Chinese household savings grew by 7.86 trillion yuan ($1.2 trillion) between January and May, an increase of more than 50% from the same period last year.
China’s US$200 billion junk-bond market is in the midst of a ‘significant default cycle,’ Varde Partners says. Value Partners in Hong Kong says market has rarely been this cheap.
Hong Kong stocks fell for a second straight session to the lowest level since March 2020 on declines in Chinese property developers and technology giants.