In today’s briefing:
- CX Daily: Shanghai’s Maternity Hospitals Struggle To Isolate Covid Patients
- Surging Covid Infections Delay Chinese Exporters’ Deliveries
- Split-Offs in Korea: Amendment by FSC & Implications
CX Daily: Shanghai’s Maternity Hospitals Struggle To Isolate Covid Patients
- Hospitals /: Shanghai’s maternity hospitals struggle to isolate Covid patients
- Covid-19 /: China to drop outbound travel restrictions with end of ‘zero Covid’
- Banking /: China sets new risk rating system for foreign bank operations
Surging Covid Infections Delay Chinese Exporters’ Deliveries
- The surge of Covid-19 across China is preventing exporters from delivering orders on time because their workers are falling sick.
- The missed deadlines show how China’s Covid policy is again disrupting foreign trade, this time due to illnesses rather than lockdowns and other restrictions.
- Suppliers in the Guangdong province cities of Guangzhou, Dongguan and Foshan said they have had to push back deliveries until the middle of January
Split-Offs in Korea: Amendment by FSC & Implications
- The FSC recently made an amendment where when a listed company’s BOD decides on a split-off, the shareholders that oppose this physical division are granted the right to purchase shares.
- The new regulations on the split-offs will encourage new spin-offs where the shares of the subsidiary company of the spun-off entity are distributed as special dividends on a pro-rata basis.
- These capital market reforms in Korea will help the country to eventually reach Developed Country status by the MSCI, most likely in 2025-2027.
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