Date
23 October 2018

Finance & Property

  • China is standing at a crossroads again, with investors seeking reassurance that the private sector will not be related to the background vis-a-vis state enterprises. Photo: Reuters

    Why Beijing needs to renew vows on reforms, private enterprises

    - Oct 23, 2018 4:25pm
    The Shanghai market posted a strong rally of 4.1 percent on Monday as expected, while the Hang Seng Index gained 2.3 percent. Whether if it will prove to be a short-lived rebound or a trend reversal...
  • SHKP Executive Director Christopher Kwok (L) and Tencent Vice President Jim Lai shake hands after inking a strategic cooperation agreement last week for promotion of WeChat Pay in Hong Kong. Photo: SHKP

    Why Tencent’s tie-up with SHKP on WeChat Pay makes sense

    - Oct 23, 2018 1:23pm
    Chinese internet giant Tencent Holdings has faced some of its worst days ever recently as mainland authorities launched a crackdown on online gaming players, accusing them of fueling video-game addiction among the youth and marketing inappropriate...
  • US President Donald Trump with Chinese President Xi Jinping. Is Washington using oil as a weapon to contain China? Photo: Reuters

    Is China heading towards stagflation?

    - Oct 23, 2018 11:52am
    China’s consumer price index rose by 2.5 percent in September from a year earlier, a seven-month high and up from a 2.3 percent growth in August. The producer price index increased by 3.6 percent, after a 4.1...
  • Investors look at computer screens showing stock information at a brokerage house in Wuhan. Chinese authorities have launched an effort to calm the markets following a huge selloff. Photo: Reuters

    China’s top financial regulators line up to calm investors

    - Oct 22, 2018 4:43pm
    As Chinese stocks traded near four-year lows amid concerns over the economy and worries over margin calls, the nation’s top financial officials sought to shore up market confidence last Friday, with various local governments also pumping...
  • Hong Kong authorities scrapped the auction of a luxury site located along Mansfield Road in The Peak as all the bids came in below the reserve price. Photo: HKEJ

    Does the Peak land sale failure bode ill for HK property market?

    - Oct 22, 2018 10:52am
    The Hong Kong government’s cancellation of the sale of a luxury residential site in the upscale Peak area has fueled talk that the housing market in the city could be at a turning point. The tender...
  • Marqeta will service Europe  from London, where it has hired at team of five and signed up new clients. Photo: Reuters/Internet

    Goldman-backed fintech startup Marqeta launches in Europe

    Oct 22, 2018 10:02am
    Marqeta, a US financial technology startup that helps young companies including digital-only banks issue payment cards, has expanded into Europe, Reuters reports. The company said it will service the region from London, where it has hired...
  • Chinese authorities are said to have called a visiting UBS wealth management executive for questioning for unknown reasons. Photo: Bloomberg

    UBS warns staff over China travel after banker held: report

    Oct 22, 2018 9:20am
    UBS Group has asked its China wealth management staff to reconsider their travel plans to the country after authorities there asked one of its bankers to delay her departure from Beijing to meet with local officials,...
  • Fans of HBO's hit series Game of Thrones are familiar with the motto of the show's premiere episode, "Winter is Coming". It is also being used as a warning about the global economy. Photo: HBO

    Winter is coming?

    - Oct 19, 2018 11:53am
    Global stock markets have lost their luster. China’s A shares are the worst performers, while Hong Kong stocks are lethargic. Dow Jones and S&P 500 have pared their gains to 2-3 percent after last week’s correction. Nasdaq...
  • HSBC and the other banks joining the digital trade information network hope to provide cheaper funding and other services to importers and exporters. Photo: AFP

    HSBC, 6 other banks ink deal on digital trade finance network

    Oct 18, 2018 9:24am
    Seven banks, including HSBC (00005.HK) and Banco Santander, have signed a Memorandum of Understanding (MoU) to create a global digital network in trade finance aimed at allowing cheaper and easier funding for corporates, Reuters reports, citing...
  • The People's Bank of China retains a lot of independence in keeping rates loose as it deleverages. Photo: China Daily

    HK and China taking separate paths on interest rates

    - Oct 16, 2018 1:54pm
    We believe that differing monetary policy regimes and index constituents will dictate a separation between the Hang Seng Index and the CSI 300 into year-end. Not only are Hong Kong Interbank Offered Rate (HIBOR) and Shanghai...
  • Sears filed for Chapter 11 bankruptcy protection in White Plains, New York on Monday. Photo: Reuters

