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THE WANG REPORT · MORNING EDITION
Monday, August 24, 2026
CL
Alibaba priced ten billion dollars of stock in Hong Kong overnight, the largest share sale the exchange has ever hosted, and the Hang Seng answered with a fresh high. Bankers are calling it a vote of confidence. It is, more simply, a market remembering it still knows how to raise money.-- CL
MB
Canada is now, by its own prime minister's word, at war with its largest trading partner. Fifty percent tariffs and a lot of very stern press conferences. Washington sent a warship through the Taiwan Strait days before a meeting with Beijing, the diplomatic equivalent of bringing a crowbar to a handshake. Hong Kong's monetary story ran the opposite way: Alibaba raised ten billion dollars here without declaring anything to anyone.-- MB
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