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...Headed for a time by former president Hu Jintao’s son, Hu Haifeng, Nuctech has long been criticised for its close links to Beijing and has been red-flagged by the US over potential risks to national security...
...Henry Hu, a professor of finance at the University of Texas, said some traders appeared to have been betting that other investors would “overreact” to immaterial news because of “the magic dust of AI”....
...The raids took place at the Warsaw and Rotterdam offices of Nuctech, a state-owned company once run by the son of former Chinese president Hu Jintao....
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...Anything or anybody who gets in the way — as Hu apparently did that day — is dealt with....
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...The move helped it ensure quality while repairing its image with investors, said Hu....
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...“These new measures reflect concerns of policymakers on the credit risk of private developers,” said Larry Hu, chief China economist at Macquarie....
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...The reasons for Hu’s removal have never been explained. But in his own quiet way, Li may have had the last word....
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...“US yields continue to go higher and China yields [are] flat-ish,” Hu added. “That creates a very large arbitrage opportunity.”...
...Some of the blame for this lay with the relative passivity of the Hu Jintao and Wen Jiabao era....
...Raimondo also met China’s economic policy chief, He Lifeng, and culture and tourism minister Hu Heping on Tuesday, while on Monday she met commerce minister Wang Wentao....
...Henry Hu, a former official at the Securities and Exchange Commission, said traders were betting that less-informed investors would overreact to the “magic dust” of association with AI and Nvidia....
...(The show also features the work of two others, Chinese artist Hu Liu and Danish/Turkish ceramicist Alev Ebüzziya Siesbye.)...
...That is in contrast with rivals such as Nestlé, which this year bought Brazilian premium chocolate maker Grupo CRM, and Mondelez, which in 2021 acquired vegan and Paleo chocolate brand Hu....
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