Ant in Wonderland: IPO fiasco’s reality problem

Ant in Wonderland: IPO fiasco’s reality problem

(ATF) The Ant Group IPO was supposed to be a rollicking, barnstorming success – the biggest in the history of public equity markets, a virile marker of China’s relentless rise in economic and capital markets terms and a salutation to the country’s unrivalled embrace of financial technology and the advance …

Continue reading

An exciting alternative in wealth planning

An exciting alternative in wealth planning

(ATF) Over the past two decades, Asia’s most affluent citizens have been accumulating wealth alongside a flourishing regional economy and strong infrastructure developments. By mid-2019, the global wealth estimate was put at US$360 trillion, almost 40% of which ($141 trillion), was from the Asia Pacific region. As the world reshapes …

Continue reading

China’s Ant IPO suspension bombshell will create aftershocks

China’s Ant IPO suspension bombshell will create aftershocks

(ATF) It was easy to spot short-term losers from China’s rebuke to Jack Ma for his criticism of the country’s financial regulatory framework. The decision to suspend the Ant Group IPO that had been poised to raise up to $37 billion caused a fall in Alibaba’s US-listed share price of …

Continue reading

What would a Blue Wave mean for the US markets?

What Would a Blue Wave Mean for the US Markets?

(ATF) Writing about the market implications of presidential election scenarios typically involves analyzing which sectors are best positioned to benefit from Democrat or Republican campaign platforms. But this isn’t your typical election cycle with COVID-19 surging again in the U.S. and widespread concerns about the type of recovery we can …

Continue reading

China on track for 2.2% growth in 2020

China on track for 2.2% growth in 2020

(ATF) China’s 4.9% year-on-year third quarter 2020 GDP growth was lower than my 5.5% forecast. But the new data (released on 19 October) has not changed my fundamental case and forecast trajectory that China’s recovery started after the growth plunge in the first quarter and the second quarter was a …

Continue reading

Why China’s official data don’t add up

Why China’s official data don’t add up

(ATF) Last week China released it’s much anticipated third quarter GDP, and along with it came fresh concerns of data accuracy. While the 4.9% print missed rather exuberant market expectations of over 5% growth, the real head-turner was Beijing’s announced revisions to its fixed asset investment (FAI) data for September …

Continue reading

Joe Biden and the future of US-China ties

Joe Biden and the future of US-China ties

(ATF) Feelings against China are running so high across the US political spectrum that Beijing should expect a continued rough ride under Joe Biden. For if he becomes president the Democratic nominee is likely to revive alliances that Donald Trump has scorned to press China on everything from unfair competition …

Continue reading