China Daily 
US writer Gordon Chang only made himself a laughing stock with his 2001 book The Coming Collapse of China, but international hedge fund managers who have bet against China’s economy are losing their pants. In 2017 alone, bearish investors who “shorted” Chinese companies listed in Hong Kong or the Chinese mainland suffered losses of more than…
John Pearce has returned to Sydney from a week in Hong Kong beaming, with one clear message of where to invest his next dollar: the Chinese mainland. The chief investment officer who is in charge of A$60 billion ($48 billion) at Australian pension fund UniSuper Management Pty expects returns in Asian emerging-market equities to beat developed…
China’s top banking regulator is drafting rules on bankruptcy risk handling for commercial banks, aiming to provide sufficient guarantees for rapidly and thoroughly dealing with banks in crisis. In reply to a proposal by the fifth session of the 12th National People’s Congress, the top legislative body of China, the China Banking Regulatory Commission said it…
LeEco’s LeSee Pro concept car on display at the 2017 Consumer Electronic Show in Las Vegas, Nevada. AFP BEIJING ? Chinese technology conglomerate LeEco plans to lay off more than 300 employees in the United States, reducing the headcount to about 50 people, according to a company source. The employees left at the whittled-down US business…
BEIJING — Chinese listed banks were confronted with profitability pressure from the country’s slowing economic growth, despite the absence of any significant deterioration in reported asset performance, said Moody’s Investors Service. “At the same time, the banks’ capitalization and liquidity positions remained stable overall, but weakened among the smaller entities due to their faster rate of…
BEIJING — China has expanded a pilot program to allow more domestic banks to issue securities backed by non-performing assets, Xinhua-run Shanghai Securities News reported Tuesday. Commercial banks including China Minsheng Bank, China Everbright Bank, and China CITIC Bank were among the institutions recently selected for the program, the newspaper reported. China started a pilot program…
A US-based association facilitates cross-border growth opportunities for hedge funds in China As president and founder of Connecticut Hedge Fund Association, a Greenwich-based association that represents the world’s second largest hedge fund center, Bruce McGuire has been playing a key role in developing China’s asset management industry. Chinese authorities have of late been increasing their efforts…
REPORTS SHOW THAT at least 700 enterprises managed to avoid repaying their bank debts over the past five years, which caused losses of billions of yuan to domestic banks. This year, China Banking Association submitted a number of lawsuits for banks, involving about 15 billion yuan ($2.2 billion). Although the banks won, they have still failed…
Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, March 30, 2016. [Photo/Agencies] Third-party paying platforms required to deposit customer funds in banks China’s central bank, or PBOC, said on Friday that it will eventually ban all non-bank payment agencies, including…
Xu Xiang, a former hedge fund manager, has pleaded guilty to market manipulation, according to a statement by a court in Qingdao on Tuesday. It is one of the most high profile cases since China’s stock market collapse last year. Qingdao Intermediate People’s Court said that Xu and two co-defendants were accused of conspiring with executives…
Allianz SE said its German fund management unit has applied for a license in China to establish an onshore presence, following the example of its larger US-based Pacific Investment Management Co. “Allianz Global Investors is in the process of applying for a wholly owned foreign entity license in China,” Allianz spokesman Thomas Atkins said by telephone…
Bets on consumer-related stocks and high-end manufacturers have helped Grace Lu vault to the top ranks of China-focused hedge fund managers this year, bucking industry-wide losses. Lu, who runs the $85 million GH China Century Fund at Singapore-based Lygh Capital, said she is up 12.6 percent this year through August. That’s the second-best performance among China-focused…
China’s $814 billion sovereign wealth fund may increase investments in hedge funds in Asia, betting they can beat rivals trading in developed markets. Hedge fund managers face fewer competitors in Asia, where markets are less efficient and mature than in the United States and Europe, said Roslyn Zhang, managing director of fixed income and absolute-return investments…
New buildings in Huaxian county, Henan province. Urbanization will play an active role in keeping the country’s investment and rowth stable. Wang Zirui / For China Daily According to the latest official data, the number of new urban zones constructed and planned by local governments exceeded 3,500 by the end of May. That is almost two…
