How China Pressured MSCI to Add Its Market to Major Benchmark

The move raises questions about the independence of MSCI as the index giant wields increasing market power. Last summer, the world’s largest index provider added stocks in China to one of its most prominent global benchmarks, leading billions of dollars to flow into Chinese shares and advancing China’s plans to draw more foreign investors toRead More

China’s looming great wall of debt may have ‘major global implications’

While many countries struggled following the 2008 global financial crisis, China appeared as though it had largely escaped unscathed. Key points: China’s rising levels of debt mostly attributed to a “credit boom” post GFC Many large infrastructures are struggling to generate positive revenue Chinese local government debt has been called an “iceberg” with “titanic risks”Read More

Stocks in Asia trade higher after US and China postpone tariff escalation

Stocks in China, Hong Kong, Australia, Japan and South Korea gained in morning trade. The Caixin Manufacturing PMI for November came in slightly above expectations, growing marginally from October. Over the weekend, Chinese President Xi Jinping and U.S. President Donald Trump agreed to a temporary pause on escalating the ongoing trade war between the twoRead More

China’s small businesses are having a hard time getting bank loans

China’s battle to cut debt in its economy has dealt a blow to smaller companies, according to French trade credit insurer Coface. They have traditionally been at a disadvantage in getting loans compared with big, state-owned companies, and top officials are acknowledging their plight. Small businesses account for the majority of companies in China andRead More

Wall Street’s $62 trillion China dream inches toward reality

Chinese President Xi Jinping said in a speech last week that the country was “steadily widening the opening up” of its financial industry. For China watchers, steadily was the key word. Almost exactly a year after the country announced historic plans to ease local ownership rules and entry barriers to what’s now a $US45 trillionRead More