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Evergrande crisis causing US$10 billion in pension, investor losses, says German researcher

November 18, 2021

BERLIN -- The Evergrande default and the China real estate crisis are currently causing around US$10 billion in losses at the 10 largest pension and investment funds specialising in Asia, with the largest Evergrande bond exposure of around US$1.2 billion, according to a new DMSA study just published.

Taiwan in talks to deepen partnership with Europe

November 4, 2021

Taiwan was committed to deepening its partnership with Europe while safeguarding freedom and democracy for the people of both sides, President Tsai Ing-wen told a seven-member delegation of EP lawmakers led by Raphael Glucksmann of France, chair of the EP Special Committee on Foreign Interference in all Democratic Processes in the European Union, including Disinformation (INGE).

Airport Authority HK revised down to 'bbb' on protracted traffic recovery

November 22, 2021

HONG KONG -- The negative impact of the COVID-19 pandemic on passenger travel will likely weigh on Airport Authority Hong Kong's (AAHK) revenue and leverage over the next 12-24 months, according to ratings agency Standarfd and Poors.  It says AAHK's passenger traffic recovery will lag behind global peers due to the HKSAR's sustained stringent quarantine measures and the absence of domestic flight operations.

US invites Taiwan to talkfest on democracy

November 26, 2021

TAIPEI - US President Joe Biden has issued an invitation to Taiwan to participate in the Summit for Democracy, a virtual event to take place on December 9 to 10. The event will brings together leaders of government, civil society and the private sector from more than 100 countries and territories to discuss issues such as resisting authoritarianism, fighting corruption and promoting human rights.

China well ahead in global EV battery market race

November 19, 2021

HONG KONG -- While Asia dominates car battery production, China dominates the supply chain in terms of EV battery components, according to the global financial group, Natixis. "Most EV battery components are currently produced by the three Asian battery powerhouses (China, South Korea and Japan), but China's leading role in the "underneath" components is more obvious than EV battery supply." Natixis says.

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