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Wednesday, 28 January 2015

China political investment bubble has new antihero

It’s hard to think of a better embodiment of China’s soaring stock market than Shenwan Hongyuan. Shares in the brokerage – newly formed from the merger of China’s tenth and sixteenth biggest trading houses – reached a valuation of $47 billion on its first day of trading. That made it […]



Reuters via CHINA US Focus http://ift.tt/1uBMAaz

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