The Asia Eight

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

March 23, 2021

1 TOP STORY: PBoC says yuan CBDC can have anonymity

2 ASIA MARKETS: HSI, CSI300 and Nikkei 225 decline

3 ATF TV: ESG investing surges on global warming concern

4 THE ATF BIG PICTURE: Impact investing growth in charts

5 NEWS: Bridging the gap in Chinese sustainability markets

6 NEWS: US tech companies back SPAC for Indian startups

7 NEWS: Biden chooses tech critic for key antitrust post

8 NEWS: Japanese back ban on overseas Olympic visitors

01 Top Story Yuan CBDC can have 'controllable anonymity'

PBoC research director says total anonymity is not feasible for large transactions, as it could allow criminal use of state funds; but some analysts say that while a digital currency may be convenient, there is concern over privacy as governments can monitor all transactions

02 Asia Markets Bourses plummet across region

Hong Kong’s HSI falls 1.3% to 28,497.38, China’s CSI300 slides 0.9% to 3,411.51 and Japan’s Nikkei 225 drops 0.6% to 28,995.92

03 ATF TV Impact investing making waves worldwide

Mervyn Tang, Global Head of ESG at Fitch Ratings, examines the rapid rise on environmental, social and governance-based investments

04 ATF Big Picture

05 China's sustainability gap

Nation's nascent ESG fund industry more than tripled in 2020 to more than $26 billion; clean energy funds made up 70% of ESG fund assets under management, but the lack of reliable data sources and monitoring tools is a key challenge in the country

06 SPAC for India startups

A Cayman Island-based blank cheque company backed by a bunch of US-based techies is eyeing the SPAC route through a Nasdaq-IPO for investing in Indian tech start-ups

07 Biden pick targets techB

Lina Khan, a Columbia University law professor, wrote a 2017 paper called Amazon's Antitrust Paradox, which outlined the growing dominance of the e-commerce giant

08 Olympics ban backed

Poll shows a majority of Japanese believes Games should be cancelled or postponed again due to the coronavirus pandemic, but support for holding event in summer continues to grow