News Snapshot:
Shenzhen, located over the mainland China board with Hong Kong, is home to Asia's busiest bourses ... [+] for IPOs. (AP Photo/Ng Han Guan) ASSOCIATED PRESS It was a down year for billionaires from mainland China on the 2022 Forbes Billionaires List released in April; their ranks thinned to 539 members from 626 a year earlier. By mid-May, one in six listees had fallen below the billionaire cut. Sentiment has since picked up as the country’s brutal Covid lockdowns have eased, however. China’s benchmark CSI 100 Index rose by 1% to a three-month high of 4,490.52 yesterday on growth hopes....
