The Asia Eight

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

March 05, 2021

1 TOP STORY: Walmart-owned Flipkart plans SPAC IPO

2 ATF TV: All change at HKEX under new CEO Aguzi

3 ATF BIG PICTURE: Hong Kong set to take IPO crown

4 ASIA MARKETS: HSI, CSI300 and Nikkei 225 decline

5 NEWS: Headwinds to hopes for China chip autonomy

6 NPC 2021: Li outlines 2021 Chinese economic plan

7 NPC 2021: Planners target at least 6% GDP growth

8 NPC 2021: Urban employment growth strong in 2020

01 Top Story Flipkart eyes Indian listing via SPAC

E-commerce firm reportedly in talks with several Special Purpose Acquisition Companies and could seek a valuation of at least $35 billion in a blank-cheque deal

02 ATF TV Change at HKEX

Tariq Dennison, Wealth Adviser at GFM Asset Management in Hong Kong, considers what changes we can expect to see at HKEX under its new CEO Nicolas Aguzin

03 ATF Big Picture

04 Asia Markets

Tokyo's Nikkei 225 drops 0.2% to 28,864.32, Hong Kong’s Hang Seng slides 0.5% to 29,098.29 and China’s CSI300 is flat at 3,501.99

05 China chip independence

Analysts say shortages unlikely to get better until the third quarter, while the country's dependence on international chipmakers could take years to overcome

06 Li outlines 2021 plans

Chris Gill gives a bullet-point summary of Premier Li Keqiang's speech at the opening of the National People's Congress in Beijing

07 6% GDP growth targeted

Confidence offset by more downbeat assessment offered by the Finance ministry, saying outlook for government revenue and expenditure this year is "quite grave"

08 Jobs growth strong

Officials said nearly 12 million new urban jobs were created in 2020, while double that number received skills training to help them find employment