China market turmoil far from over, say top private bankers

29 July 2015 | 3 minutes read

The Shanghai Composite Index’s sharpest fall since 2007 shows that negative market sentiment is trumping Beijing’s interventionist policies, say senior private bankers in Hong Kong. “We think that the selling may continue given retail investors who are still highly leveraged that may need to deleverage further” says Ron Lee, senior managing director and head of investment services at private bank…

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