The Asia Eight

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

March 12, 2021

1 TOP STORY: China set to reform SOE, energy, rail sectors

2 ATF TV: Covid's impact on Indian payments and investing

3 ASIA MARKETS: HSI slumps; Nikkei 225 and CSI300 climb

4 NEWS: Japan-Oz venture to extract hydrogen from coal

5 NEWS: Reddit army turns its gaze on gaming firm Roblox

6 ATF BIG PICTURE: The retail phenomenon is here to stay

7 NEWS: China Mobile set to dominate 'golden' 5G frequency

8 NEWS: India, US pile more pressure on Huawei technology

01 Top Story Beijing to reform SOE, energy, rail sectors

China is pushing for mixed-ownership of more than 200 state enterprises, as well as a standard subsidy system, so that it intervenes less in SOE operations and opens up segments of strategic sectors such as power grids, telecoms, railways, plus oil and gas, to competition

02 ATF TV Post-Covid India

Nitin Jain, CEO and MD at Edelweiss Wealth Management in Mumbai, examines how post-Covid spending is likely to affect the electronic payments and investment spaces

03 Asia Markets

Hong Kong’s Hang Seng falls 2.2% to 28,739.72, China’s CSI300 climbs 0.5% to 3,453.08 and Tokyo's Nikkei 225 advances 1.7% to 29,717.73

04 Hydrogen from coal

Kawasaki Heavy Industries is running a $387-million pilot project to draw new energy source from fossil fuel in the Australian state of Victoria. Government support comes from both Tokyo and Canberra 

05 Reddit turns to Roblox

US gaming company takes advantage of its popularity with children during lockdowns enforced last year during the Covid pandemic; trading debut values company at least $40 billion

06 ATF Big Picture

07 China Mobile in gold zone

At least 400,000 5G 700Mhz 5G 'golden frequency’ base-stations are required nationwide to achieve basic coverage in urban and rural areas; the wireless network is expected to be completed in 1-2 years, and the radio and television network is expected to advance at the same time

08 More pressure on Huawei

The Biden administration is tightening restrictions on supplying items that can be used for Huawei 5G devices, while India is set to block mobile carriers from using equipment made by the Chinese telecom firm