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Good Chinese Firms To Follow Today

Summary

Qudian.

Alibaba.

Larry Summer’s comment about China’s Property Bubble.

1. Qudian

It is aimed to raise $800 Million to $1 Billion via NY Listing. It is planning the largest IPO for Chinese firms since Alibaba.

2. Alibaba

Jack Ma has announced that he is planning on launching Alibaba Malaysia Distribution Hub. The hub is going to locate at Kila Aeropolis. It is going to be 24700-acre development led by airport operator Malaysia Airports Holdings BHD.

3. Larry Summer's comment about China's Property Bubble

Mr.Summer pointed out that China needs to balance bolstering growth and persistent economic ills. He has concerns towards property building in China. He thinks that there is not much demand for property building in China and keeping building properties can cause problems in the future.

4. China Development Forum

China's foreign minister Wang Yi has mentioned on the forum on Monday that "China is willing to shoulder its due international responsibility but it never wants to lead the whole world." It showed that China is willing to support the globalization and cooperate with other countries.

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