BlackRock


Biden’s Treasury deputy nominee urges tough line on China

Biden's Treasury deputy nominee urges tough line on China

(ATF) Wally Adeyemo, Biden’s nominee as deputy Treasury secretary, said on Tuesday February 23 that the US should work with allies to hold China accountable to international rules and ensure a level playing field for corporations.“China is our top strategic competitor,” Adeyemo told a confirmation hearing by the Senate finance …

Continue reading

Asia could be next as Reddit squeeze on hedge-fund shorts goes global

Asia could be next as Reddit squeeze on hedge fund shorts goes global

(ATF) Retail traders who take a cue from Reddit’s “Wallstreetbets” thread made further gains against short-selling hedge funds Citron and Melvin on Wednesday January 27, but US regulators may clamp down on trading posts on social media.The success of this week’s retail assault on short positions in GameStop has prompted …

Continue reading

BlackRock hangs up on China Telecom after US ban 

BlackRock hangs up on China Telecom after US ban 

BlackRock has sold almost all its stake in China Telecom, a company subject to a new ban on US investment.The move comes as US investors scramble to exit stocks subject to the sanctions, which ban Americans from owning companies deemed to have links with China's military.The world's biggest asset manager …

Continue reading

SoFi $8.65-billion deal could kickstart fintech SPAC flow

SoFi $8.65-billion deal could kickstart fintech SPAC flow

(ATF) US online lender SoFI is going public via a merger with a special purpose acquisition company (SPAC) in a deal that values the fintech firm at $8.65 billion. The hefty price tag could encourage other SPAC deals in the fintech space, where Asian firms are market leaders.SoFi has seen …

Continue reading

Biden’s BlackRock economic picks bring China links

Biden’s BlackRock economic picks bring China links

(ATF) President-elect Joe Biden has now selected the top economic advisers for his administration and two of his picks recently worked for BlackRock, the world’s biggest asset manager, with $7.8 trillion under management.BlackRock has been pushing hard to increase its presence in China with significant investments in real estate and …

Continue reading

China-US market ties likely to deepen regardless of election

China-US market ties likely to deepen regardless of election

As the world awaited definitive results from the US presidential election, Chinese investors betting on the re-election of Donald Trump sent shares of a Shenzhen-listed air traffic control software firm soaring on Wednesday.Wisesoft Co Ltd, whose Chinese name sounds like "Trump's big win", saw its shares jump as much as …

Continue reading

BlackRock rewarded for commitment to work in China

BlackRock rewarded for commitment to work in China

(ATF) Despite the continuing US-China tensions and Covid-19 pandemic uncertainties, the world’s largest asset manager, BlackRock, is looking to double down on its asset management business in China. BlackRock’s interest in China’s asset management market mirrors that of many of its global peers. Global managers are eager to tap China …

Continue reading