    Bankruptcy judge approves financing to keep Sears open

    Oct 16, 2018 10:14am
    A bankruptcy judge approved US$300 million in financing to keep department store chain Sears Holdings Corp. open through the holiday season, giving the century-old retailer that once dominated US shopping malls a chance to remain in...
  • With the cryptocurrency bubble having gone bust, boosters have resorted to a defense of “blockchain”, the distributed-ledger software underpinning all cryptocurrencies. Photo: Bloomberg

    The big blockchain lie

    - Oct 16, 2018 9:01am
    With the value of Bitcoin having fallen by around 70 percent since its peak late last year, the mother of all bubbles has now gone bust. More generally, cryptocurrencies have entered a not-so-cryptic apocalypse. The value...
  • The global stock market slide had many traders and investors scratching their heads. Photo: Reuters

    Market crash? Another red card for the economy

    - Oct 15, 2018 4:23pm
    A few months ago I wrote this article at the World Economic Forum called “A Yellow Card For The Global Economy“. It tried to serve as a warning on the rising imbalances of the emerging and...
  • Amid rising tensions with the United States, China should deepen its structural reforms. Photo: Sina

    How China should respond to the economic cold war with US

    - Oct 12, 2018 11:14am
    Many have described the deteriorating US-China relations as a new era of cold war. But I believe it’s more like an economic cold war, rather than a full-blown cold war, because what the United States cares most...
  • A weaker yuan bodes ill for earnings of many listed companies in Hong Kong. Photo: Reuters

    HK equities to see more downside as yuan weakens

    - Oct 12, 2018 10:53am
    The People’s Bank of China announced last Sunday that it was cutting the reserve requirement ratio (RRR) for banks, the fourth such move this year. It remains to be seen whether the easing move will help...
  • Alipay said users who have linked their accounts using Apple IDs should lower transaction limits. Photo: Xinhua

    Alipay says stolen Apple IDs behind thefts of users’ money

    Oct 12, 2018 8:39am
    Ant Financial’s Alipay, the operator of one of China’s top two mobile payment apps, said hackers have taken an unknown amount of money from accounts using stolen Apple Inc. IDs, Reuters reports. Alipay said in a post...
  • 'Unicorns' took about a quarter of venture capital funds raised in the US so far this year, according to a report. Photo: Reuters/gsb.stanford.edu

    VC financing hits 10-year high in the US

    Oct 11, 2018 4:29pm
    Venture capital financing in the US has hit a 10-year high, and the uptrend is expected to sustain in the near future, the Hong Kong Economic Journal reports. In the nine months to September, American startups...
  • A view of Ducatus cafe in Singapore, the first cashless cafe that accepts cryptocurrencies in the city. Singapore authorities are reportedly willing to lend a hand to crypto startups in relation to banking services. Photo: Reuters

    Singapore to help crypto firms set up local bank accounts

    Oct 11, 2018 1:27pm
    The Monetary Authority of Singapore (MAS), the city-state’s central bank and financial regulator, is reportedly working on helping cryptocurrency firms set up local bank accounts and receive banking services. Ravi Menon, managing director of the MAS,...
  • Market players urged regulators to avoid an “exhaustive and prescriptive list” of rules and instead set principles that allow fintech companies to operate “confidently across borders and enter new markets”. Photo: Reuters

    Data privacy rules spoiling fintech boom, says industry group

    Oct 11, 2018 10:11am
    Data privacy rules in Asia are limiting the spread of financial technology, an industry body said as it called on regulators to set out broad principles rather than precise rules, Reuters reports. Companies around the world...
  • Traders work on the floor of the New York Stock Exchange. Concerns surrounding rising interest rates again took center stage after US government debt yields hit highs not seen in more than seven years. Photo: Reuters

    The US Ten-Year shows the extent of the bond bubble

    - Oct 10, 2018 11:34am
    “Only when the tide goes out do you discover who’s been swimming naked.” – Warren Buffett  The US 10-year bond has reached, at the close of this article, a yield of 3.2 percent, the highest since...

EJI Weekly Newsletter

Please click here to unsubscribe