Investors across China are continuing to support the founder of an alleged Ponzi scheme, even after he turned himself into police, despite standing to lose CNY70bn ($10.8bn).
Tag: China
Hot Hong Kong market breaks historical record
Who needs the S&P? Hong Kong’s red-hot stock market yesterday closed at the highest point since its inception in 1891, breaking the previous record set in October 2007 as China optimism soars.
BoS: Hunt for China’s tech theme in healthcare, finance
Investors with an appetite for China’s new technology opportunities should look to sectors where they are applied, rather than overvalued tech companies, argues Johan Jooste, chief investment officer at Bank of Singapore.
Citi PB: Reforms to boost China’s old economy in 2018
Chinese banks, seen as risky by many investors, are looking attractive in 2018 due to ongoing reforms, said Ken Peng, Citi Private Bank investment strategist for Asia-Pacific, who also likes China’s industrial sector.
AMAC: China’s private fund assets hit $2.2trn
Assets in China’s private fund industry grew to reach RMB 13.9trn ($2.16trn), doubled since 2015, according to data from the Asset Management Association of China (AMAC).
Ex-StanChart PB head charged with bribery
A former private banking head at Standard Chartered Bank in China has been charged by Hong Kong’s Independent Commission Against Corruption (ICAC) this week with accepting a bribe.
China’s OBOR to impact in 2018: HSBC PB
China’s growth will provide regional opportunities in infrastructure, financials and consumer products, said Fan Cheuk-wan, HSBC Private Bank head of investment strategy in Asia.
HKIFA: ETF Connect expected to launch in 2018
ETF Connect, the scheme that aims to link the exchange-traded fund markets of Hong Kong and mainland China, is expected to launch by the end of 2018, according to Sally Wong, CEO of the Hong Kong Investment Funds Association.
Blackrock: headwinds for Chinese tech, property
Sluggish demand for smartphones and curbs on property market are likely to hinder major gains in technology and property sectors in China in 2018, argues Helen Zhu, Blackrock’s head of China equities.
Netherlands’ APG receives QFII quota, partners with E Fund
Netherlands’ APG Asset Management, Duke University and Singapore Consortium Investment Management were among the firms that received QFII or RQFII quotas in December, according to records from China’s State Administration for Foreign Exchange.