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Tag Archives: Hong Kong

All the Way to the Top: Industrial Policy, Innovation, and Sustained Growth

By Reda Cherif and Fuad Hasanov The odds of poor or middle-income countries achieving the stardom of the “Asian Miracles” within a generation or two, or even three, are small. Between 1960 and 2014, only 16 developing economies worldwide were able to vault into high-income status, and many of those were fortunate enough to have discovered oil or join the European Union. The “miracles”—such as Hong Kong SAR, Korea, and Singapore—as well as Japan, Germany, and the United States before them,...

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Getting up to monetary mischief

By Harcourt Romanticist [source] This post is dedicated to the protesters in Hong Kong. I am awed at how courageous they have been in the face of continuing pressure from China's Communist party. The same regime is complicit in persecuting Uighur Muslims and imprisoning two Canadians, Michael Spavor and Michael Kovrig. There are all sorts of creative forms of non-violent mischief that citizens can use to protest against oppressive governments. This post explores a sub-category of non-violent...

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China Deepens Global Finance Links as It Joins Benchmark Indexes

By Sally Chen, Dimitris Drakopoulos, and Rohit Goel 中文, 日本語 China is embarking on the next stage of its integration into global financial markets. It is a stage that is likely to see a fresh flood of overseas investment, improved liquidity, better governance, and a broader range of instruments. The catalyst: inclusion of Chinese stocks and bonds in a larger number of global financial-market indexes. As Chinese securities are added, investment managers who seek to match or surpass the...

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Countries in the IMF Financial Spotlight in 2019

By IMFBlog In 2019, the IMF will complete 14 assessments under the Financial Sector Assessment Program (FSAP). Eight of this year’s assessments are mandatory: Australia, Austria, Canada, France, Italy, Poland, Singapore, and Switzerland. The other six are voluntary: Algeria, Bahamas, Kuwait, FYR Macedonia, Malta, and Thailand. The FSAP is an in-depth analysis of a country’s financial sector. It serves as the principal tool for assessing countries’ financial stability. The IMF conducts about...

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For The First Time Ever, The “1%” Own More Than Half The World’s Wealth: The Stunning Chart

Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what has become the single biggest reason for the recent “anti-establishment” revulsion: an unprecedented concentration of wealth among a handful of people, as shown in Swiss bank’s infamous global wealth pyramid, an arrangement which as observed by the “shocking” political backlash of the past year, suggests that the lower...

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Central Banks Buying Stocks Have Rigged US Stock Market Beyond Recovery

 The following article by David Haggith was first published on The Great Recession Blog: US Federal Reserve Eccles Building - Click to enlarge Central banks buying stocks are effectively nationalizing US corporations just to maintain the illusion that their “recovery” plan is working because they have become the banks that are too big to fail. At first, their novel entry into the stock market was only intended to...

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Who Wins and Who Loses As China Rebalances

By Serkan Arslanalp, Thomas Helbling, Jaewoo Lee, and Koshy Mathai Version in 中文  (Chinese) China’s economy leaves nobody indifferent. The world is watching closely as the second largest economy in the world is shifting its growth model from an export-driven one to one centered on household consumption. As China’s economy slows and rebalances, its impact is being felt on an already fragile global economy, and particularly in the rest of the Asia region. Our recent studies show that while...

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With Tech Tanking, Can Anything Save The System?

Nice sentence: Tears won’t be confined to Wall Street however: let’s not forget that none other than the Swiss National Bank is also long some 10.4 million shares of AAPL. First it was the banks reporting horrendous numbers — largely, we were told, because of their exposure to recently-cratered energy companies. Now it’s Big Tech, which is a much harder thing to explain. The FAANGs (Facebook, Apple, Amazon, Netflix and Google) own their niches and not so long ago were expected to...

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The Chinese Yuan Countdown Is On

Submitted by SaxoBank's Dembik Christopher via TradingFloor.com, Currency stability is a prerequisite for China's economic transition Defending the yuan is prohibitively expensive – China cannot beat the market Progressive devaluation managed by PBoC is the most probable scenario for 2016 Remember that the country is on the capitalism learning curve Exchange rates will inevitably be a key discussion point at Shanghai G20 China has moved from being a net importer to a net exporter of...

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The Chinese Yuan Countdown Is On

Submitted by SaxoBank's Dembik Christopher via TradingFloor.com, Currency stability is a prerequisite for China's economic transition Defending the yuan is prohibitively expensive – China cannot beat the market Progressive devaluation managed by PBoC is the most probable scenario for 2016 Remember that the country is on the capitalism learning curve Exchange rates will inevitably be a key...

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