MTV China

Li Yifei: Man declined to comment on Ms Li, one of the nation leading businesswomen and the former head of MTV in China, according to The Independent. Read more: Why the China market crash is not what it seems China has exposed the fatal flaws in our liberal economic order Beijing reels as a nation of market speculators counts the cost China main Shanghai stock market fell 0.8 per cent on Monday, marking a 12 per cent fall for August and a near 40 per cent fall from the end of June. The London-listed FTSE 250 hedge fund manager Man Group was also dragged into the affair on Monday as it emerged that Li Yifei, the chairman of its China unit, was taken into custody to assist a police inquiry into market volatility. Coming after a 14 per cent slump in July, it is the biggest two-month fall since 2008. Authorities in China are cracking down on trading abuses and malicious short selling – betting against shares – as well as intervening in markets directly in an attempt to calm turmoil before Thursday celebration of the 70th anniversary of its victory against Japan in the Second World War. The shock waves from China – fuelled by fears over a hard landing for the previously fast-growing economy – reverberated around the world last month, wiping more than $5 trillion off the value of global stock markets as Beijing also unveiled a shock devaluation of its currency. (news.financializer.com). As reported in the news.