The Business Times
business-time-50

Blackstone CEO sees 'excess' in Chinese stock market

Published Wed, Apr 22, 2015 · 09:50 PM

    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."

    TRENDING NOW

    Buying a new EC unit can be a cost-effective way to get into private homeownership.

    Can a first-time homebuyer couple earning S$18,000 a month afford a new EC unit?

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    The Golden Violet oil tanker docked at a PT Pertamina facility in Tanjung Priok Port in Jakarta, Indonesia. Asia’s new energy security architecture should have a support mechanism to help Asian countries build emergency oil reserves through financing and technical assistance.

    Asia needs new energy security architecture

    Chagee's flagship store at VivoCity. The milk-tea brand is pivoting away from a franchise-heavy structure towards greater direct ownership.

    Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part

    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