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As the HSCEI adjusted its member list on March 5, 2018, the valuation system of this index was strongly adjusted. This adjustment added 11 new members to the index. Some of them have extremely high valuations. For instance, Tencent was trading at 14.7 P/B ratio and Zhong An Online was trading at 12.9 P/B ratio on that particular day. This adjustment of index constituents abruptly increased the P/B ratio of the HSCEI by 0.23.

As we detailed yesterday, tech execs like Bezos, Zuckerberg, Apple’s Tim Cook, Microsoft’s Satya Nadella, Alibaba’s Jack Ma, and 24 other executives gathered in Redmond, Wash., to meet with China President Xi Jinping at the conclusion of?the eighth annual U.S.-China Internet Industry Forum. It was a rare gathering of some of the most powerful people in the tech industry — Bill Gates was also in the room — who traveled from across the globe to Microsoft’s campus this week in the Seattle region where President Xi has spent the past three days.

As the Beijing 2022 Olympic and Paralympic Winter Games approach, and with Chinese authorities' efforts to revive the sports industry after COVID-19 epidemic, companies both at home and abroad are zeroing in on China's fast-growing sports sector and expect to cash in on huge business opportunities ahead.

As the latest round of high-level bilateral trade talks has been extended by another two days until Sunday in Washington, it is highly anticipated that one of the most contentious bilateral commercial disputes in recent memory will soon be amicably resolved, and mutually beneficial free trade will become the norm, according to analysts and former officials.

As the world's second largest economy, China saw the fine fragrance market increase 15 percent last year, according to data from Euromonitor International.