The Business Times
business-time-50
SUBSCRIBERS

Blackstone CEO sees 'excess' in Chinese stock market

google-preferred-sourceAdd BT as a preferred source
Published Wed, Apr 22, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    New York

    BLACKSTONE Group LP's Steve Schwarzman said the Chinese stock market shows signs of excess as the population ploughs savings into it while economic growth slows.

    "We're now finding retail investors with multiple brokerage accounts and margin loans and indicia of some excess in their market system," Mr Schwarzman, Blackstone's co-founder and chief executive officer, said on Tuesday at the China General Chamber of Commerce's Finance & Real Estate Forum in New York. "The stock market's really humming."

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

    Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

    Loyang Valley sits on a 840,648 sq ft plot of land, which now houses 362 apartments.

    Loyang Valley sold for S$880 million to SingHaiyi-led consortium

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More