Recent Posts

The big loser is Shenzhen; the big reason is Leshi

Shenzhen is the only downer this year among major Asian stock markets. The Shenzhen Composite Index, often referred to as China’s Nasdaq, fell about 4 percent in dollar terms, a sad result compared with the more than 35 percent gain in the Hang Seng Index. The Shanghai Stock Exchange SSE 50 A-Share Index, the so-called Beautiful 50 gauge of China’s ...

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Europe poses a MiFID II challenge to US finance

Europe’s regulators and financial institutions are under the gun: With a January 3 deadline, they’ve been scrambling to comply with new rules designed to make the region’s capital markets more investor-friendly. The goal — if not the way the policy is being implemented — is one their counterparts in the US might want to consider. Attention so far has focused ...

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Mental-health IPO is a leap forward for China

The number of Chinese registered as suffering from depression, anxiety, dementia, and other mental illnesses increased by 25 percent between 2014 and 2016, according to Chinese authorities. By one recent accounting, they number 173 million. Only 20 million receive professional treatment. Long-standing social stigmas and a lack of treatment options account for most of the gap. But those biases and ...

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