China scolds its reckless corporate borrowers: No more debt for you!

China scolds its reckless corporate borrowers: No more debt!

(ATF) Here we go again on the debt worry and asset bubbles in China. Many have said that China is a “bicycle” economy which will fall down when the economy stops growing at a certain rate – which some have argued is about 5% of real GDP growth. China’s real …

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China’s fast-growing onshore corporate bonds offer opportunities

China’s fast-growing onshore corporate bonds offer opportunities

(ATF) China’s bond market is now the world’s second-largest after the US and while the impressive growth of China’s offshore bond market is well-noted, it is the spectacular rise of its onshore bond market that has our attention. Onshore corporate bonds have recorded the fastest growth; it is here we …

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Why sovereign investors have power to influence govt climate action

Why sovereign investors have power to influence govt climate action

(ATF) In the shadow of equity markets, the integration of environmental, social and governance (ESG) factors in sovereign markets is in its embryonic phase. For a start, because sovereign debt is traditionally considered a risk-free asset class, the importance of ESG integration has been underestimated, at least in developed markets. …

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Trusting the tech to make the checks – the case for AI in trade finance 

Trusting the tech to make the checks – the case for AI in trade finance 

The remote working revolution brought on by the Covid-19 pandemic has highlighted how, when enabled by technology, society can make huge changes remarkably quickly. In fact, the pandemic has kickstarted or accelerated digital change across many facets of life, including finance. One area that will benefit greatly from this shift …

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Assessing Investment Options in a low-yield world 

Assessing Investment Options in a low-yield world 

(ATF) We are facing an asset allocation conundrum insofar as the tools we as portfolio managers once used may not give us the diversification benefits or performance attributes we once enjoyed. Reports of the demise of government bonds as a diversifier may have been exaggerated, but even after, and perhaps …

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Navigating the new financial landscape 

Navigating the new financial landscape

(ATF) The Biden administration has wasted no time since taking office to push ahead with its economic support agenda and enacted a nearly $3 trillion spending programme. At the same time US government bond yields have continued to rise, testing the resolve of the Federal Reserve’s commitment to keep rates …

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The great cotton 'conspiracy'

The great cotton conspiracy

(ATF) The volume of Chinese media propaganda has been cranked up in the furore over cotton from the Xinjiang in the country's west. Chinese media outlet The Paper said on Tuesday (March 30) that "reports of H&M and other European and American brands boycotting Xinjiang cotton must have been read …

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