Peter's Feed
Oct 26, 2015
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Be careful what you wish for from China reforms

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Investors ought to be careful what they wish for from China’s reform drive. As the ruling Communist Party’s leaders meet to debate their 13th five-year plan for the country’s economy, the role of market forces is bound to come to the fore again. Yet even small signs of greater liberalisation can be enough to send markets into a spin.

Oct 15, 2015
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Hong Kong IPOs leaning too heavily on cornerstones

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

In construction, the cornerstone is an all-important component of a new building. In capital markets, it’s an investor that helps support the value of a company before its initial public offering. In Hong Kong, these cornerstones are bearing too much of the load and undermining the foundation of the local stock market.

Oct 15, 2015
via Breakingviews

Hong Kong IPOs leaning too heavily on cornerstones

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

In construction, the cornerstone is an all-important component of a new building. In capital markets, it’s an investor that helps support the value of a company before its initial public offering. In Hong Kong, these cornerstones are bearing too much of the load and undermining the foundation of the local stock market.

Oct 9, 2015
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China’s campaign to stabilise yuan comes at a cost

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China has reimposed stability on the yuan – at a price. Almost two months after the central bank shocked global markets with a mini-devaluation of its currency, calm has returned. Yet the promise of letting market forces play a greater role in setting the exchange rate remains distant.

Oct 8, 2015
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Li Ka-shing concession gives investors power boost

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Li Ka-shing’s small concession to investors may give them a big power boost. The Asian tycoon’s Cheung Kong Infrastructure unit has slightly sweetened its offer for the 61 percent of affiliate Power Assets it doesn’t own to HK$96 billion ($12.4 billion). Though the move is designed to pre-empt a possible public showdown with minority shareholders, it could embolden them in the future.

Oct 5, 2015
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Overseas investors fire warning at China Inc

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Institutional investors are finally standing up to corporate China. Two recent shareholder votes in Hong Kong suggest money managers are becoming less tolerant of sloppy governance. Though there’s a long way to go, Chinese companies used to silent acquiescence from foreign investors may be in for a surprise.

Oct 5, 2015
via Breakingviews

Overseas investors fire warning at China Inc

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Institutional investors are finally standing up to corporate China. Two recent shareholder votes in Hong Kong suggest money managers are becoming less tolerant of sloppy governance. Though there’s a long way to go, Chinese companies used to silent acquiescence from foreign investors may be in for a surprise.

Oct 1, 2015
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New ANZ boss stuck in strategic mid-ocean

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Mike Smith is turning over the helm of Australia and New Zealand Banking Group in strategic mid-ocean. The $55 billion lender’s departing boss spent eight years trying to beef up its operations in Asia, with mixed results. Yet a slowing economy and tightening regulation at home mean successor Shayne Elliott has little option but to keep the same course.

Oct 1, 2015
via Breakingviews

New ANZ boss stuck in strategic mid-ocean

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Mike Smith is turning over the helm of Australia and New Zealand Banking Group in strategic mid-ocean. The $55 billion lender’s departing boss spent eight years trying to beef up its operations in Asia, with mixed results. Yet a slowing economy and tightening regulation at home mean successor Shayne Elliott has little option but to keep the same course.

Sep 30, 2015
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China criticism makes even Li Ka-shing defensive

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s economic slowdown has put even Li Ka-shing on the defensive. The Hong Kong tycoon has rejected accusations that he is turning his back on the mainland. Yet the fact that he felt the need to go public and explain his position highlights the increasingly uncertain terrain facing businesses operating in the People’s Republic.

    • About Peter

      "Peter is Asia Editor of Reuters Breakingviews, based in Hong Kong. He oversees coverage of financial services and regulation. Prior to joining Reuters, Peter spent 10 years at the Financial Times. From 2004 to 2009 he was the FT’s banking editor, leading award-winning coverage of global banking during the credit crunch. Between 2000 and 2004 Peter reported for the FT from New York. He played a leading role in the paper’s coverage of the 9/11 attacks. Follow Peter on Twitter @Peter_TL"
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