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China Stock Slump Deepens as Regulatory Crackdown Spooks Traders

Chinese stocks fell, with the benchmark index heading for its lowest close since mid-January, as investors shrugged off government efforts to limit the market impact from tighter financial market regulations.

The Shanghai Composite Index dropped 0.5 percent to 3,121.08 as of 10:32 a.m. local time, taking the drop from its April high to 5 percent. Commodity producers led losses after metal prices tumbled the most since November. HSBC Holdings Plc rose 0.4 percent before it announces earnings. The Hang Seng Index slipped 0.6 percent as Hong Kong’s markets reopened after a holiday on Wednesday. The Hang Seng China Enterprises Index slid 0.9 percent.

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Chinese shares have been among the world’s worst performers this month and bond yields have climbed to the highest levels since 2015 as regulators overseeing banking, insurance and securities trading issued a flurry of directives, targeting everything from excessive borrowing to speculation in equities. The central bank-run Financial News urged stock investors not to overreact in front-page commentary Wednesday.

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anonymous asked:

napisz jakiś dobry smut, z top!louis :) Louis jest szefem wielkiej korporacji, a Styles zostaje zatrudniony jako jego asystent. Pewnego dnia, obaj zostają do późnych godzin wieczornych, pracując nad ważnym projektem. Louis nie może oprzeć się Harry'emu i w końcu ulega, 'pieprząc młodszego do nieprzytomności' ;)

Czułam się strasznie dziwnie pisząc ten tekst. To mój pierwszy smut, nigdy nie myślałam, że sama będę pisać tego typu rzeczy. Wydaje mi się, że jak na pierwszy raz, nie jest najgorzej (najbardziej jestem zadowolona z części środkowej :D), szkoda, że to było jedyne +18, jakie miałam w skrzynce, bo chętnie napisałabym więcej.

Anonimie, trochę zmieniłam Twoją propozycję, ale mam nadzieję, że będziesz zadowolony. xx


UWAGA: w tekście występują treści mówiące o zbliżeniu między dwoma mężczyznami oraz liczne przekleństwa.


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Limiting Democracy                                          

A day after pro-democracy activists protested China’s plan to place limits on democracy in Hong Kong, police patrolled the streets of the business district and barricades were erected outside buildings including the Cheung Kong Center, owned by Asia’s richest man, Li Ka-shing, and HSBC Holdings Plc’s Asian headquarters, in a sign of heightened tensions.

China’s demand to vet candidates for the 2017 election angered pro-democracy lawmakers and activist group Occupy Central With Love and Peace, which said it will organize protests culminating in the mass occupation of Hong Kong’s central business district.

President Xi Jinping’s uncompromising stance on limiting democratic reforms in Hong Kong marks a public show of strength that signals to the world – and China’s own citizens – that the ruling Communist Party won’t tolerate any challenges to its authority.

“Beijing has been quite obsessed with projecting a strong image to the world that it has a solid grip on power and its decisions mustn’t be challenged,” said He Weifang, a law professor at Peking University. “Sometimes it looks more arrogant than strong, but the central government doesn’t care, because it would rather err on the side of looking strong than weak.”

Photographer: Lam Yik Fei/Bloomberg

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