Investors in China may be wondering whether Chinese equities will end the year on a high or will continue to face adversity. Late September saw China’s central bank announce the most dramatic stimulus measures since the pandemic, reducing borrowing costs to boost the ailing property market. And moves to enhance equity market liquidity lifted domestic…
The window for a fiscal expansion to aid in China’s economic recovery might be narrower than previously thought, analysts said, as any new round of stimulus would need to be approved by the nation’s top legislature – a body whose governing committee has a meeting scheduled for later this month. Officials of the National Development…
Adrian Cheng steps down as CEO of New World Development on Thursday. Paul Yeung/Bloomberg Adrian Cheng, the third-generation scion of Hong Kong’s billionaire Cheng family, said on Thursday he had stepped down as CEO of the family’s flagship New World Development, after the property company recorded its first annual loss in two decades as it…