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More worryingly, state firms can become vehicles for corruption, used to dole out the largesse of the state to favoured backers or to funnel social wealth into the pockets of the powerful. As state control over the economy grows, political connections become a surer route to business success ...
BEIJING, October 23 (TMTPost)— China’s sovereign wealth fund Central Huijin Investment Ltd. (Central Huijin) took further actions to boost Chinese stock market. Credit:Visual China Central Huijin had bought exchange-traded funds (ETFs) and will continue to lift its holdings, according to a st...
BEIJING, October 12 (TiPost)— China’s sovereign wealth fund Central Huijin Investment Ltd. (Central Huijin) has increased stakes in four leadingt banks in the country.Credit：Visual China Central Huijin acquired 27.61 million shares in China’s biggest bank--the Industrial and Commercial Bank ...
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As a final note, our friend Nick Maggiulli, COO at Ritholtz Wealth Management and author of personal finance blog Of Dollars And Data, released this week his latest data tool: a S&P 500 Historical Return Calculator. You can play with it here: https://ofdollarsanddata.com/sp500-calculator/...
We will keep income distribution and the means of accumulating wealth well-regulated, open more avenues for urban and rural residents to increase their property incomes, and put in place systems to effectively boost the incomes of low-income earners, steadily expand the size of the middle-income...