China is rolling out sweeping brokerage reforms to nurture future global investment banks that officials hope could eventually compete with the likes of Goldman Sachs and Morgan Stanley, a regulatory document showed.
China stocks may open higher on Monday, after the People's Bank of China announced Saturday a 50-basis point cut in the banks' reserve requirement ratio (RRR).
The overwhelming majority opinion is that a communist government can accomplish what no other country has ever done, namely engineer a soft landing from the bursting of an immense, speculative, credit bubble. I have a different view.
China's Shanghai Composite is expected to trade higher on Monday despite the slide in global markets on Friday. But expected economic data, as well as the imminent launch of the biggest Chinese initial public offering this year, may sway the case for caution.
The online news portal of the Chinese government mouthpiece, the People's Daily, has launched an initial public offering in Shanghai that aims to raise about 527 million yuan ($83.6 million).
Weakness in the Chinese economy might signal a few investment opportunities, but beware of getting too bearish, the “Fast Money” pros said Thursday... Read More
Thinking fast about the immediate-term while thinking slow about the long-term is the holy grail of being at what Kahneman calls “cognitive ease.” I can’t work any harder – so for me, at this stage of my career, my goal is to work smarter... Read More