The Asia Eight

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

November 27, 2020

1 TOP STORY: Chaos as Eggshell stops paying landlords

2 ASIA MARKETS: Nikkei 225, HSI and CSI300 climb

3 NEWS: Stake purchase talks for iQIYI have been 'halted'

4 ATF BIG PICTURE: China's bond default troubles snowball

8 COMMENT: The credits selloff and the PBoC's response

6 NEWS: Evergrande debt sale averts real estate crisis in China

7 NEWS: Japan's Suga sets out plan for sustainable economy

5 ATF TV: New pension plans for Asia's wealthy investors

01 Top Story Chaos as Eggshell dream cracks

Anger and concern is deepening over news that China's New York-listed owner-tenant intermediary has stopped making payments to landlords.

02 Asia Markets

Nikkei 225 rises 0.4% to 26,644.71; Hang Seng Index climbs 0.3% to 26,894.68; CSI300 adds 1.1% to 3,408.31

03 iQIYI buy 'halted'

Sources have said that talks by tech giants including Tencent and Alibaba to buy a stake in Chinese video-streaming app have been been brought to a halt over price and regulatory issues.

04 ATF Big Picture

05 Comment

“There is a policy risk of being overly confident in the system’s resilience and the Covid-19 shock could return. But on balance, the People’s Bank of China is still sticking with its neutral policy gun, as the steady cyclical recovery is offsetting the dragging impact from local SOE defaults."

Chi Lo,Senior Economist, Greater China, at BNP Paribas Asset Management

06 Homes crisis averted

China’s largest property developer Evergrande sold bonds to raise finance critical to the troubled company’s survival and averting a crisis in the nation's real estate sector.

07 Turning Japan green

Japanese Prime Minister Yoshihide Suga has outlined measures he hopes will green the economy enough to achieve the government’s ambitious carbon reduction targets.

08 ATF TV Wealth plans

Private placement life insurance (or PPLI) is an internationally recognised wealth management solution that has become popular among affluent people in Asia. Jason Tsui speaks to ATF TV.