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Appeals Court Throws Out $1.27 Billion Penalty Against Bank of America
Appeals Court Throws Out $1.27 Billion Penalty Against Bank of America
Global Stocks Start Week Subdued
Global Stocks Start Week Subdued
Shanda Group Accumulates 11.7% LendingClub Stake
Shanda Group Accumulates 11.7% LendingClub Stake
Hedge Funds Place Record Bets Against Australia Banks
Hedge Funds Place Record Bets Against Australia Banks
Shares and Bonds Can Weather a Fed Rate Increase, Investors Say
Abreast of the Market
Shares and Bonds Can Weather a Fed Rate Increase, Investors Say
This Market Refuses to Get Punked by the Fed Again
This Market Refuses to Get Punked by the Fed Again
Why Bayer’s Big Monsanto Bid Has Fallen Flat
Heard on the Street
Why Bayer’s Big Monsanto Bid Has Fallen Flat
Bitcoin Catches On With Gold Bugs
Bitcoin Catches On With Gold Bugs
CLO Debt Market Peps Up
CLO Debt Market Peps Up
Investors Check Out of Europe
Investors Check Out of Europe
No One Knows How Corporate Europe Will Use its Bond Market Binge — Including the ECB
No One Knows How Corporate Europe Will Use its Bond Market Binge — Including the ECB
New U.S. Tax Rules Scuttle CF-OCI Fertilizer Merger
New U.S. Tax Rules Scuttle CF-OCI Fertilizer Merger
Harvard Endowment Chief Takes Medical Leave
Harvard Endowment Chief Takes Medical Leave
Brexit Campaigners Spar With Treasury Over Economy
Brexit Campaigners Spar With Treasury Over Economy
  • BREAKING NEWS

    Appeals court reinstates civil antitrust suits against 16 banks accused of rigging Libor

In China, Old-School Stocks Are Back in Style

As reforms take a back seat to stability, shares in China’s ‘old-economy’ are leading the market’s recent rebound

By

HONG KONG—China’s stock-market recovery has taken on a retro feel in recent weeks, as Beijing resorts to debt-fueled investment spending to prop up the country’s growth.

“Old-economy” stocks, including state-owned companies in sectors such as steel and cement, which were supposed to have fallen out of fashion, have led the rebound in Chinese shares since Feb. 5, just before the annual Lunar New Year holiday.

While the CSI 300,...

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