Peter Agra

Is the Chinese economy still an emerging market — or something different altogether? While the nation has long been tagged with the “emerging market” label, its peculiar role in the world economy has prompted an increasing number of investors to question the strategy of simply lumping Chinese allocations in with other EM investments.

Citron Research founder Andrew Left saw China Evergrande Group’s woes coming — almost a decade ago. The world’s most indebted real estate firm, Evergrande has been one of the biggest casualties of China’s recent market rout: Its stock and bonds have tanked, its debt has been downgraded, and banks are refusing to lend it more money.

BlackRock is putting $1.22 billion from its global money market funds, including its environmentally-aware lineup, into a first-of-its-kind asset-backed deal to fund solar energy projects. Credit Suisse developed the green asset-backed commercial paper specifically for solar energy deals in the U.S. “Investors are increasingly seeking sustainable options for their cash management,” Thomas Callahan, head of BlackRock’s global cash management business, said in a statement.