It is good to launch a share sale on a strong day for the markets. CATL, the world’s biggest battery maker, charged its deal with news of a temporary US-China trade truce that lifted stocks around the world. Trouble is, the Chinese group’s $4bn listing in Hong Kong also underscores the risks for its new international backers.
在市場強勁的日子發行股票無疑是好的。世界最大電池製造商寧德時代(CATL)趁著美中貿易休戰、全球股市受到提振的時機宣佈交易。麻煩在於，這家中國集團赴港上市、籌資40億美元的交易，也凸顯了其新的國際支持者將會面臨的風險。
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