Five Things You Need to Know to Start Your Day

Traders are creeping back to China markets. The forecaster who predicted India’s Covid peak sees a new wave coming. Why big money isn’t leaving Hong Kong. Here’s what you need to know this Monday morning.

China’s securities regulator called for talks with its American counterpart after the U.S. Securities and Exchange Commission halted the initial public offerings of Chinese companies. The U.S. regulator had said it would suspend any Chinese IPOs until companies improved their risk disclosures. Meanwhile, a recovery in Chinese stocks following a meltdown at the start of last week underscored how investors in emerging markets have few alternatives that are as big and liquid. Traders piled a net $975 million into Chinese exchange-traded funds last week, more than all other developing nations tracked by Bloomberg combined. And after 40 years of allowing the market to play an expanding role in driving prosperity, China’s leaders have remembered something important — they’re Communists. The goal now is common prosperity and national security.