Another piece in the Chinese capital-flow puzzle.
Shareholders are already toast. Would China’s Fosun conglomerate follow the time-honored principle of throwing good money after bad?
“Wiring money overseas is not allowed for the purposes of purchasing real estate or insurance products”: banker in China
Exports by China, Japan, and Eurozone under pressure — in part because of globally weak demand for new vehicles, which transcends the trade war.
HSBC’s pleas of innocence have won little sympathy in Beijing.
Today’s scenario is very unlike the plunge during the Financial Crisis, which blew over in no time.
The bottom lines in a very competitive business are threatened.
The companies are clients of China’s 2nd largest audit firm, now under investigation.
Consumers and companies keep plugging, the world has not come to an end.
Tencent is a giant. Its stock, after plunging 50% in 2018, was a big winner earlier this year. Now the uptrend is broken. Revenue is primarily from mobile video game microtransactions, and warning signs are emerging.