Beijing's economic goal is more than just a number

Beijing's economic goal is more than just a number

The spike in China’s economic activity is no surprise , thanks to the base effect and the seasonality factor. However, the metric we are watching is the fixed asset investment level , given Beijing has made it clear it would not tolerate any further asset inflation. There are also glimpses …

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Higher oil prices dance to the tune of rising inflation

Higher oil prices dance to the tune of rising inflation

(ATF) Global economic recovery hopes and production cuts have helped oil prices rise to their highest level in more than a year. For emerging market (EM) sovereign energy producers and exporters, this should help in two distinct ways: first, by lowering fiscal funding needs; and, second, by improving their current …

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HSI overhaul makes it more balanced, relevant

Hang Seng Index plans major overhaul

Hong Kong's flagship stock index, the Hang Seng this week announced plans of sweeping changes to the Special Administrative Region’s (SAR) stock benchmark that would dilute the influence of its largest companies and give more sway to fast-growing technology stocks. The updates include maintaining 20 to 25 companies to be …

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China's disinflation and implications

CHINA’S DISINFLATION AND IMPLICATIONS

China has abandoned its “growth at all cost” policy and stuck with its deleveraging and structural reform direction, despite the trade-war and Covid-19 shocks. This has resulted in a constrained growth environment capping demand-pull inflation which, in turn, also capped the cost-push price pressure from filtering down to CPI inflation. …

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Lai See lessons for parents and our young children 

Lai See lessons for parents and our young children 

(ATF) As someone who immigrated to Hong Kong a little over 10 years ago, I have come to appreciate Chinese holidays more and more every year, although I still feel I have a lot to learn. One custom I have been trying to get better at over the years, most …

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Poole on Point: Sustaining returns for the future

Sustaining returns for the future

(ATF) The global economy entered recession in 2020. The Covid-19 pandemic was a surprise for everyone. Central banks cut policy rates aggressively. Governments implemented large fiscal support packages. Widespread lockdowns persisted through the year. A vaccine was developed within the year! The recession was short. And financial markets delivered great …

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There’s two sides of the coin to the crypto surge 

There’s two sides of the coin to the crypto surge 

Bitcoin continues to rise in price, even breaking through the $50,000 mark last week and reaching a capitalisation of $938 billion – making it the sixth most valuable entity in the world. That put only the likes of Apple ($2.2trillion), Saudi Aramco ($2trillion), Microsoft ($1.8trillion), Amazon ($1.64trillion), Alphabet aka Google …

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