Famous Wall Street investor Howard Marks is preparing to go bargain hunting for the first time in more than a decade, as surging interest rates turn the market’s fear of missing out into a fear of losing.
Coincidentally, Central China’s Henan Province, a major agricultural production province that blazed the trail of the country’s village banking push and that was the birthplace of Evergrande founder Xu Jiayin, has been in the news lately, as troubles at several local village banks and multiple local undelivered property projects, according to market observers, flag the need for a tougher stance on regulation over rural banks and presale homes.
The Hong Kong stock market started April on a high note, after China s securities regulator unveiled draft revisions to data security rules governing overseas listings of domestic firms.