Asia Links

Wednesday, November 3

Good morning, and welcome to Wednesday’s Asia Links

The Dow closes above 36,000 for the first time (WSJ)

COP 26

• Banks’ green  pledges under increased scrutiny (FT)

• The World Bank Group has published its Climate Change Action plan for 2021-2025 (World Bank)

• ADB partners pledge $665m for Green recovery in ASEAN, hopes to mobilise $7 billion in private financing (ADB)

• ADB plan to buy and phase out coal-fired power stations is badly thought out and an invitation to greenwashing, critics say (SCMP)

• Blackrock raises $673m for climate-focused infrastructure fund (Reuters)

• China optimistic on global carbon market deal (Reuters)

• Wonkery: Weaponising the IMF’s Special Drawing Rights to finance the fight against climate change (VoxEU)

China urges families to stock up on essential supplies as covid controls are tightened (FT, BBC, SCMP)

Global investors turn cautiously optimistic that China’s regulatory assault is tapering (FT)

HSBC wins case against former client who accused the bank of front-running the market (Bloomberg)

Biden nominates Saule Omarova, an academic and critic of big banks, to serve as Comptroller of the Currency (WSJ)

Bloomberg says the supply chain crunch is putting economic recovery at risk (Bloomberg)

China makes it a crime to mock heroes (NY Times)

Australia’s Reserve Bank tightens policy in face of rising prices (FT)

Australia’s CBA offers in-App crypto trading (Reuters)

South Korea’s entertainment industry generated $107 billion in revenues in 2019 (FT)

Suspected ISIS suicide bombers attack Kabul hospital, killing 20 (BBC)

New Zealand’s fastest-growing company, the education app Kami, gives it’s employees a NZ$10,000 bonus (Guardian)

Oxford University’s Linacre College to rename itself Thao College after $211m donation from Vietnam’s richest woman (BBC)

And finally: Toxic positivity is very real, and very very annoying (WSJ)