BEIJING | July 10, 2015 | By Alberto Lebrón | Can you imagine a country capable of losing, in just three weeks, nearly five times what Greece owes the Troika? Chinese stock markets have lost ten billion yuan. In euros, that is almost one and a half billion, more than Spain’s entire GDP.
BEIJING | July 8, 2015 | Caixin | The government was slow to recognize the risks that umbrella trusts created, then acted as if the Shanghai Composite Index should set policy.
LONDON | July 8, 2015 | Barclays | Shanghai, Shenzhen, and Hong Kong-listed H-Share indices all fell 3-4%, although the declines likely understate the weakness in sentiment given that trading has been halted in shares comprising c.40% of market capitalisation.
BEIJING | July 2, 2015 | By Xu Gao via Caixin | Moves by the Chinese central bank (PBOC) indicate that it is paying close attention to margin trading and the commitment that banks have made to the bourse.
BEIJING | June 27, 2015 | By Wu Hongyuran via Caixin | Loan levels would no longer be limited to three-quarters of deposits if legislature approves amendment approved by cabinet.
BEIJING | June 23, 2015 | By Ye Xiang via Caixin | The country may be facing the end of cheap labor, but these changes are being driven by a more fundamental shift in the economic model rather than family planning policies.
HONG KONG | June 18, 2015 | By Alicia García-Herrero via Caixin | Brazil’s economy is burdened by debt and China is leveraging at an unsustainable level, situations that could be exacerbated by Fed tightening.
By Ray Kwong | Things just shifted into high-gear in China’s taxi app war. Just days after a leaked memo showed Uber is raising US$1 billion to put its China business into overdrive, the Wall Street Journal reported that Didi Kuaidi—China’s largest taxi app company—is out to raise US$1.5 billion.
BEIJING | June 16, 2015 | By Yu Hairong and Wang Liwei via Caixin | Economists are divided over whether deflation in China is endangering the economy or whether it is even a problem.
BEIJING | June 11, 2015 | By Zhang Yu and intern reporter Han Hui via Caixin | Financial institutions have become more cautious about lending money to investors playing the Chinese A-share market, which is seeing its strongest rally in nearly eight years even as analysts issue warnings of a collapse.