French corporate and investment bank, part of Groupe BPCE since 2006
China has placed 10 US companies, including rare‑earth producers MP Materials and USA Rare Earth and several drone makers, on its export control list, barring Chinese companies from selling dual‑use items to them. Beijing has also excluded 46 US firms from government procurement, and has framed the moves as retaliation for a recent Pentagon blacklist of Chinese companies.
EU trade chiefs push to rebalance trade with China as talks with Beijing seek tangible results by autumn. Europe faces a €360 billion deficit as climate, industry and tech sectors depend on China, even as leaders vow to defend strategic industries.
A Shenzhen court has sentenced Evergrande founder Hui Ka Yan to life in prison and ordered confiscation of his assets, while a Guangzhou court has accepted bankruptcy liquidation for Evergrande’s mainland property unit. Courts have fined Evergrande and its unit about 15.8 billion yuan, and dozens of executives have also received prison terms.
Shein has floated on the Hong Kong stock exchange at HK$48.56 a share, valuing the company at about US$26.3bn and raising roughly HK$13.6bn. Shares plunged as much as 10% on open before recovering to close marginally below the offer price. The IPO follows failed plans to list in New York and London and rising trade and regulatory costs that have squeezed margins.