News Analysis The Nasdaq Golden Dragon China Index fell for eight straight sessions—the longest losing streak in over a year—amid heightened tension between the United States and China. Meanwhile, threatened by the U.S. Holding Foreign Companies Accountable Act, Chinese companies have shifted large chunks of equity to Hong Kong. The Nasdaq Golden Dragon China Index,…
ANALYSIS: Nasdaq Golden Dragon Index Plunges as China Concept Stocks Retreat to Hong Kong
May 4, 2023
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Business & MarketsChinaChina Business & EconomyChina Concept Stocksgary genslerHK BusinessHong KongJanet YellenMarketsNasdaq Gold Dragon China IndexThe Holding Foreign Companies Accountable ActTsai Ing-wenUS-China relations
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What Does Money Say About Recession?
Commentary Both the Federal Reserve and the European Central Bank should have just raised their policy rates while the recession is coming near to the brink. According to a model prediction from a ten-year less three-month tenor Treasury yield gap, the implied U.S. recession probability by yearend already stands at 65 percent, reaching the second…
Is Hong Kong Serving Russia American Chips?
Twelve companies from mainland China or Hong Kong will be officially included in the U.S. sanctions list on April 17. At the same time, the media revealed that a Hong Kong company exported many electronic chips to Russia but has not yet been sanctioned. Some experts believe that there is not much difference between Hong…
Why Can’t Inflation Escape the Fate of the Mid-1970s?
Commentary As the first round of the banking crisis fades, the market is refocusing on inflation and interest rate hike. Although U.S. inflation did come down, whether measured by consumer price index (CPI) or personal consumption expenditure (PCE), the year-over-year (YoY) downtrend was slow, and the month-over-month (MoM) decline was not persistent. For other advanced…
China Sees Wave of Large Private Companies Broken Up, Listed on Stock Exchanges
April 6, 2023
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AlibabaAlibaba's IPOAsia & PacificBusiness & MarketsChinaChina Business & EconomyChina's economic policieschinese economic downturnChinese RegimeHK BusinessHong KongHong Kong Stock Exchangeinitial public offeringJack MaJD.comjingdongMarketsNYSErecessionSocial Issuesstocksthe New York Stock ExchangeUS-China relationsWorld
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AlibabaAlibaba's IPOAsia & PacificBusiness & MarketsChinaChina Business & EconomyChina's economic policieschinese economic downturnChinese RegimeHK BusinessHong KongHong Kong Stock Exchangeinitial public offeringJack MaJD.comjingdongMarketsNYSErecessionSocial Issuesstocksthe New York Stock ExchangeUS-China relationsWorld
Several large Chinese companies have recently been restructured for listing on the stock exchange, with most of them privately owned. Days after Alibaba’s restructuring was announced, Jingdong (JD.com), another Chinese e-commerce platform, announced on March 30 that its sub-companies JD Industrial and JD Production and Development will be spun off and listed on the Hong…
Hong Kong Remains the World’s Most Unaffordable City for Housing
On March 21, the International Housing Affordability report released by Demographia, an international public policy consultancy, showed that Hong Kong topped the list of the world’s most unaffordable cities for housing for the 12th consecutive year, based on the median house price divided by the median household income. Hong Kong’s house price to income level…
Thousands Evacuated as Fire Hits Warehouse in Crowded Hong Kong District
HONG KONG—About 3,600 people were evacuated from buildings in Hong Kong’s crowded Kowloon district on Friday as firefighters battled a blaze in a warehouse. There were no reports of casualties and the fire was put out in the evening five hours after it began in what is one of the world’s most densley populated areas….
HK Q4 GDP Contracts 4.2% YOY, With Import and Export Trade a Major Drag
On March 20, the Census and Statistics Department (C&SD) of Hong Kong released the preliminary year-on-year net Gross Domestic Product (GDP) figures by economic activity for the fourth quarter of 2022 and the whole year of 2022. According to the preliminary figures, overall GDP decreased by 4.2 percent year-on-year in the fourth quarter of 2022,…
Treasury Holdings by China Is More an Economic Decision Than Political
March 22, 2023
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Business & MarketsBusiness ColumnistsChinaHK BusinessHong Kongmainland ChinaOpinionThinking About Chinaus treasuryViewpoints
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Commentary One of the recent news warnings about the status of the U.S. dollar was the continuing slash of U.S. Treasury securities holdings by mainland China. It’s latest holding in January was US$859.4 billion, a year-over-year drop of 17 percent compared with that of US$1,033.8 billion in January 2022. Seventeen percent is undoubtedly a significant…
Bank Failures and Recession Ahead
Commentary While the market was surprised by the stronger-than-expected U.S. economic data like jobs, the Purchasing Managers’ Index (PMI), and CPI, a run on the Silicon Valley Bank occurred resulted in its collapse. Ironically, some analysts were recommending banking stocks based on their interest rate hike argument. It turns out that the prices of these…
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