At the height of the frenzy for Chinese stocks, just about every company was a winner, the International New York Times DealBook blog reported. An online gaming start-up was valued at $7 billion. Shares in a fireworks company that had moved into finance shot up 300 percent. A struggling property developer was transformed into a stock market darling, just by changing its name to suggest it was an Internet company.

The developer of the unfinished $3.5 billion Baha Mar mega resort in the Bahamas has accused China Construction America of cutting power to the work site, inflating expenses and trying to steal documents stuffed in suitcases, U.S. court filings show. China Construction America, a unit of China State Construction Engineering Corp Ltd, denied the allegations, saying in a statement on Friday the developer is trying to deflect attention from its own mismanagement of the troubled project.

The Chinese government struggled in vain Wednesday to prevent the distress in the country’s stock markets from spreading, as it openly fought market forces it has pledged to give a larger role, The Wall Street Journal reported. Early Wednesday, the Chinese authorities rushed out another raft of emergency measures to halt what is turning into a crisis of confidence in leaders’ ability to steer the economy. But before the day was over the equities selloff had spilled into offshore trading in the Chinese yuan and worsened a drop in global commodity prices.

The National Guarantee Fund, a compensation vehicle for investors, has admitted it does not currently have the resources to handle a jump in claims from the collapse of BBY, and is seeking to rectify the situation, The Sydney Morning Herald reported. The Securities Exchanges Guarantee Corporation, the fund's administrator, is considering setting up a panel of law firms to assist with, and expedite potential claims.

Bhushan Steel Ltd (BSL) has received lenders' approval for long-term restructuring of about Rs 30,000 crore loans under a scheme of Reserve Bank of India. The Joint Lenders Forum (JLF) has agreed to extend the loans of BSL for a tenure of 25 years under the RBI's scheme for long-term structuring of loans in line with cash flows. "About 70 per cent of the lenders have approved the scheme and by the end of this month it should get closed", Bhushan Steel Chief Finance Officer (CFO) Nittin Johari told the Press Trust of India.

Far more than simply a market crisis, the Chinese leadership views turmoil on the Shanghai stock exchange as a potential security threat to the regime, The Wall Street Journal reported. That helps explain the barrage of measures unleashed by financial authorities to counter a sudden market downturn that threatened to shake public confidence in the government.

The Chinese construction company building the unfinished $3.5 billion Baha Mar resort in the Bahamas on Tuesday accused the developer of mismanaging the project's design and not securing adequate financing, Reuters reported. China Construction America (CCA) has been blamed for the delays that caused the Baha Mar project to file for bankruptcy protection late last month in a Delaware court. But CCA said the developer of the project replaced the mega resort's principal architect after construction began and had more than 1,300 change orders for construction contractors.

President Xi Jinping of China has crushed opposition by silencing and often locking up anyone who dares defy the government. But that aura of invincibility has been shaken by stock market speculators, who have made a mockery of efforts to halt a steep slide in share prices, the Irish Times reported. The losses – Chinese shares have shed more than a quarter of their value in three weeks – pose an added risk, and possibly greater danger, to a global economy grappling with Greece‘s difficulties in repaying foreign loans and its possible exit from the euro.

Chinese authorities have ramped up their attempts to restore investor confidence in the country’s tumbling stock markets, setting the stage for another turbulent week of trading on the Shanghai and Shenzhen stock exchanges, the Financial Times reported. The China Securities Regulatory Commission said in a brief statement late on Sunday night that the central bank would “uphold market stability” by providing liquidity to China Securities Finance, a state entity that makes margin financing available to brokers.

Holders of senior debt from Singapore's banks will have reason to breathe easy if the Monetary Authority of Singapore implements proposals to limit its statutory bail-in framework to subordinated debt, Reuters reported. The proposal, part of a set of proposed enhancements to the bank resolution regime, will turn Singapore into one of the most investor-friendly nations for senior bank debt, as opposed to the approach favoured in Europe and elsewhere.