Matthews Asia: China’s consumption story continues
The recent rout in China’s A-shares does not reflect economic fundamentals, said Andy Rothman, investment strategist, as the country’s consumption remains healthy.
The recent rout in China’s A-shares does not reflect economic fundamentals, said Andy Rothman, investment strategist, as the country’s consumption remains healthy.
Having a toolkit broader than pure arbitrage and pure spread deals can add alpha throughout the cycle for merger arbitrage funds, said Lawrence Jones, managing director and head of Paulson Asia, an affiliate of Schroders.
The IMF confirmed that it would delay a review of the yuan’s inclusion in its special drawing rights currency basket to September 2016, despite China’s latest move to relax control of the yuan exchange rate.
Yi Gang, deputy head of China’s central bank, said that qualified foreign institutions will be allowed to enter China’s FX market in order to bridge the gap between the yuan’s onshore and offshore rate.