China
China adds 101 billionaires
There were nearly three times as many new Chinese billionaires than US ones last year, helping to make Asia home to the most billionaires for the first time and driving the global population to 1,542, according to a report from UBS and PwC.
Chinese government wants stakes in widely-held web giants
China’s regulatory body for internet security is said to be in discussions for ownership stakes in tech giants such as Tencent and social media units under Alibaba, according to industry reports.
A look in the portfolios of best and worst China funds
Midea Group, Agricultural Bank of China and Kweichow Moutai are three companies held predominantly in well-performing China equity funds, while Tencent Holdings is held by many poor performers.
China’s fund association lashes out at marketing gaffe
The Asset Management Association of China (AMAC), the fund industry’s self regulatory body, has sharply criticised an online fund marketing campaign launched by a wealth management arm of e-commerce giant Alibaba, involving 16 fund managers.
Disgraced top Chinese insurance regulator expelled
The former chairman of the China Insurance Regulatory Commission (CIRC) has been expelled from the ruling Communist Party following allegations of corruption.