China’s dreams of world leadership are fading as its belt and road projects start to sour

The Belt and Road Initiative, hailed for promoting development, is coming under fire as debt burdens grow, reflecting a growing wariness of Beijing’s posturing as a global leader-in-waiting on an international stage that seeks to promote debate rather than censor it. President Xi Jinping has become accustomed to casting himself and China as natural heirs to the leadership of the global system. … http://bit.ly/2tASWTh

China turns to share buybacks to rescue market

Add share buybacks to the long list of measures that China has announced to stem a rout in its stock market, the worst performing in the world this year. After a faster-than-usual revision to the law, companies can repurchase shares with approval from at least two-thirds of the board if deemed necessary to protect shareholders’ interests, or if it is for convertible bonds … http://bit.ly/2DzAFJq

Beijing finds unlikely anti-Trump weapon in global indices

Inclusion of Chinese shares in major EM index has helped steady inflows. A trade war is raging between the US and China, but somebody forgot to tell foreign portfolio investors. Surging inflows of foreign capital have headed to the Chinese bond and stock markets and helped to stem the depreciation of the renminbi against the US dollar. Donald Trump has accused China o … https://on.ft.com/2PWFIWM

China promises more openness to sceptical investors

China has promised foreign investors that it will be more open. But jaded by similar promises in the past, both US and EU investors remain sceptical. China has promised greater openness to foreign investors. Jaded after similar promises in the past, they are waiting to see whether the Chinese government will match its words with effective action. At the China Internation … https://bit.ly/2Fdj3ow

Global firms ready onshore China funds

Eastspring, JP Morgan and Morgan Stanley face a six-month deadline to roll out their debut onshore products. Eastspring Investments, the asset management arm of UK insurer Prudential, scored a private fund management (PFM) license on 16 October and registered with the Amac. The firm now has to roll out at least one private fund product in the following six months. The PFM … http://bit.ly/2PaCgvD