Shanghai needs bigger ideas to be a global hub

February 1, 2012

The Chinese city has outlined ambitious plans to build a global yuan trading centre by 2015. But key reforms are missing. Without freer capital flows, exchange rate flexibility, and a more open financial regime, Shanghai’s markets can be huge, but not really international.

Taiwan financial pact more thunder than rain

November 10, 2009

Investors have been waiting for a long-delayed financial pact between China and Taiwan, which could be signed as early as this week. But don’t expect a flood of activity, as there are still plenty of hidden barriers.