South Korea’s regulator will launch a wider probe into local banks and brokers that sold exotic notes linked to Chinese stocks amid concerns that the securities may saddle investors with heavy losses.Authorities will start investigating 12 institutions on Monday to determine if there was any...
This is not to suggest that all our problems can solved by bowing down and asking forgiveness from a divine creator for our sins and presumption. But respect for a creator or entity greater than ourselves can unleash enormous positive energy.This was brought home to...
China’s economic performance over the last year has been disappointing, so much so that some observers argue that growth has already peaked and that it is all downhill from here. But it is far too soon to write off China’s economic resilience.As 2023 began, the...
China’s best-performing mutual fund of 2023 sees more gains in the volatile corner of the market where it derived enough upside to beat its more than 7,000 competitors last year.The fund, whose mandate requires it to invest at least 80 per cent of its equity...
Just a third of Chinese carmakers met their annual sales goal in 2023 as competition in the world’s largest car market heats up.Only four of the 13 brands that have disclosed annual sales figures accomplished their targets, led by electric vehicle maker Li Auto, which...
For Hong Kong designer Nelson Chow, a disciplined approach drives both his career and financial successReal estate, vintage watches, artworks and sculptures – these are among the items that architect and interior designer Nelson Chow would buy if given HK$8 million (about US$1 million) to...
The government will not be rolling out any commercial sites for sale either because of high vacancy rates, she added.Only one plot, an industrial site in Yuen Long, will be put up for tender, Linn said. The 3.2 hectare site has been earmarked for the...
Yet, it is the performance of emerging-market equities that is more striking. The MSCI Emerging Markets ex China Index, which monitors stocks in developing economies other than China, surged 17 per cent last year despite mounting concerns about China’s economy.What is more, the assets held...
Myth 1: Interest rates will fall. This is a myth because the US Federal Reserve has no reason to cut rates. The current US economy displays interest rates, inflation, growth and unemployment all around 3-5 per cent, making lower rates unnecessary. Higher rates are...
China’s local government financing vehicles (LGFV) need to pay back a record amount of maturing local bonds this year, testing the limits of a central government program to help them refinance their debt and avoid default.The nation’s LGFVs — the companies that borrow on behalf...