Change is coming for Chinese banks and foreign banks in China

Change is coming for Chinese banks and foreign banks in China

(ATF) With China’s banking industry increasingly operating abroad and foreign banks moving into China, a top official in the country has said a new regulatory body should be set up to manage this more global banking structure. China's financial services will need to move from institutional supervision to functional oversight, …

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Singapore expects a healthy return to growth in 2021

Singapore expects a healthy return to growth in 2021

(ATF) In a good omen for a global economic recovery, Singapore expects to return to growth next year as the city state made a strong third quarter performance powered by pharmaceuticals and electronics. Singapore’s gross domestic product (GDP) fell 5.8% year-on-year in the third quarter, the Ministry of Trade and …

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A global sigh of relief

A global sigh of relief

(ATF) Swiss pharmaceutical giant Pfizer said it’s ready to begin a delivery programme for its Covid vaccine in the US the day after a second treatment showed a high level of efficacy. The response from economists has been predictable. “There is light at the end of the tunnel,” said Gain …

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Battered value bulls wary as vaccine news fuels cheap stock surge 

Battered value bulls wary as vaccine news fuels cheap stock surge 

NEW YORK: A long period of underperformance for value stocks has frustrated Mike Mullaney, whose firm's investing style is "all value, all the time." One low point came when Mullaney noticed competing funds in the value space buying up big technology and other momentum stocks - regarded as the antithesis …

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China data points to strong Q4 despite slowdown risks

China data points to strong Q4 despite slowdown risks

(ATF) China's industrial output surged 6.9% in October from a year earlier, expanding for the seventh straight month as the world’s second largest economy shook off the impact of the coronavirus pandemic on its labour market and services sector. Analysts polled by Reuters had expected industrial output growth to have …

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China passes consumption test with flying colours

China passes consumer test with flying colours

(ATF) Millions across China stocked up their online shopping carts in a race to snag the best deals on Singles Day – an annual shopping extravaganza that takes place on November 11 each year. Popularised by Alibaba Group Holdings as the “11.11 Global Shopping event”, Singles Day is the world’s …

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China pushes 'inclusive finance' and insurance to reduce poverty

China pushes 'inclusive finance' and insurance to reduce poverty

(ATF) In a major move as China ploughs into its next development stage, top officials are pushing finance and insurance resources toward rural areas, partly so China’s rural population doesn’t get left behind in the race to the future. Chen Yuanhao, head of the Poverty Alleviation and Coordination Division, which …

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