A bubble in China inflated markets

“From an equity market perspective, all classic signs of a bubble are out there,” he said. He warned that the amount of money that inexperienced and first-time investors are borrowing on margin to buy stocks is uncomfortably high.   “The margin debt in China as a share of its stock market is higher than during […]

UBS appoints new China country head

Qian replaces David Li, who left the firm in September last year, a spokesman said. Qian has 20 years of experience in China/Hong Kong banking and worked as president and board director of Citi China. At Citi, he was responsible for corporate and investment banking strategy as well as the consumer banking businesses. He joined […]

Vanguard launches first S&P 500 ETF

Vanguard, which now has five ETFs in Hong Kong, said the total expense ratio (TER) of the new fund would be 0.25% annually, making it the lowest cost US equity ETF available in the special administrative region of China. “Today’s launch of the Vanguard S&P 500 Index ETF demonstrates our ongoing commitment to the Hong […]

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