The Asia Eight

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

November 20, 2020

1 TOP STORY: SOE bond defaults spark China regulator probe

2 ASIA MARKETS: HSI and CSI300 climb while Nikkei retreats

3 ATF BIG PICTURE: Rise of electric cars in Asia spell oil's end

4 NEWS: Axing 'zombie' firms to strengthen Chinese economy

5 NEWS: No customer, and that's bad news for Adani Green

6 ATF TV: Benchmarking China's growing bonds market

7 NEWS: Yatsen's US share sale revives China IPO optimism

8 COMMENT: Japan consumer price data renew inflation worries

01 TOP STORY: China probes bond defaults

Association of Dealers says underwriters of the default that created a panic in the corporate bond market are suspected of violating 'self-financing' rules; the industry wants greater crackdowns to help maintain order.

02 Asia Markets

Japan’s Nikkei 225 slips 0.42%, Australia’s S&P ASX 200 dips 0.12%, MSCI Asia Pacific index is flat, Hong Kong’s Hang Seng advances 0.36% and China’s CSI300 edges up 0.31%    

03 Will EVs kill oil?

Rising demand for electric vehicles and tough policies on petrol engines in China and India threaten to spell the end of the age of oil in region that uses more of it.

04 Culling the zombies

Chinese regulators say 25 companies have been delisted in the past 2 years; they are keen to axe firms that are no longer a going concern, and have vowed to support listed firms to clear bad loans.

05 Blues for Adani

Indian billionaire Gautam Adani’s record $6billion solar power project Adani Green has no guaranteed customer - and that is exposing the company to higher financial risk.

06 Indexing China bonds

Dr Christian Kronseder, CEO of ALLINDEX, discusses the compilation of the ATF China Bond 50 Index on Asia Times Financial TV

07 Yatsen IPO boost

Cosmetics and skincare brand saw its shares jump 66% after IPO, helping to revive sentiment about US listings for Chinese companies.

08 Comment

"If restrictions on dining and travel are reimposed, that could derail Japan's fragile economic recovery." 

Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute, after Japan announced disappointing consumer price data