Watch! Why the fall in China’s currency matters to world trade

The renminbi is close to its lowest level against the US dollar for a decade. The FT’s Emma Dunkley looks at what’s causing China’s currency to fall and its impact on global investors. A trade war with the US, slowing economic growth, a slump in the stock market – China’s economy is under pressure. And that is hurting the currency. After hitting targets like clockwork … https://on.ft.com/2S6f5Ac

HSBC set to become first foreign company to list in China

HSBC is on track to become the first foreign company to trade on a Chinese bourse under plans by a new stock exchange link between London and Shanghai. In a move that has been in the making for more than a decade, the London-Shanghai stock connect plans to make the bank the first offering of Chinese Depositary Receipts — a tradeable security that reflects underlying s … https://on.ft.com/2RYaTCM

Last bull abandons Chinese stocks as global fund managers turn from net buyers to sellers

Foreign investors have bought US$40b of mainland equities in the first nine months of the year. Enough is enough and the last bull in China’s stock market has thrown in the towel. Foreign investors, who were net buyers of Chinese stocks every month except February since 2017, have been dumping the mainland’s yuan-denominated shares daily in October through the exchange li … http://bit.ly/2NzvVEd

China’s ‘great wall of capital’ set to benefit mutual funds

China’s clampdown on risky wealth management products and a push by global asset managers to sell funds in the country is set to channel about $6tn of capital into the mutual fund market over the next five years, according to a new report. A “great wall of capital” has formed in China as a result of a rapidly growing, wealthier and ageing population, although a lot of … https://on.ft.com/2QoV2eF

Doors to China’s markets are creaking open

Foreign investors welcome recent moves but wish progress was faster. Foreign participation in China’s domestic capital markets has reached unprecedented levels over the past two years, driven by reforms that have widened access and streamlined entry procedures. But foreign investors in both the stock and bond markets say that Chinese markets still need to enhance access … https://on.ft.com/2QqDoaK