Good morning, and welcome to the final Asia Links of the week
Xi Jinping uses CIIE trade show speech to criticize protectionism and unilateralism (People’s Daily, SCMP)
Says China is open to discussion on SOEs in CPTPP trade pact talks (Nikkei Asia)
Credit Suisse to exit prime brokerage after $5.1 bn loss so far this year (FT, WSJ)
China’s top anti-graft agency reveals loans-for-bribes schemes at ICBC (Caixin)
Not out of the woods yet: China property developer unit Kaisa misses payment on WMP (Reuters)
The US trade deficit widened to $81 billion in September (WSJ)
Record $781 bn wiped off the value of Chinese internet companies in 3Q (Caixin)
China’s pension reserves have fallen below a key government threshold in a majority of provinces (Nikkei Asia)
Collective wealth of China’s 100 richest climbs to nearly $1.5 trillion (Forbes)
Mystery of China’s huge dollar surplus baffles global markets (Bloomberg)
Hong Kong discusses gradual re-opening of Shenzhen border (SCMP)
Australia plans migration reboot to address looming worker shortage (Straits Times)
World’s most expensive rents – Hong Kong’s Russell St – are down 80% from the peak 8 years ago (Bloomberg)
Hong Kong’s top court rules against government bid to expand riot prosecutions (Reuters)
The UN global FAO food price index rose 3% in October, now highest since June 2011 (FAO)
(There were food riots in 1974 and 2010)
Climate
Indonesia criticizes ‘unfair’ deal to end deforestation, saying development remains its top priority (FT, BBC)
Bank for International Settlements and HKMA have created platforms to tokenise Green bond issuance (BIS)
Developing nations seek $1.3 trillion a year in climate finance (WSJ)
Why China won’t commit to cutting methane emissions (SCMP)
India, Indonesia and Philippines join coal transition programme (Reuters)
500,000 Koreans aged 10-34 are recluses according to new research (Chosun Ilbo)
The AIIB has published its Asian Infrastructure Finance report – Sustaining global value chains (AIIB)
A summary from AIIB chief economist Erik Berglof (Project Syndicate)
The manufacturer’s dilemma: reshoring and resiliency in a pandemic world (CSIS)
BTS’ music label partners with crypto exchange on K-pop non-fungibles (FT)
Have a good weekend