Peter's Feed
Jul 24, 2015
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Review: A partial defence of financial innovation

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The author is a Reuters Breakingviews columnist.  The opinions expressed are his own.

Bashing finance is fashionable. Ever since the crisis, critics have lined up to topple the false idol of financial innovation from its pedestal. Spurred on by revelations about irresponsible lenders and rate-rigging traders, they have forged a consensus: institutions need more regulation, excessive growth in activity is dangerous, and anything that claims to be a new idea is to be viewed with suspicion.

Jul 10, 2015
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What was lost in China’s stock market slide

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s sell-off will be felt far beyond its see-sawing stock markets. The month-long slide in share prices has called into question the country’s recent conversion to market dogma, while the state’s floundering response has exposed the limits of its grip on China’s financial system. Broader reforms may suffer.

Jul 10, 2015
via Breakingviews

What was lost in China’s stock market slide

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s sell-off will be felt far beyond its see-sawing stock markets. The month-long slide in share prices has called into question the country’s recent conversion to market dogma, while the state’s floundering response has exposed the limits of its grip on China’s financial system. Broader reforms may suffer.

Jul 8, 2015
via Breakingviews

China market slide turns brokers into policy tools

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Chinese securities houses are learning the hard way what it means to be a tool of the state. The largest brokerage houses were beneficiaries of China’s stock bubble. Now the authorities have enlisted them to help prop up markets, sending their own shares tumbling. Financial returns are subordinate to official aims.

Jul 8, 2015
via Breakingviews

China market slide turns brokers into policy tools

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Chinese securities houses are learning the hard way what it means to be a tool of the state. The largest brokerage houses were beneficiaries of China’s stock bubble. Now the authorities have enlisted them to help prop up markets, sending their own shares tumbling. Financial returns are subordinate to official aims.

Jul 6, 2015
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Chinese shares still look overvalued

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

For all the Chinese authorities’ increasingly overt meddling in the market, Chinese shares are still looking expensive. Even after the country’s main market indices plunged roughly 30 percent in three weeks, on any fundamental analysis, they have further to fall.

Jul 6, 2015
via Breakingviews

Chinese shares still look overvalued

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

For all the Chinese authorities’ increasingly overt meddling in the market, Chinese shares are still looking expensive. Even after the country’s main market indices plunged roughly 30 percent in three weeks, on any fundamental analysis, they have further to fall.

Jun 30, 2015
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Chinese stock markets need more than lip service

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

When China’s rulers talked about markets playing a “decisive” role in the economy almost two years ago, they probably didn’t envisage a stock market slump. Now equities are sliding. It will take more than lip service to restore confidence.

Jun 25, 2015
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Chinese banks get closer to losing training wheels

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s banks have taken a big step towards maturity. The government has scrapped a rule that capped loans at three-quarters of deposits, in a long-awaited reform that should remove distortions and may boost credit. More importantly, it’s a sign that China is closer to dismantling its rules and quota-based financial system.

Jun 22, 2015
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Weaker shareholder rights a bad omen for Hong Kong

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Democracy has had a bad few days in Hong Kong. First the former British colony shelved its pledge to grant citizens universal suffrage. Now the Hong Kong stock exchange is getting ready to ditch its long-held principle that shares should carry equal votes.

    • About Peter

      "Peter is Assistant Editor of Reuters Breakingviews, based in London. He oversees coverage of financial services and regulation. Prior to joining Reuters, Peter spent 10 years at the Financial Times. From 2004 to 2009 he was the FT’s banking editor, leading the paper’s award-winning coverage of global banking during the credit crunch. Between 2000 and 2004 Peter reported for the FT from New York. He played a leading role in the paper’s coverage of the 9/11 attacks and their aftermath. A Dutch national, Peter has degrees from Bristol University and the London School of Economics."
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