The growth of Chinese family offices has been slowing in the city state amid tighter checks on new applicants. Elevated property prices and higher stamp duty aren’t helping either.
With the junkets of Asia’s gambling capital ‘decimated’ by an anti-corruption crackdown, money launderers have shifted focus to more loosely regulated casinos in Cambodia, Laos, the Philippines and Myanmar.
Prime Minister Muhyiddin Yassin’s willingness to work with Umno raised concerns about the return of politicians facing corruption charges.
In 1911, Wu Lien-teh stopped a pneumonic plague that killed 60,000 in northeast China.
Companies are taking advantage of the bull market in Hong Kong and the mainland to undertake share placements to lower their debt, a trend supported by Beijing after mainland corporate debt has soared to risky levels.
The short selling of Hong Kong stocks over the past two days was largely related to Thursday's sharp market correction, with financial institutions and Hong Kong Exchanges and Clearing (HKEx) among the most heavily sold.
Analysts predict today will see more selling of mainland shares after the sharp correction in the Shanghai, Shenzhen and Hong Kong stock markets yesterday, in a vicious cycle of selling as margin calls accelerate with the falling markets.
The anticipated launch of the Shenzhen-Hong Kong Stock Connect will spur the inclusion of A shares in the widely tracked MSCI index series, experts told the South China Morning Post's Redefining Hong Kong seminar yesterday.
