China’s state-run funds have stepped up their intervention this year, as indicated by a sudden surge in the combined assets of the top five exchange-traded funds that track major onshore benchmark indices.
Ping An Real Estate, the property investment arm of Chinese insurance giant Ping An Insurance (Group), is receiving a lifeline from a sister company as more than RMB 8 billion ($1.1 billion) in debt repayments approach, reports Caixin. The board of Ping An Bank, the banking unit of Ping An Insurance, has approved the issue…
Asia report: Stocks mixed as Japan posts wide trade deficit hl.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hl.co.uk Daily Mail and Mail on Sunday newspapers.
Asian stocks were largely lower following the US’ poor performance yesterday, less Mainland China and Hong Kong, which posted a strong day on very high volumes.