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(Bloomberg) -- A record-breaking rally in Chinese property bonds petered out on Thursday amid growing investor doubt over how much a reported plan to allow developers greater access to funds from presold homes will benefit distressed firms.Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapStocks Mixed, U.S. Futures Fall on Fed, Russia: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateHong Kong Billionaire Loses Half Her Fortune on China
(Bloomberg) -- Tencent Holdings Ltd. led a stocks rout after Chinese state media decried the “spiritual opium” of games, prompting the company to broach a ban for kids and triggering fears Beijing will set its sights next on the world’s largest gaming arena.China’s most valuable corporation fell as much as 11% after an outlet run by the Xinhua News Agency published a blistering critique of their industry. The Economic Information Daily cited a student as saying some schoolmates played Tencent’s
The Bank of England regularly runs stress tests to look at emerging and novel threats to the financial system but this year will mark the first time climate risks have been assessed.