INSURANCE FIRMS ACROSS THE GLOBE ROSE OVER 60% IN LAST YEAR TO OVER $31 BLN, S&P GLOBAL DATA SHOWS

Contemporary Amperex Technology Co. Ltd. (CATL) is seeking to raise about $5 billion via a Hong Kong share sale, with shares priced at HK$628.20 to HK$651.80, a 3.5% to 7% discount to Monday’s close. Proceeds will fund global capacity expansion, zero-carbon initiatives, R&D, and working capital. China International Capital Corp., Bank of America, JPMorgan Chase, and Morgan Stanley are arranging the deal.

CHINA’S COMMERCE MINISTRY ON EU INDUSTRIAL ACCELERATOR ACT, CITING BARRIERS AND DISCRIMINATION AGAINST FOREIGN INVESTMENT IN EVS, BATTERIES, SOLAR, AND CRITICAL MATERIALS