Looking ahead to China in 2022, many wealth managers could not help but hold their breath. Between slowing global demand, rising inflation and the Omicron coronavirus variant doing its worst, the pragmatic take seems to be caution — or even reducing exposure to Asia’s largest economy. Yet three recent events could make China a surprise bright spot for private bank […]

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When a central bank unexpectedly unveils easing measures, markets often jump to one of two conclusions. One is relief that policymakers are staying on top of risks. The other is: “What do they know that we don’t?” The 6 December move by the People’s Bank of China (PBoC) — cutting the reserve requirement ratio (RRR) by 50 bps to ease […]

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Ant Group pulled its US$37 billion IPO hours before it was set to become the world’s largest listing, sending ripples in global markets, once again exposed to the vagaries of the Chinese regulatory system. The Chinese financial behemoth Tuesday said it won’t proceed with the H-shares IPO and listing. Ant added that it was notified by Chinese regulators that its […]

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Yi Gang, Governor of the People’s Bank of China (PBoC), provided a framework last Thursday at the Lujiazui Forum on how financial institutions could achieve the letting go of RMB 1.5 trillion of profits in order to support the country’s COVID-19 disrupted economy. Yi’s speech follows Premier Li Keqiang’s suggestion in May, in his annual work report for the National […]

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