Chinese Ponzi scheme scams billions from 900,000 investors
Chinese authorities have arrested 21 people involved in a peer-to-peer (P2P) lending scheme suspected of defrauding 900,000 investors of around CNY50bn (£5.3bn, $7.6bn, €7bn).
Chinese authorities have arrested 21 people involved in a peer-to-peer (P2P) lending scheme suspected of defrauding 900,000 investors of around CNY50bn (£5.3bn, $7.6bn, €7bn).
Switzerland-based Falcon Private Bank has a base case of 0% returns for China equities in 2016.
China’s gross domestic product growth slipped to a 25-year low of 6.9% in 2015 it was confirmed Tuesday, but markets were largely unconcerned.
The renewed turmoil in China’s financial markets in the first two weeks of 2016 has undermined investor sentiment, wiping trillions of dollars off the value of global stock markets. Anh Lu, lead portfolio manager for T. Rowe Price’s Asia ex-Japan Equity Strategy fund looks at whether this could mean China faces a Japanese-style ‘lost decade’…
China’s troubles have been overplayed by markets and have ‘simple, feasible solutions’, according to chief economist and CIO at Neptune Investment Management James Dowey.
Asset management firms that have bet on China’s consumer and services industry seem to be on the right track as the central government guides an economic transition.
As Matthews Asia launches an Asia ex Japan Dividend Fund, chief investment officer and portfolio manager Robert Horrocks dispels headline fears over the future of economic growth in China.
China’s stock market slumped by 7% for the second time this week, sending other indices around the world including the FTSE 100 down sharply as well.
A new slide in Chinese stocks has prompted equities indices across Europe to plummet as trading in 2016 begins.
Chinese equity funds with a focus on infrastructure have much to cheer about as fiscal measures implemented by the central government start to yield results.
Eastspring Investments, the investment management arm of Prudential, has appointed King Lun Au chief executive of Eastspring Investments Hong Kong.
China is considering amalgamating its banking, insurance, and securities regulators into a single super-commission.