This year marks the year of the big China stock sell-off: both the Hang Seng Index and China’s Shanghai Composite Index are well in the red. The iShares China Large Cap ETF (ARCA: FXI) is off 8% so far in 2023.
Chinese real estate developers are having some of their worst 12-month periods on record this year, defaulting on billions of debt as they face the new reality of much slower home sales in mainland China.
Hong Kong-listed and Chinese companies are dipping into their retained earnings and splurging on stock buybacks and bumper dividend payouts as their domestic markets remain in a slump, according to new data.