The Asia Eight

Daily must-reads from the world’s most dynamic region

November 16, 2020

  • Foreign capital surges into Chinese treasury bonds through October
  • Chinese corporate and municipal bonds are also on a record roll
  • News of another highly effective Covid vaccine boost markets
  • Creation of the world's largest trade bloc omits inclusion of US

01 Overseas buyers plough into China Ts

Foreign investors snap up $18 bn of sovereign debt in October via the interbank market, but the country has seen a series of defaults by state enterprises that has shaken local investors.

02 Asia Markets

Renewed vaccine optimism lifts Asian markets just as Moderna announces another Covid-19 treatment with an expected efficacy of 90%-plus.  

03 Recovery seen in China data

Industrial output surges 6.9% in October from a year earlier, expanding for the seventh straight month as the economy shakes off the impact of the coronavirus pandemic on its labour market and services sector.

04 China Bond 50 Index

The Benchmark ATF China Bond 50 Index rose 0.03%, its 17th consecutive day of gains, which extended its longest-ever winning streak in data that goes back to 2018.

05 Viet landing rights

The US Department of Transportation granted Hanoi-based Bamboo Airways, Vietnam's newest air carrier, a permit to carry passengers and cargo to the US. The move is a sign of warming ties between the once warring foes.

06 TikTok countdown

TikTok owner ByteDance has just under two more weeks to reach a deal to sell US assets, though a further extension during a shambolic transition from the presidency of Donald Trump remains possible.

07 No US in Asia-Pac bloc

A China-backed new free-trade deal signed between 15 Asia-Pacific countries forms the largest bloc in the world – but doesn't include the US as a member.

08 Comment

"For this we need the appropriate arsenal of possible measures: Impose fines, exclude companies or parts of their services from the Single Market, insist that they split up if they want to keep access to the Single Market. Or a combination of all of these."

Europe's industry chief Thierry Breton on the prospects of taming US tech giants