Executives at the world’s largest asset manager have assured investors in China that the prospect of a trade war with the US should not be a deterrent in the long-term, reports Bloomberg, as both economies will adjust to any further tensions. “It’s that adjustment that’s painful,” said Mark Wiseman, global head of active equities at […]
Category: Brief
A new survey by a Financial Times research unit has shown that the majority of Chinese consumers are willing to boycott the purchase of US goods should an all-out trade war emerge between Beijing and Washington. The survey, which involved 2,000 respondents from 300 cities, found that 54% of people would “probably” or “definitely” stop buying […]
Confidence in China’s $195 billion peer-to-peer lending industry is under strain as reports of defaults and closures by lending platforms has surged in recent weeks. At least 57 P2P operators have announced sudden closures, defaults on payments, or have come under police investigation in the first two weeks of July, according to Bloomberg. This follows on […]
House prices in China grew at the fastest rate in almost two years last month, according to official data, suggesting that restrictive measures to cool the industry may need to be ramped up. Average new home prices across China’s 70 major cities rose 1% in June from the previous month, Reuters reports, with 63 cities posting higher […]
The Beijing High Court issued a rare criticism of China’s top securities regulator on Tuesday over the high-profile prosecution of a Chinese businessman for insider trading. The court ruled to revoke a Rmb 130 million ($19 million) penalty given by the China Securities Regulatory Commission (CSRC) to Su Jiahong in 2016 on counts of insider […]