Initial coin offerings have grown fast and furious as a form of fund-raising, but some argue a ban by Beijing might just be the start of a new dawn for virtual currencies
Cooling measures may have stemmed the tied of overseas direct investment, but the central government is keen to ramp up foreign direct investment into Chinese businesses.
Corporate treasurers in Hong Kong will watch pricing closely following the Moody's downgrades, though the wider outlook for local corporates is likely to remain robust.
The Chinese conglomerate's over-arching ambition finally gets the better of its board – and its financial officers may have been powerless to halt the slide.