Katrina Hamlin joined Reuters Breakingviews in 2012. As well as overseeing Breakingviews' production in the Asia region, she writes on topics including China's environment and media. She was previously based in Shanghai as deputy managing editor of Shanghai Business Review magazine. Originally from Hong Kong, she has also lived and worked in Chengdu. She graduated from the University of Oxford with an MA in Classics.
CATL shares rose by the maximum 44 pct in its market debut. While such ardour is common in China’s frothy markets, the $12 bln local champion could live up to high expectations. Its success will also rev up demand for the next listings that ride the global electric vehicle boom.
The world’s top maker of polysilicon, a key ingredient in solar panels, is selling control of a core Chinese unit for nearly $2 bln. That’s a surprisingly good price. This will help GCL-Poly through a lean patch as the industry adapts to a sudden withdrawal of government grants.
The Chinese region wants to be more like Las Vegas, and focus on varied nightlife and family fare. One official says resorts could generate 40 pct of revenue beyond the casinos. It's a worthwhile target for Galaxy and peers, but Macau's infrastructure is one of many hurdles.