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Some Chinese companies could struggle to raise funds in the wake of Monday’s market riots, analysts and bankers said, after a regional selloff gathered pace as market fears over China’s gloomy economic outlook continued to build.
A weekend pledge by China's state pension fund to pump more money into flagging mainland bourses failed to have the desired mollifying effect as investor selling intensified, sending key benchmarks to fresh multi-year lows. The Shanghai Composite index sank 8.5% on Monday, its biggest percentage one-day drop since February 2007.
Today's sharp correction is only the latest indication that all is not...
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