The global financial landscape is shifting, and recent events in Asia are signaling a potential challenge to Wall Street’s long-held dominance. Two key developments – the colossal IPO of Chinese battery giant CATL in Hong Kong and the looming prospect of Hong Kong funds offloading US Treasuries – are painting a picture of a region increasingly confident in its own financial muscle. CATL, the world’s largest maker of electric vehicle batteries, sent shockwaves through the financial world with its decision to list in Hong Kong instead of the traditional stronghold of New York. Raising a staggering $4.6 billion, this IPO…
Economy / FinanceAsiaNorth America
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