The world's two largest money market funds have both grown rapidly, but for very different reasons. These funds' profiles illustrate structural risk differences between their respective markets.

China's Yu'E Bao (which translates into "leftover treasure") is the world's largest money market fund (MMF), with CNY1.56 trillion (USD233 billion) in

China's housing market is likely to continue to cool in 2018, with sales growth set to slow across most of the country and house prices likely to stay relatively flat, says Fitch Ratings. However, the authorities have considerable policy flexibility to support housing demand, which limits the risk of a market downturn. We therefore maintain a

We expect China's overall credit creation to moderate over the coming months due to a tighter monetary policy environment and increasing oversight of the opaque shadow banking sector amid efforts by policymakers to reduce overall financial risks that have built up over the past few years.

We believe that Chinese policymakers will continue to curb

The Latest: On July 14, Chinese wind turbine manufacturer Envision Energy announced the launch of the Energy IoT and Smart City Technology Alliance, in cooperation with technology firms Microsoft and ARM, and consultant Accenture. In a press release, Envision described the initiative as an "open-platform alliance that connects energy pioneers and

CCCC is one of the most diversified construction firms in China allowing it to capitalise not only on growth in the road, rail and water sectors which we expect to outperform domestically as the wider industry slows, but also enabling it to tap fast-growing international markets in Asia and Africa.

Geographic and sector diversification will

Chinese homebuilders diversifying outside China are naturally seeking opportunities in neighbouring Hong Kong, where they can access good-quality sites and match their US dollar debt to cash flows in Hong Kong dollars, which is pegged to the US currency, Fitch Ratings says. Medium-sized Chinese homebuilders view the high-quality land in Hong Kong