Asia stocks fall after China aims at shadow loans
Asian stocks sank on Monday after China allowed commercial lending rates to soar in a move analysts said was aimed at curbing a booming underground lending industry. Analysts say the…
Market jitters greet move to resume share offerings
Beijing’s decision to resume initial public offerings next month has raised fresh fears of a fund outflow, knocking the mainland share market to its lowest close in six months yesterday.…
CME raises margins for gold as prices drop
The CME Group, parent of the Chicago Board of Trade, raised initial margins for Comex gold after prices plunged to their lowest in three years on Thursday. Gold prices plunged…
Macau Legend delays offering
Choppy markets have prompted casino-hotel operator Macau Legend Development to delay its HK$ 6.1 billion flotation, increasing pressure on other listing candidates to reconsider their plans. Markets & Investing feed…
China bond market suffers from cash crunch
At least 11 companies have delayed bond sales this week as the mainland’s worst cash crunch on record persists. About 7 billion yuan (HK$ 8.8 billion) of offers have been postponed,…
Hedge fund Grandmaster sees stock market crash in China
Former chess grandmaster-turned hedge fund manager Patrick Wolff is betting on a stock market crash in China, where he says corruption and bad debts have spiraled to dangerous levels. Speaking…
Hong Kong shares sink to 9-month low on Fed, China flash PMI
Asian markets fell and Hong Kong shares slipped to a nine-month low on Thursday, after the US Federal Reserve signalled a tapering of stimulus and weak HSBC Flash PMI data…
Famed British fund manager Anthony Bolton meets his China match
Anthony Bolton’s decision to stop managing Fidelity China Special Situations highlights the tough conditions foreign asset managers face in China, where even seasoned investors can fall prey to accounting fraud…
Fortunes being made faster in Hong Kong
Almost two-thirds of wealthy Hongkongers have accumulated their wealth in 20 years and three out of 10 have seen a fivefold jump in wealth in their lifetime, a survey has…
