Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
The Wall Street Journal
China’s Auto Champion Geely Will Rev Up Portfolios — As China’s car market grows for the first time in years, its top homegrown auto brand—planning to merge with Volvo Cars—stands to benefit.Chinese Home Buyers Paid Huge Deposits but Now Worry They’ll Be Left With Nothing — Financial stress at an upmarket developer is rattling Chinese families who paid big deposits for unbuilt homes—showing the risks in presales, one of the sector’s favorite funding tools.Jack Ma’s Ant Group Pushes Ahead With ‘Project Star’ Listing Plans; Investors See Big IPO Gains — When Ant Group goes public later this year, the Chinese financial-technology behemoth will likely earn a stratospheric market valuation that would place it at the top of compani
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