Asia
China GDP growth hits 25-year low but markets unperturbed
China’s gross domestic product growth slipped to a 25-year low of 6.9% in 2015 it was confirmed Tuesday, but markets were largely unconcerned.
Aussie adviser gets nine years for stealing A$9m
A financial adviser from Australia has been sentenced to nine-and-a-half years in prison after he pleaded guilty to 33 counts of fraud and 21 counts of falsifying records that resulted in investors losing millions.
Hong Kong regulator shuts suspected boiler rooms
Hong Kong’s Securities and Futures Commission (SFC) has frozen a total of HK$600,000 ($77,000, £54,000) in the bank accounts of three suspected boiler rooms.
China at a watershed, says T Rowe Price
The renewed turmoil in China’s financial markets in the first two weeks of 2016 has undermined investor sentiment, wiping trillions of dollars off the value of global stock markets. Anh Lu, lead portfolio manager for T. Rowe Price’s Asia ex-Japan Equity Strategy fund looks at whether this could mean China faces a Japanese-style ‘lost decade’ of growth.
Asia’s new fund flows double to $535bn in 2015
Total capital flowing into Asian investment products in 2015 hit $535bn, driven by mixed asset funds, according to Strategic Insight data.