The USD was supposed to weaken against some currencies. It hasn’t worked out that way. Hedge funds that thought the yen will gain against USD told me they were surprised by JPY's slide. One of them got hit by it.

The Wall Street Journal

wsj.com/finance/curren…

China's quant funds thrived for years on computing stock moves. But when Beijing tried to halt the stock rout in Feb, the quant 'market just collapsed.'

w/ Rebecca Feng, editor Matt Thomas, illo by Alexandra Citrin-Safadi The Wall Street Journal

wsj.com/finance/regula… wsj.com/finance/regula…

Finally, some good news for Chinese stocks? A major index finally erased its losses for the year today, after a flurry of efforts from Beijing to talk up the market. Other benchmarks are still down for the year.

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“They thought it could have secret messages or some spying things.”

Hilarious A-Hed by Shan Li and Rajesh Roy

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wsj.com/world/india-ac…

China’s securities regulator CSRC has removed Yi Huiman as its chief amid a yearslong stock-market slump. Wu Qing now helms the agency.

xinhuanet.com/fortune/202402…

I wrote about giraffes today.

And stocks, too.

China’s 10-year bond yield slid below the psychologically-important 2.5% level early today, touching 2.47%—its lowest since about 2002.

wsj.com/finance/invest…
wsj.com/finance/invest…

Chinese authorities have stopped some shareholders lending out their stock—making it harder to bet on falling prices and marking the latest bid to shore up China's ailing stock market.
Weilun
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wsj.com/livecoverage/s…

Listen 🎧: Crypto trading has been banned for years in China. So how did traders move billions of dollars worth of crypto in a single month? Weilun tells Alex Ossola how traders are finding ways to work around China’s law. link.chtbl.com/WSJTechNewsBri…

Breaking: Chinese property giant Evergrande has been ordered to liquidate. Negotiations to prevent the break up didn’t lead to a deal over the weekend, people familiar with the matter said.
By alexander saeedy Rebecca Feng

wsj.com/articles/everg…

wsj.com/articles/everg…

Hold on, SHEIN: China’s internet regulator is now scrutinising the fast fashion giant’s ahead of its planned IPO. My The Wall Street Journal colleagues Liza Lin and Raffaele Huang have the details

Foreign investors put a net $35 billion into China’s domestic bond market in November, a stark reversal of recent trends and the largest monthly inflow since records began six years ago.

wsj.com/livecoverage/s… wsj.com/livecoverage/s…

Chinese authorities are taking more forceful action to contain the growing financial troubles of one of the country’s biggest shadow lenders wsj.com/finance/invest… via The Wall Street Journal w/Weilun

This story on dog birthday parties was fun to write. And a poignant one.

Dedicated to my Kirin, whom we lost so suddenly in early September, just two weeks after a mini party for her first birthday with neighbourhood doggo friends in the park. Miss you.

wsj.com/lifestyle/dog-…

For years, foreign companies plowed the profits they made in China back into the country. Not anymore. wsj.com/world/china/fo… via The Wall Street Journal w/Weilun

FTX founder Sam Bankman-Fried was convicted of stealing billions of dollars from customers of the doomed crypto exchange wsj.com/finance/curren… via The Wall Street Journal James Fanelli Corinne Ramey

Singapore’s regulator told the country’s largest bank to take a tech timeout. That jeopardises a potential blockchain partnership it has with Ant Group - China’s fintech giant.

w/ ⁦Rebecca Feng⁩ wsj.com/finance/regula…