China’s $1.1tn asset manager becomes star player on ‘national team’
State-owned Central Huijin in spotlight after big intervention in domestic stock markets to boost economy
Economic news
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Rising debt burden puts UK on a trajectory of more volatility
Investors are likely to seek a higher risk premium for British assets
Smelters pay to process copper as China expands capacity
Fee earned to turn concentrate into the refined metal falls further into negative territory this year
Even with low oil prices, Opec could come out on top
With rivals running out of juice, the cartel can afford to play the long game
Australia moves to speed up IPO process to counter listings slump
Regulator wants to give companies greater certainty with early informal review of filings
US accuses Russian crypto entrepreneur of money laundering and sanctions evasion
Founder of payments group said to have operated ‘a covert pipeline for dirty money’