The Traderszone Network

Published in TZ Latest News 21 April, 2015 by The TZ Newswire Staff

Aberdeen, Blackrock flag risks in frothy Chinese stock markets

Aberdeen Asset Management’s head of Asian operations warned on Tuesday that Chinese money was moving “a bit like a casino” in domestic stock markets, while BlackRock called on China to reform its capital markets further to avert boom and bust scenarios. China stocks (.SSEC) have jumped nearly 80 percent since November to trade near seven-year highs. Aberdeen’s managing director for Asia, Hugh Young, said he was worried about some speculative activity in the Chinese stock market. “Chinese money is moving a bit like a casino and it’s moving offshore.