Asia Links

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Asia Links
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Asia Links

Friday, November 5

Nov 4, 2021
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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)

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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

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