“After bracing nervously for the first body blow from China’s looming attempt to tighten flabby monetary policy, the Hong Kong market and took a punch in the gut on Wednesday.
Beijing had launched an orgy of bank lending in 2009 to combat a serious credit crunch, and the flood of funds helped boost stocks on the Mainland and in Hong Kong. Then this week authorities tightened Chinese banks’ required rate of return in the first of an expected series of moves to tighten credit…”
To continue reading this post and to read more of Gene Linn’s China’s Weekly Roundup, click here.
About Gene Linn:
After studying Chinese language in the Army, Gene Linn earned Bachelor’s Degree in journalism and a Master’s in East Asian Studies, focusing on Chinese language and politics. He worked for 14 years as a freelance business reporter in Hong Kong. One of his jobs was to write daily Hong Kong stock market reports for UPI for four years. He started writing a column on China-related stocks for EQUITIES Magazine in 2004.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
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