China Market Turmoil Amps Up Pressure for Policymakers to Act
- Hang Seng China gauge worst performer globally in August
- Overseas funds have sold onshore China stocks for six days
This article is for subscribers only.
Red flags are popping up across China’s financial markets, making investors increasingly anxious about the health of the economy and intensifying pressure on policymakers to act.
Renewed concerns about the property sector, missed payments by one of the nation’s largest private wealth managers, unprecedented losses at China-focused hedge funds and the threat of deflation have all combined to deal a blow to investor sentiment. A gauge of Chinese stocks listed in Hong Kong slumped again on Monday and is now the worst performer this month among 92 global equity measures tracked by Bloomberg. The offshore yuan fell toward its weakest level this year.