Posted inAT Finance, Beijing, China, Hong Kong, Middle East, Shanghai, Singapore, Turkey

China’s sickly private firms get a shot of state funding

Anemic firms are being pumped full of state-funded financial steroids in a move to prop up China’s markets and rescue retail investors from a serious bout of ‘cold turkey.’ Data released by the China International Capital Corporation, or CICC, showed that state and local government financial institutions have taken controlling stakes in at least 32 companies […]