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Shares plunge as politicians seek information related to sharp price hikes
...“It took longer than people thought to come up with this structure, and there were a lot of constituents,” says Mr Karpf....
...“This decision will have a potentially adverse effect on China’s outbound investments,” said Lester Ross, head of the Beijing office of the WilmerHale law firm....
...Lester Gray, chief executive of Schroders Asia-Pacific, said: “The 49 per cent redemption was not surprising, because high levels of redemptions are the norm in a market where you have IPO-style product...
...Lester Gray, chief executive of Schroders’ Asia Pacific operation, said his fund would try to retain customers by investing up to 40 per cent of the fund in bonds and cash....
...Giuliani told anchor Lester Holt. “And part of the psychology is to create chaos. The people of London resisted that today.”...
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