Week of 10 August 2026
Weekly markets 10 08 2026
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China is opening up its capital markets to close the tech gap with the US, with $217bn raised through Chinese IPOs and bond sales over the past two years, tapping into $26 trillion of household savings and funding tech firms at coupons over 300 basis points cheaper than US peers. We ask whether policy-driven money alone can close that gap. Elsewhere, UK regulators are exploring a tokenised gold framework to defend London's 70% share of global bullion trading against rising competition from Hong Kong. And in markets, Apollo Global Management is providing $2.6bn to the New York Yankees owners, its largest ever US sports investment, as private equity keeps piling into professional sport.
