Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its...Investingread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
Stocks in Japan were the biggest losers among major markets in the region on Thursday, with the other Asian bourses following suit, amid a renewed threat to trade.Asia Marketsread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
With the wild swings in the country's stock market showing no signs of abating, Beijing's attempt to put a lid on volatility has been ratcheted up a notch, with a senior official at the securities regulator tasked with propping up the stock market being placed under investigation on Wednesday.
Who is he?
Zhang Yujun, the assistant chairman of the China Securities Regulatory Commission (CSRC), is being probed for "severe violation of discipline, " according to a statement by the Central Commission for Discipline Inspection late Wednesday.
The online statement by the anti-graft watchdog did not provide further details but according to Reuters, disciplinary violations are often used as a euphemism for corruption.
Zhang, 53, is the first senior official from the securities regulator to be entangled in a government investigation over the country's stock market meltdown. According to his profile page on the CSRC website, he is one of the regulator's three assistant chairmen and previously served as general manager at the Shanghai and Shenzhen stock exchanges.
Is this part of a broader trend?
Since the painful selloff unfolded in mid-June, Beijing has rolled out an unprecedented slew of policies to curb what authorities call "malicious" trading. Measures include a freeze on initial public offerings, direct share purchases by state entities, considerations of a market-wide 'circuit breaker' mechanism and the drafting of new rules for commodity exchanges.
In recent months, authorities have intensified its market probe on alleged market manipulation, issuing penalties to stock trading platforms, as well as netting journalists and social media users.
The scrutiny on CSRC's Zhang comes on the back of investigations on the president and two other executives from Citic Securities for . China's largest brokerage house has been in the spotlight since four senior executives from Citic confessed to insider dealing in August, according to state media reports.
The People's Bank of China (PBOC) also lowered interest rates and reserve requirement ratios in a bid to bolster sentiment. Still, indexes in Shanghai and Shenzhen continued to succumb to heavy selling pressure, losing over 40 percent since their peaks on June 12.
The anti-graft watchdog on Thursday also urged China's banking regulators to step up on vigilance and "ensure no stone is left unturned" while eliminating illegal activities.
"Handle in accordance with the rules problems of breaches of discipline and the law," a Reuters report cited the Central Commission for Discipline Inspection as saying. "Ensure no stone is left unturned."
Is the clampdown working?
Analysts remain divided on whether this broad array of steps taken to mitigate volatility will halt the slide in shares.
"In the beginning of this year, [China] came out with great reforms but since then they've gone backwards like a drunken spider wandering across the page, in various directions that are contradictory," David Roche, president and global strategist at Independent Strategy, told CNBC Asia's "Squawk Box " on Wednesday.
"They like it when the markets are going 'yay yay yay' but now the markets are going 'nay nay nay' so you lock up a few fund managers and you criminalize normal portfolio behavior and you shut down the market," Roche added.
IG's market strategist Bernard Aw agreed: "I'm not sure if domestic investors believe that will help sentiment. International investors are also not convinced that [short sellers] are the reason for the sharp drop in June and 'Black Monday.' So I don't think [these investigations] will have a big impact on boosting confidence."
Indeed, China's once world-beating stock markets are drawing fewer new entrants since the onset of extreme turbulence. The number of investors opening new accounts in the week ended September 11 stood at 296,300, up 0.5 percent from a week earlier but down nearly 16 percent from the last week of August, according to Xinhua news agency.