Four months after the State Council, China’s cabinet, unveiled a nine-point document aimed at restoring investors’ confidence and attracting long-term funds, the market is back in a downward spiral after a relief rally. There are telltale signs of investors shunning stocks: turnover on the Shanghai and Shenzhen exchanges has plunged to a four-year low, the
(Bloomberg) — Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Most Read from Bloomberg India will shield more of its bonds from foreign ownership, in a sign it’s uncomfortable with the billions of dollars
Foreign investors have advanced their holdings in China’s US$20 trillion domestic bond market since the Bond Connect mechanism was introduced to link them to new growth and diversification opportunities in the world’s second-largest economy. As the mechanism celebrates its seventh birthday, further enhancements are poised for launch. Since the Northbound Bond Connect commenced trading in
TOPSHOT-US-ECONOMY-RATE-INFLATION United States Federal Reserve chair Jerome Powell gave the mortgage rate market hope this week. Despite robust U.S. economic numbers, it’s “unlikely that the next policy rate move will be a hike,” he told reporters Wednesday. Government yields took the hint, diving lower across the board. That’s good news for fixed rates in the