Daisy Wu
11 article(s) here · 1 carrying a prediction
🔮 The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the one-month Hong Kong interbank offered rate.
🔮 Beijing could leverage the yuan’s low interest rate to increase the currency’s worldwide use, an expert says
The 10-year US Treasury yield was 5.22 per cent on Thursday, compared with 1.69 per cent for Chinese government bonds on their first trading day after the National Day holiday – a gap of about 3.5 percentage points, compared with a record 3.7 percentage points on September 9.
Jiang Zhenlong, an associate research fellow at the Chinese Academy of Social Sciences’ Institute of Finance and Banking, argued that higher US yields weaken the appeal of yuan assets and add pressure on the exchange rate and capital flows, but also raise dollar funding costs.
🔮 Zou, a former vice-minister of finance in China, said member states increasingly viewed modern infrastructure as a “force of transformation” that could strengthen their economies over the long term rather than simply as physical assets.
🔮 Chinese regulators push patient capital, reshape US$4.5 trillion mutual fund industry towards long-term holdings as foreign investors weigh risks against thin IPO pipelines
China is betting that patient capital, rather than quick trades, will define its next phase of growth – a wager that has taken on new resonance since Warren Buffett stepped down last week after growing Berkshire Hathaway into a US$1 trillion empire over six decades.
🔮 The local exchange is set to study looser listing rules – including adjusted market-capitalisation thresholds – for technology companies of “strategic importance” while broadening secondary listing channels by adding the Kazakhstan Stock Exchange to its recognised-bourse list.
🔮 Brokerages will be required to establish clawback mechanisms to recover bonuses and performance pay from employees who violate ethical standards or regulatory rules.
🔮 Based in Shanghai, she will oversee institutional sales coverage across rates, spread products, foreign exchange, commodities and equity derivatives.
🔮 “There will not be any cap to it,” Yue said, adding that the facility’s quota could be expanded as demand increased and existing capacity was well used.
🔮 Bank beats forecast with HK$23.74 billion profit, helped by reduced credit costs and stronger fee income from wealth and insurance
Profit attributable to shareholders came to HK$23.74 billion (US$3 billion) for the six months to June 30, or HK$2.2453 per share, according to a stock exchange filing on Friday.
Also by Daisy Wu
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The Aporia
