Tuesday, September 27, 2016

Anxiety in New Merger Rules

Vague and draconian new ethics rules for mergers and acquisitions are another sign of economic anxiety in the Chinese central government:

Under new rules unveiled by China's State Council, or cabinet, last month, managers will be held accountable if they "fail to, or incorrectly, perform their duties" with respect to deals that result in a loss of state assets.

The story at Reuters:

Wednesday, September 7, 2016

Bank Staffing Falls

Giant banks in China cut staffing by 1.5 percent in the first half of the year, an unusually large decline that might be a sign that the sector got overextended in the last few years.