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Global managers increase their local commitments in China

Despite facing geopolitical headwinds, a slower domestic economic recovery, and a renewed property market crisis, global asset managers are continuing their onshore expansion in China. ....

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China Evergrande soars after property developer's stocks resume trading

Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week. Evergrande is the world’s most heavily indebted real estate developer and is at the center of a property market crisis that is dragging on China’s economic growth. The company’s stock was suspended from trading last week as it confirmed Chinese police were investigating its chairman, Hui Ka Yan, on “suspicion of illegal crimes.” ....

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