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Asia Pacific Financial News from John Lothian News – December 6, 2017 Standard

Lead Stories ASX selects distributed ledger technology to replace CHESS Reuters Staff Australia’s main bourse ASX Ltd on Thursday said it would replace its existing technology used to record shareholdings and manage the clearing and settlement of equity transactions in Australia, with blockchain developed by its technology partner Digital Asset (DA). https://goo.gl/K4CaCG ASX Selects DLT to Replace CHESS – Media Release 7 December 2017 ASX https://goo.gl/by7MVW China’s financial sector opening raises prospect of talent war Sumeet Chatterjee – Reuters In the last two years, more than 30 global asset managers have been awarded licences to set up wholly-owned units in…

Asia Pacific Financial News from John Lothian – December 5, 2017 Standard

Lead Stories Trump’s Tax Plan Triggers Ire From China to the EU By Mark Deen , Birgit Jennen , and Viktoria Dendrinou – Bloomberg European Union finance ministers to review U.S. legislation Concern that tax cut could violate global trade, tax rules As legislators in Washington work to get the most sweeping rewrite of the U.S. tax code in three decades, regions including the European Union and China are expressing their concern that the bill may not comply with international rules and frustration about the effect it may have on local markets. https://goo.gl/2dx6Ee Tokyo Financial Exchange Takes First Step Toward…

Asia Pacific Financial News from John Lothian News – December 4, 2017 Standard

Lead Stories Asia To Stay World’s Fastest-Growing Region Through 2030; Asia should remain the world’s economic heavyweight for another 10 years. By Anthony Fensom – The Diplomat The global economy is continuing its gradual recovery from the financial crisis, with the latest data pointing to a broad-based pickup. However, longer term Asia is seen maintaining its position as the fastest-growing region, with China and India leading the charge. https://goo.gl/ezD1pP China Likely to Overtake U.S. as Largest Importer Within 5 Years; Shift to a more consumer-focused economy causing the change, CICC researchers say Bloomberg News From iron ore to baby formula,…

Asia Pacific Financial News from John Lothian News – December 1, 2017 Standard

Lead Stories Trump puts talks to boost China economic ties on ice; Treasury’s David Malpass says Beijing is not liberalising economy as hoped Sam Fleming in New York and Shawn Donnan in Washington – FT Donald Trump’s administration has put its main programme for bolstering economic relations with China on ice as it complains about the two countries’ swollen trade imbalance, and says Beijing’s efforts to liberalise its economy have gone into reverse. https://goo.gl/mgZrfy   What’s in Asia’s New Anti-Terror Financing Group?; A recently formed working group is just the latest step taken by regional states to confront terrorism financing….

Asia Pacific Financial News from John Lothian News – November 30, 2017 Standard

Lead Stories Australian Banks’ U-Turn on Misconduct Probe Is Bid to Cut Risk By Emily Cadman – Bloomberg Government sets up Royal Commission into alleged failings; Tight deadlines, strict terms may limit potential damage If you can’t beat ’em, join ’em. That’s the calculation Australia’s biggest banks and the government have made in deciding to cave in to pressure for a public inquiry into alleged misconduct in the financial industry. https://goo.gl/dqg9pn Is China’s Central Bank Losing Its Monetary-Policy Mojo?; The gap between policy and market interest rates is widening, throwing up challenges for the PBOC By Shen Hong – WSJ…

Asia Pacific Financial News from John Lothian News – November 29, 2017 Standard

Lead Stories India Restores Faith in Capitalism; Handling bankruptcies right is key to reviving the credibility of India Inc. By Mihir Sharma – Bloomberg According to one of India’s most respected bankers, it’s a once-in-a-lifetime opportunity — a mammoth sale of distressed assets, some $40 billion in the first round. Much could go wrong, of course, especially given that so many powerful interests have so much money at stake in the process. Fortunately, Prime Minister Narendra Modi’s government, which has stumbled in some of its biggest policy moves recently, appears to be handling this particular challenge with both agility and…

Asia Pacific Financial News from John Lothian News – November 28, 2017 Standard

Lead Stories Banks invited to work on Great Wall’s $2bn Hong Kong float; Asset management company tasked with cleaning up China’s bad debt plans IPO for 2018 Don Weinland in Hong Kong – FT China Great Wall Asset Management has asked banks to pitch for work on a Hong Kong initial public offering that is expected to raise at least $2bn for the company tasked with cleaning up China’s bad debt. https://goo.gl/CkHtMW Behind Abe’s Biggest Reform Win, Old Japan Inc. Culture Lives On By Keiko Ujikane and Takako Taniguchi – Bloomberg Some stock buybacks are linked to companies’ foundations; ‘Isn’t…

Asia Pacific Financial News from John Lothian New – November 27, 2017 Standard

Lead Stories Time for ‘Asia-first’ thinking as the US and Europe question financial regulations South China Morning Post Andrew Sheng says that Asian economies should take a hint from ‘America first’, plus European doubts over Basel III, and tailor financial regulations to meet regional realities rather than believing that ‘West is best’ https://goo.gl/gzU4mF Brussels rattled as China reaches out to eastern Europe; Concerns Beijing’s closer ties with EU’s poorer nations will influence bloc’s policies James Kynge in London and Michael Peel in Brussels – FT In Hungary it is hailed as the “Eastward Opening”. Serbian authorities see it as the…

Asia Pacific Financial News from John Lothian News – November 22, 2017 Standard

Lead Stories Asian American Executives Are Missing on Wall Street; The group makes up less than 15 percent of upper management at four of the biggest U.S. banks Laura Colby – Bloomberg Asian Americans get hired at a much higher rate than their proportion of the general U.S. population but that doesn’t mean they’re climbing the executive ranks at the same pace. Across corporate America, Asians make up 12 percent of professionals and 5 percent of executives, according to Equal Opportunity Commission data. In finance, four of the biggest U.S. banks have less than 15 percent of their Asian workforce…