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To that end, HKEX introduced rules in April allowing companies to list with WVR - a key attraction of a U.S. listing - as well as allowing U.S.-listed Chinese companies to hold a secondary listing in Hong Kong for the first time. Steven Leung, sales director at UOB Kay Hian, a broker, said investor belief that Xiaomi would be included in stock connect had helped boost its share price toward the end of last week. “(The decision to exclude it) will affect IPOs, and they may not consider WVR if they want to be included in stock connect to tap the mainland investors,” he added.

Earlier this year, Chinese authorities announced plans to allow Chinese depositary receipts (CDRs) as a means of letting overseas-listed companies sell shares at home - a plan that directly undercut Hong Kong’s efforts to attract the likes of Alibaba (BABA.N) and Baidu (BIDU.O), who are both U.S.-listed, While details of CDRs are being worked captain america favorites necktie gift set cufflinks out - earlier this month Xiaomi postponed plans to sell CDRs - mainland companies are still pushing ahead with Hong Kong listings, including Meituan-Dianping, the online food delivery-to-ticketing services platform, which could raise $4 billion in the city..

LONDON (Reuters) - The outlook for export orders of the Typhoon fighter jet is as good as it’s been for quite some time, with demand coming from the Middle East and Europe, the boss of BAE (BAES.L) said. “We have a number of export campaigns in play and .. I think the outlook for Typhoon export orders is as good now as it’s been for quite some time, both in our very important Middle East customers but also within Europe,” Charles Woodburn told BBC Radio on Monday. Britain’s Defence Minister Gavin Williamson is set to unveil a model of the country’s proposed new fighter jet at the Farnborough International Airshow later on Monday.

HONG KONG (Reuters) - Investors on Monday captain america favorites necktie gift set cufflinks cheered the lifting of a U.S, supplier ban on China’s ZTE Corp (0763.HK), pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business, The U.S, Commerce Department on Friday lifted a crippling ban on American firms selling parts to ZTE - imposed in relation to a U.S, sanctions case - after the Chinese company deposited $400 million in escrow as part of a settlement reached last month, The settlement also included a $1 billion penalty paid to the U.S, Treasury in June..

“It’s a long way back for ZTE. Not just to win back customer confidence and assure them, but also work hard to find substitutes to U.S. suppliers such as Avnet, Qualcomm, Broadcom etc (to reduce reliance),” said Nikhil Batra, senior research manager at consultancy IDC. “Essentially, this would mean going back to the drawing board and rethinking its overall design strategy.”. ZTE’s Hong Kong-listed stock opened up 5.5 percent on Monday, rising over 17 percent to HK$16.12 by noon. That was still 37 percent lower than its last price in April when trading of the stock was suspended for two months following the ban.

ZTE’s Shenzhen shares jumped by their 10 percent daily limit early on Monday, as investors brushed off ZTE’s forecast on Friday a net loss of up to 9 billion yuan ($1.35 billion) for the first half of 2018 due to the fine, Jefferies analyst Edison Lee estimated ZTE had an operating captain america favorites necktie gift set cufflinks loss of up to 4 billion yuan for April-June due to suspending business when the ban was imposed, Lee said he expected ZTE to go to each of its non-Chinese telecommunications customers “and offer incentives of varying degrees to compensate for their hardship and reward their patience and loyalty”..

People familiar with the matter told Reuters that ZTE started reaching out to clients over the weekend with a letter promising to ramp up operations as quickly as possible. Many U.S. lawmakers see ZTE as a national security threat and, on Thursday, a group of Republican and Democratic U.S. senators urged ZTE’s penalties be reinstated. The U.S. Senate paved the way for a showdown with U.S. President Donald Trump over the issue last month, when it passed an annual defense policy bill with an amendment that could reverse ZTE’s settlement.

The fate of the amendment remains unclear as the Senate and House have yet to reconcile their different versions, There is bipartisan support for the measure among members of Congress, but Republicans control both the Senate and House and party leaders rarely break from Trump’s policies, “The political nature of the issue and the fact that members of the U.S, Senate are not on board this decision makes it very tricky, Anything could happen,” said Batra, Others agreed captain america favorites necktie gift set cufflinks the prospect of ZTE continuing as before was unlikely..

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