Stock sale ban draws scorn from money managers
Move just another market intervention step and won't restore investor confidence, they say
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
TEMPLETON Emerging Markets Group calls it an act of "desperation". UBS Wealth Management labels it "extreme". And Wells Fargo Funds Management says it just "postpones the inevitable". China's decision to ban major stockholders from selling stakes in listed companies has drawn scepticism from foreign investors.
The money managers, with combined assets of almost US$4 trillion, say the latest step to stem the country's equity rout is just another measure to meddle in the market and won't be enough to restore investors' confidence.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
