Photo: AFP/Isaac Lawrence

Chinese financials soared in Hong Kong overnight, led by insurers Ping An (+9%) and China Pacific Insurance (+8%), in response to new Chinese asset management regulations. Investors evidently believe that the new regulations will force money out of the dodgy wealth-management product (WMP) market into established asset managers, while stabilizing China’s financial system.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now. 

One reply on “Chinese financials lead Hong Kong stocks to 10-year high”

Comments are closed.