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China trims rate, with more cuts to come, says ANZ

November 5, 2019

SHANGHAI - China's 0.5% cut in its medium-term lending facility (MLF) today will likely lead to similar adjustments in the targetted medium-term lending facility (TMLF) rate, the reverse repo rate and the loan prime rate (LPR), according to ANZ Bank, which in a research note says it believes the People's Bank of China (PBoC) will maintain the same spreads as it did in the past two years.

China’s Ministry of Education to revamp undergraduate studies

November 4, 2019

BEIJING  China's Ministry of Education has called for a three-year revamp of the higher education system, aiming to devote vast resources to undergraduate studies, including the expertise of those who are part of the Thousand Talents Programme, a Government-backed project which seeks to recruit scientific talent from foreign countries to work in China.

South Korea’s inflation out of contraction territory

November 1, 2019

SEOUL - South Korea's headline inflation returned to zero in October, after slipping into negative territory in September. Slowing food price deflation led the rise, but core inflation also rose to 0.8% y/y.

ANZ Bank says it expects headline inflation to approach 1% in the coming quarters, as high base effects fade.  

"Coupled with signs that economic growth is starting to stabilise, we believe that the Bank of Korea (BoK) will hold its policy rate at 1.25% for a prolonged period," ANZ says.  www.live.anz.com (ATI).  

China to give Macau jurisdiction over Hengqin Port

October 28, 2019

BEIJING - On the eve of a four-day closed session of the Central Committee of the Chinese Communist Party, the Standing Committee of the National People's Congress is reported to have made a policy decision to give Macau jurisdiction over the Macau Port Area of the renovated Hengqin Port, which is located on the mainland-Macau border but is geographically in the mainland.

Thailand, South Korea leaders in new health index, but Asia has significant gaps

October 25, 2019

LONDON - No country is fully prepared for the next epidemic or pandemic, according to the first edition of the Global Health Security Index, released today.  It shows that only 13 of nearly 200 countries score in the top tier, suggesting that most of the world would struggle to deal with a major outbreak of a deadly infectious disease, such as Ebola.

Hong Kong’s mini-budget “small and regressive”: Natixis

October 25, 2019

HONG KONG - A mini-budget announced by the Hong Kong Government, covering a  third round of measures to support an economy battered by ongoing social unrest and the US/China, has been criticised by the banking and finance group Natixis as "small and regressive" given Hong Kong's "extremely difficult situation". The mini-budget covers measures worth just HK$2 billion.

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