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On May 28, the Shenzhen Stock Exchange 2026 Global Investors Conference opened in Shenzhen. The theme of the conference was "Capital Markets and Innovative Growth – Chinas Opportunities under the 15th Five-Year Plan." Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will resolutely implement the decisions and deployments of the CPC Central Committee and the State Council, continuously deepen the comprehensive reform of capital market investment and financing, and systematically plan and launch more powerful reform and opening-up measures to address the "variables" of the international environment with a "constant" approach of coordinated development and win-win cooperation.On May 28, the 2026 Global Investors Conference, hosted by the Shenzhen Stock Exchange, was held in Shenzhen. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated in his address that Chinas comprehensive reforms to investment and financing in the capital market have been progressing steadily and effectively, with overall market valuations remaining within a reasonable range, and foreign investors willingness to allocate to high-quality Chinese assets continuously increasing.On May 28th, the 2026 Global Investors Conference, hosted by the Shenzhen Stock Exchange, was held in Shenzhen. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated in his address that China is a major contributor to and a stabilizing force for global economic growth, and a fertile ground for foreign investment. Since the beginning of this year, foreign capital has steadily flowed into the Chinese stock market through various channels. As of now, overseas investors hold over 4 trillion yuan in A-share market capitalization, becoming significant participants in Chinas capital market.On May 28th, European Central Bank Chief Economist Lane stated on Thursday that even if the Middle East conflict is resolved quickly, the resulting energy shock could still have a lasting impact on inflation. While historically, oil prices tend to fall back to their original levels after a surge, the current situation may be different as countries replenish their inventories or adjust their energy mix, potentially keeping energy costs high. Lane stated, "Global oil supply experienced a fairly rapid and significant drop overnight, a situation previously masked by inventories. Even as the initial energy shock begins to subside, the second wave of effects will continue for some time." Lane indicated that some policy lessons can be learned from past energy shocks, such as how rising energy costs can suddenly push up inflation and trigger "various non-linear" mechanisms, thus broadening the scope of price increases. "But this is different from the non-linear situation four years ago," when supply disruptions caused by the war in Ukraine and strong demand from the economic reopening following the COVID-19 pandemic jointly pushed up inflation. Lane stated that central banks must face any major shocks and their potential impact on inflation, but should avoid overreacting when formulating monetary policy.On May 28, the 2026 Global Investors Conference, hosted by the Shenzhen Stock Exchange, was held in Shenzhen. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated in his address that since the implementation of the "Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises" in 2023, the management of overseas listing registration has been generally stable and orderly. As of April 2026, the CSRC has processed 418 initial public offering (IPO) registration applications from domestic enterprises, supporting companies in making good use of both domestic and international markets and resources.

Nasdaq-listed 26 Capital Will Seek A $2.5 Billion SPAC Transaction With A Casino in Manila

Haiden Holmes

Jun 16, 2022 10:50

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Wednesday, the CEO of 26 Capital Acquisition Corp said that the company remained dedicated to its $2.5 billion acquisition of the Philippines' largest integrated casino-resort, despite a control dispute involving the present owners.


Okada Manila, a 44-hectare (108-acre) property owned by companies of Japan's Universal Entertainment Corp, decided in October to combine with 26 Capital and go public in the United States.


However, the transaction has been involved in a protracted battle between Universal and its former chairman and founder, Kazuo Okada.


This conflict took a dramatic turn on May 31, when Okada's Filipino partners, aided by private security guards and local police, gained physical possession of the $3.3 billion casino in the Philippine capital.


"I anticipate Universal will regain control of Okada Manila in the near future," Jason Ader, chairman and chief executive officer of Nasdaq-listed 26 Capital, told Reuters. Both sides want to finalize the deal.


After the Philippine Supreme Court declared in April that Okada should be reinstalled as chairman of the casino's owner and operator, the casino was seized.


Tiger Resorts, the domestic subsidiary of Universal, has challenged the verdict and what it called a "illegal and brutal" acquisition.


A U.S. listing would provide Okada Manila with access to a variety of finances, clients, and lenders, according to Ader, who added that investors believe the Philippines has the potential to become one of the world's top gaming markets.


In a statement, Vincent Lim, a spokesman for Okada Manila's current administration, denied any violent takeover and said that since Okada's return, hotel occupancy rates and casino gaming activity had increased. "His reappearance has restored and revitalized consumer and shareholder trust."


The Philippines' casino industry has begun to recover from the epidemic, with total gaming revenues increasing 14 percent to 113 billion pesos ($2.12 billion) in 2021, albeit still below the record-breaking 256 billion pesos in 2019.


In contrast, Macau, the largest gambling hotspot in the world, continues to suffer under Beijing's "zero-COVID" policy.


Okada was removed from the boards of Universal and its Philippine subsidiary in 2017 on suspicion of misappropriating corporate cash, which he denies.