China's billionaires are making money for the first time since 2020
Financial Express Delhi|December 19, 2024
CHINA'S BILLIONAIRES ARE slowly starting to recover their wealth after three years of losses from a property crisis and Xi Jinping's push for common prosperity at the expense of powerful private business owners.
VENUS FENG & PUI GWEN YEUNG

The combined fortunes of 55 of the nation's wealthiest tracked by the Bloomberg Billionaires Index have risen 16% to $809.6 billion since the beginning of January, after a roller-coaster year marked by sweeping easing measures from Beijing that ultimately drove stocks higher.

Tech tycoons are leading the rebound. Tencent's Pony Ma is the biggest winner of the year, with his fortune surging by more than a third to $47.9 billion, according to Bloomberg's wealth index, which tracks the world's 500 richest people. He was followed by Lei Jun, founder of smartphone maker Xiaomi, which has surged on its rapid push into electric vehicles. The tech billionaire has added $12.8 billion.

Bu hikaye Financial Express Delhi dergisinin December 19, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Financial Express Delhi dergisinin December 19, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FINANCIAL EXPRESS DELHI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Navy boat hits ferry off Mumbai coast, 13 dead
Financial Express Delhi

Navy boat hits ferry off Mumbai coast, 13 dead

A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday.

time-read
1 min  |
December 19, 2024
'Unusual' surge in November gold imports under govt lens
Financial Express Delhi

'Unusual' surge in November gold imports under govt lens

COMMERCE MINISTRY EXAMINING ANY ERROR IN DATA COMPILATION

time-read
2 dak  |
December 19, 2024
Financial Express Delhi

H-1B overhaul a boon for Indian techies

THE US GOVERNMENT on Tuesday announced major reforms in its popular H-1B visa programme, a move that is expected to help thousands of Indian tech professionals.

time-read
1 min  |
December 19, 2024
Sebi tightens SME listing regulations
Financial Express Delhi

Sebi tightens SME listing regulations

● Performance validation agency PaRRVA set up

time-read
2 dak  |
December 19, 2024
Financial Express Delhi

Trump threatens to impose reciprocal tariffs on India

US PRESIDENT-ELECT DONALD Trump has said that India charges \"a lot\" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.

time-read
2 dak  |
December 19, 2024
Financial Express Delhi

'Had fun but it's time': Ashwin bows out of internationals with shock retirement call

RASHWIN STOOD IN the corridor outside the press conference room after the third Test ended in a draw. Captain Rohit Sharma, walking just ahead of him, gestured to the waiting journalists. \"Sab pata chalega abhi (everything will be known now),\" he said with a laugh, perhaps in reference to the buzz in the press box and on social media about the possible retirement of a \"big player\".

time-read
3 dak  |
December 19, 2024
Financial Express Delhi

US announces H-1B visa overhaul, Indian techies to benefit

TO TAKE EFFECT IN MID-JANUARY

time-read
2 dak  |
December 19, 2024
Financial Express Delhi

Free healthcare for senior citizens: Kejriwal

AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power.

time-read
1 min  |
December 19, 2024
Financial Express Delhi

Sebi tightens SME IPO rules

Sebi cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE), increasing the threshold for identifying HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introducing a sunset clause governing corporate governance of debt-listed securities.

time-read
1 min  |
December 19, 2024
Financial Express Delhi

Trump threatens to impose reciprocal tariffs on India

HE MADE THE remarks while responding to a question on a potential trade agreement with China.

time-read
2 dak  |
December 19, 2024