The Asia Eight

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

January 22, 2021

1 TOP STORY: WeChat plans switch to live-streaming

2 ATF TV: Growing importance of ESG investing

3 ASIA MARKETS: HSI, CSI300 and Nikkei decline

4 NEWS: Tech giants fear China's payments laws

5 NEWS: BMW seeks margin boost with China JV, EVs

6 NEWS: Malaysia speeds vaccine rollout on case surge

7 NEWS: India gains in pandemic supply-chain shift

8 ATF BIG PICTURE: Making shops, hotels Covid safe

01 Top Story WeChat plans pivot to live-streaming

Tech giant with 1.09 billion users had planned to offer financial services, but with the CCP implementing an anti-monopoly clampdown, the group has decided that WeChat should focus on live video sharing and broadcasts instead, its founder Allen Zhang says

02 ATF TV Green investing

Sustainability and impact investing are huge and growing parts of the financial industry. Alvin Yeo, ESG analyst at UBS in Hong Kong, explains the importance of green considerations when investing

03 Asia Markets

HSI falls 1.6% to 29,447.85, CSI300 loses 0.4% to 3,606.75 and the Nikkei 225 drops 0.4% to 28,631.45

04 Payments law hits giants

Alipay had over 55% and WeChat Pay nearly 39% of China’s third-party mobile payment market in mid-2020, so both may face moves under new anti-monopoly laws such as having to divest assets or other 'rectification' measures by state officials

05 BMW eyes China JV, EVs

German manufacturer's chief financial officer says orders fell because of the latest pandemic-related lockdowns, but is optimistic about Q1 if economic activity restarts 

06 KL speeds vaccine rollout

Southeast Asian nation received global plaudits for its fight against Covid-19 but forced migrant workers to work long and gruelling hours in unsanitary conditions

07 Logistics shift aids India

An outcome of Covid has been a reconfiguration in global supply chains away from China to other economies. India is already benefitting as latest incentives are drawing companies to the country looking to diversify amidst US-China trade tensions

08 ATF Big Picture