Steven Luk News Today

September data from China offered plenty of welcome surprises, with faster-than-expected growth, falling unemployment and a glimmer of momentum in consumption, but investors are not rushing to buy into the story. China's blue-chip stocks, down nearly 7% this year, compared to a gain of almost 10% for world stocks, were unmoved by the news and fell on Wednesday by another 0.8%. "Just the Q3 growth data today is not yet enough to turn market sentiment around," said Chi Lo, a senio...

September data from China offered plenty of welcome surprises, with faster-than-expected growth, falling unemployment and a glimmer of momentum in consumption, but investors are not rushing to buy...

SINGAPORE : September data from China offered plenty of welcome surprises, with faster-than-expected growth, falling unemployment and a glimmer of momentum in consumption, but investors are not rushing to buy into the story.China's blue-chip stocks, down nearly 7 per cent this year, compared to a gain of

Chinese funds are seeking new capital sources in the Middle East and other markets, managers say, in a shift that could reshape investment flows as diplomatic tensions and other risks drive many U.S. investors out of the country. Seven China equity funds, including hedge funds and mutual funds, running more than $500 billion in combined assets, told Reuters they visited the Middle East this year to raise money, three of them for the first time. Mideast investors are also keen to allocate more ...

Big US investors such Texas Teachers' Pension and California State Teachers' Retirement System, for example, have cut exposure to Chinese funds

Seven major Chinese funds, with combined assets above $500b, visited the Middle East this year to raise money.

A sense of uncertainty swept through Chinese markets Monday as growing protests against covid-19 curbs and a record number of infections complicated the nations path to reopening.

The yuan will continue to slide, while the property market crisis will fester for at least another 12 months.

HONG KONG, Aug. 18, 2022 /PRNewswire/ -- FountainCap Research and Investment (Hong Kong) Co., Ltd. ("FountainCap") has won the Asset Management Company of the Year - Long-only Equity Offshore