From Financial Times: Some of the world’s biggest fund managers are set to expand aggressively into the booming Chinese wealth management market following a rule change that could trigger a massive flow of mainland investments into foreign equity products. The long-awaited liberalisation of China’s overseas investment regulations, announced after the market closed on Friday, enables […]
Read MoreFrom Financial Times: China’s trade surplus grew in April, setting the scene for a tense meeting in Washington this month aimed at tackling bilateral disputes. China recorded a surplus of $16.9bn, more than double that of March, Beijing announced on Friday. For the first four months of the year, the surplus reached $63.3bn, 88 per […]
Read MoreFrom BBC News: A fall in Chinese shares is a real possibility amid “risks of market euphoria”, according to a report from Goldman Sachs. It warns that optimism and speculative trading have pushed share prices ahead of market fundamentals. If speculative activity continues among retail investors, it says that the market could develop into a […]
Read MoreFrom AP via SanDiego.com: A court sentenced a man to life in prison Wednesday for taking nearly $500,000 in bribes while posing as a reporter – and sometimes a top editor – for the Communist Party’s official newspaper, the People’s Daily. Liu Yonghong had promised low-level officials outside Beijing that he could help them get […]
Read MoreFrom International Herald Tribune: After another feverish day of buying in this country’s amazing bull run, share prices in China broke records again Wednesday, sending the benchmark Shanghai composite index past the 4,000-point milestone for the first time. On a day when share prices also rallied in Hong Kong and Shenzhen, the Shanghai composite closed […]
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