China’s Ant Financial Services Group created the world’s largest money-market fund in just a few years before being forced to scale it back.
Now, it is worried about losing too many investors.
Ant’s flagship money-market fund, Tianhong Yu’e Bao, shrank by more than a third last year after Chinese regulators became concerned about...
The trade war that the United States has unleashed on China goes beyond the objective of closing the yawning trade gap between the world’s two largest economies. Another of Washington’s objectives is to force China to implement structural reforms to level the playing field that favours state-owned enterprises (SOEs), which have long enjoyed special treatment […]
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