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China’s $9trn moral hazard grows too big to ignore

  Bloomberg China may be about to embark on its most ambitious — and perilous — campaign to convince investors that they shouldn’t depend on a bailout when markets go south. In a rare show of cooperation, the nation’s main financial regulators are drafting new rules for asset-management products that aim to make clear the investments don’t have government guarantees, ...

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Singapore property demand ‘resilient’

  Bloomberg Singapore’s property demand remains “very resilient,” supported by factors including low interest rates and a stable economy, National Development Minister Lawrence Wong said. “Our economy is still growing, so I think demand is still healthy and our assessment is these factors will remain for some time,” Wong, who’s also the second finance minister, said in a Bloomberg Television ...

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Ambani’s phone pricing helps Reliance regains No. 2 India ranking

  Bloomberg Reliance Industries Ltd. regained its position as India’s second most-valuable company after its shares posted their biggest advance in eight years. The stock surged 11 percent at the close, valuing the company at 3.92 trillion rupees ($59 billion), as investors cheered Chairman Mukesh Ambani’s decision to end free data plans at his phone venture from April. HDFC Bank ...

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