The Asia Eight

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

January 11, 2021

1 TOP STORY: Oil majors take China shale gas long shot

2 NEWS: New China Covid outbreaks raise concern

3 ATF TV: The 2021 prospects for emerging markets

4 ASIA MARKETS: HSI, Nikkei 225 climb; CSI300 falls

5 COMMENT: Reaction to latest China PMI data

6 ATF BIG PICTURE: Structured-assets hit by delisting

7 NEWS: Tech giant Baidu teams with Geely on EVs

8 NEWS: China's 2021 rare earths outlook

01 Top Story China's shale play

Sinopec says it has built the first phase a new gas field in Sichuan, while PetroChina has vowed to double output from the same province; But China's shale formations are buried deeper and more fractured than in the US, and often located in difficult terrain

02 New China Covid concern

National Health Commission reports more than 179 new coronavirus cases for first time since July as second city in Hebei province goes into lockdown; 11 million citizens reportedly in lockdowns

03 ATF TV EMs to watch

Rajeev de Mello, managing director at Deep Learning Investments, casts an eye over the EM landscape and offers his forecasts for the coming year

04 Asia Markets

HSI climbs 0.1% to 27,908.22; CSI300 declines 1.1% to 3,531.03; Nikkei 225 surges 2.4% to 28,139.97

05 Comment

“With economic activity set to remain strong and underlying inflation likely to continue rising, we think the [People’s Bank of China] will tighten policy this year”

Julian Evans-Pritchard, senior China economist at Capital Economics

06 ATF Big Picture

Goldman Sachs, JPMorgan and Morgan Stanley are delisting 500 structured products in Hong Kong as the impact of Trump’s ban on Chinese military-linked firms spreads; HKEX insists the Hong Kong structured product market will continue to thrive

07 Baidu-Geely Partner on EVs

China's search engine giant and Chinese automaker have confirmed that they will form a joint venture to produce 'smart' electric vehicles, with production to be done at plants owned by Geely Holding

08 2021 rare earth prospects

Last year a ‘control’ index was drawn up for rare earth mines as China became more aware of the strategic value of this sector; This was a counter lever to US sanctions in the trade war, and a bid to develop “superior mineral resources”; exports fell 28%, while prices rose nearly 23%