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HKEX extends RMB Currency Futures offerings as volume grows

June 7, 2017

HONG KONG – HKEX is extending is after-hours trading of its RMB Currency Futures from July 10, opening at 8.30.am rather than 9.am, with the second session concluding at 1.am rather than 11.45.pm  A second tier to the HKEX money marker programme for its RMB Currency Futures will be introduced from the same date, with the programme then comprising both primary and secondary markers.

Disruption both an opportunity and a potential threat say Asian businesses

June 7, 2017

SINGAPORE  – Disruption could be an opportunity for businesses, say 78% of Asian businesses, according to a new survey by Thomson Reuters.  At the same time, at 51%, Asia recorded the highest proportion of respondents who said technology disrupters could be a direct threat to their business model, with 42% of European and 47 % American businesses saying likewise.

Concerns over growth, debt pressure China’s credit ratings: Coface

June 6, 2017

HONG KONG – The world will most likely witness another year of “muddling through” in China, with mounting risks as the authorities continue to try to strike a balance between restructuring and growth, says Coface. The global credit insurer says its projections show that growth will slow over the remainder of 2017.

Chinese authorities will have a delicate balancing act between tightening liquidity and sustaining growth, it says, pointing out that after registering a stronger-than-expected performance in Q1 2017, the Chinese economy has started to show signs of moderation.

Indian banks' poor performance to persist in fiscal 2018: S&P

June 1, 2017

SINGAPORE - Indian banks' credit profiles are unlikely to improve over the next 12 months, according to S&P Global Ratings. "We estimate that the banking sector's total stressed assets will increase to 13%-15% of total loans by the end of March 2018," says S&P Global Ratings credit analyst Deepali Seth Chhabria. "India's public sector banks, which dominate the industry, will account for most of this weakness.

China’s Kunlun Tech buys out gay dating app Grindr

May 25, 2017

BEIJING - A Beijing-based video gamemaker has bought out popular U.S. gay social networking app Grindr four months after purchasing a controlling stake in the company, according to a regulatory filing reported by Caixin. After paying about US$93 million for 61.53% of Grindr in January, Beijing Kunlun Tech Co. Ltd. will pay another US$ 152 million for the remaining 38.47%, the Chinese company said in a statement to the Shenzhen stock exchange.

RMB internationalisation moving backwards, says Natixis

May 26, 2017

HONG KONG - RMB internationalisation, which was high on the Chinese Government’s priorities, is moving backwards, according to the NATIXIS RMB Internationalization Monitor , which evaluates the four different uses of RMB as an international currency, both in the private and official domain.

These are 1) Medium of exchange; 2) Store of value; 3) Unit of account and; 4) Standard of deferred payment.

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