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China Regulators to Meet Europe Funds This Week to Revive Stocks

With 49% ownership, SiteMinder Limited (ASX:SDR) has piqued the interest of institutional investors

Key Insights Significantly high institutional ownership implies SiteMinder's stock price is sensitive to their trading.

West African Resources Limited (ASX:WAF) is largely controlled by institutional shareholders who own 52% of the company

Key Insights Institutions' substantial holdings in West African Resources implies that they have significant influence.

Analysis-Souring China dreams force Western financial firms to cut costs

Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand their footprints and source talent from across the world. But as doubts grow about China's economic recovery and its markets lag global peers, many of the financial firms are taking a hit on their earnings and are reining in their ambitions for what was a key piece of their global growth strategy. From the beginning of this year, a growing list of Western financial firms, including Fidelity International Ltd (FIL), Morgan Stanley, and Legal & General have either sharply cut China-focused jobs or have shelved expansion plans.

Souring China dreams force Western financial firms to cut costs

Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand.