Fox Business Channel FOX Weather First Weekend 7:00 AM – 8:00 AM FOX Weather First Weekend 8:00 AM – 9:00 AM Maria Bartiromo’s Wall Street 9:00 AM – 9:30 AM Maria Bartiromo’s Wall Street 10:00 AM – 10:30 AM
Many comparisons have been made lately between the collapse of Lehman Brothers Holdings Inc. and the apocalypse at China Evergrande Group, the … China Politics
Fugitive Chinese billionaire Guo Wengui hold a news conference on November 20, 2018 in New York, on the death of of tycoon Wang Jian in France on July 3, 2018. Don Emmert | AFP | Getty Images Wealthy Chinese businessman Guo Wengui, an outspoken critic of China’s government, and several others are accused of breaking state securities laws in a class-action lawsuit filed in Arizona. The civil complaint was filed in late June in the U.S. District Court for the District of Arizona. The plaintiffs claim to have tried to…
Beijing has cracked down on tech companies such as Didi. VCG/Getty Images Fund managers said shorting Chinese stocks became the third most crowded trade in August, according to Bank of America. Beijing has tightened its grip on tech and education companies, causing investors to shift their positions. China policy is now considered a leading tail risk by fund managers, BofA’s August survey showed. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Fund managers said they think investors are ramping up their bets against Chinese stocks…
The Chinese regulatory authorities have been keeping investors on the edge of their seats this year. Domestic fintech firms were among the first targeted by Beijing. Next came ride-hailing and food delivery. Now ed-tech giants have rounded out the lineup. To understand the latest development, it is crucial to unpack the chronic love-hate relationship between Chinese parents and China’s private tutoring industry, says Zak Dychtwald, founder of the advisory firm Young China Group. “There’s enormous pressure on parents and children to give their kids a head start and to get them into…