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Yin Ke is five minutes late for a morning meeting with Euromoney, and understandably so. The markets he plies as chief executive of Beijing’s favourite investment bank, Citic Securities, are barely an hour into trading, but this is already proving to be the blackest yet of Mondays in China’s emergence as a global powerhouse.
Outside the calm of Citic’s boardroom in downtown Central, Hong Kong’s Hang Seng index and the benchmark Shanghai Composite index are plunging their sharpest in years, as the so-far $4 trillion global sell-off sparked by China’s wobbles continues unabated.
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