Boris breaks ranks on 5G

How Huawei has strained the UK’s ‘special relationship’ with the US. Boris Johnson, who read Classics at university, seems more comfortable looking back to the ancient world than peering ahead to the technologies of the future. During his stint as London’s mayor he talked up the British capital as a tech hub. But his utterances on next-generation technology were generally limited to requests … http://bit.ly/2U9KMw9

A bear market

Pandas set to make a comeback as foreigners tap renminbi bonds. They can be elusive… The world’s three biggest domestic bond markets all have special categories for foreign issuers: Yankees in the US, Samurais in Japan and Pandas in China. And in China’s case, they have proved to be as rare as the bear they are named after. Issuance has never really gotten off the groun … http://bit.ly/2EXO13Z

Unfinished business

Bad news for developers as China debates whether to scrap ‘presales’ of flats. Most Hongkongers are aware there is an acute concentration of economic power in the hands of a few families in their home city. But in the 1960s – before the rise of the likes of Li Ka-shing’s Cheung Kong and the Kwok’s Sun Hung Kai – the man known as “the godfather of real estate” was Henry Fo … http://bit.ly/2EaTuEb

It’s going to double: Machin

Canada pension fund CEO tells WiC that China will rise to 20% of portfolio. For decades the most famous foreigner in China was Norman Bethune, a Canadian doctor about whom Mao Zedong wrote a famous eulogy. Bethune saved countless lives during the Japanese invasion and subsequent Chinese civil war, thanks to his medical skills. In Mao’s essay – which still appears in schoo … http://bit.ly/2Nm4yxk

All consuming

After the success in China of KFC and McDonald’s, US burger chain Shake Shack is hoping to emulate them by opening its first outlet in Shanghai in early 2019. The debut outlet in Xintiandi, where Pizza Marzano (the name used in China by Pizza Express – a chain acquired in 2014 by private equity firm Hony Capital) used to be located, is banking on consumers finding its … http://bit.ly/2O4LYy2