The Asia Eight

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

March 31, 2021

1 TOP STORY: China to open largest emissions market

2 ATF TV: Challenges ahead for trend-bucking Indian banks

3 THE ATF BIG PICTURE: Crypto payments gain acceptance

4 ASIA MARKETS: Stocks weaken as eyes turn to Biden plan

5 NEWS: China tech giants hatch Archegos counter plan

6 NEWS: FTSE Russell puts Indian bonds on index watchlist

7 NEWS: Guangdong cities given economic status upgrade

8 NEWS: Chinese factory output grows, services lag behind

01 Top Story

China to open largest emissions trade market

A trading platform worth 150 billion yuan ($23 billion) is being set up in Shanghai and integrated with a registration platform in Hubei province; bosses are aiming for a launch and initial transactions by end of June

02 ATF TV Challenges for trend-bucking Indian banks

Balance sheets at large private banks are among the strongest ever post any crisis, say analysts, but they also warn the full effect of the pandemic is yet to be felt 

03 ATF Big Picture Crypto payments gain acceptance

04 Asia Markets Bourses weaken as Biden plan eyed

Stock fall across the region; US president expected to announce another multi trillion-dollar stimulus package; inflation concern still dogs investors; Indian shares drop on World Bank GDP forecast

05 China tech Archegos plan

Tencent Music, GSX Techedu and Vipshop are buying back their own shares to counter the effect of huge block sales linked to Archegos Capital; US-listed shares of Chinese firms get a boost

06 FTSE mulls India bonds

The inclusion of Indian government bonds on the watchlist for one of its major global debt indexes is seen as an acknowledgment of a liberalising sovereign bond market

07 GBA cities given upgrade

Zhuhai, Shantou and Zhanjiang to be given leg-up to help close gap in economic status between Pearl River Delta area that adjoins Hong Kong and province's periphery

08 Factory output grows

National Bureau of Statistics points to higher prices and longer delivery times as analysts fear the post-pandemic economic bounceback could be of short duration