English
Français
Deutsch
Italiano
Português
Русский
Español
ไทย
Türkçe
简体中文
日本語
한국어
हिन्दी
Week in Review
- Alibaba’s leadership reshuffle went into effect on Monday as Joe Tsai became Executive Charman and Eddie Wu became CEO while it was announced that former CEO Daniel Zhang would run the company’s new technology fund instead of the cloud division.
- It was a positive and busy week for August China economic releases as the country reported a return to slight inflation from a short stint of slight deflation, retail sales and industrial production both beat estimates, and credit data indicated an expansion of lending.
- Shenzhen became the latest Chinese city to allow trials of autonomous vehicles and robo-taxis.
- China’s central bank cut banks reserve requirement ratio (RRR) by 0.25%, in the latest easing move to support the economy.
Key News
Asian equities ended a positive week higher on strong volume driven by FTSE Russell’s index rebalance today, except for Mainland China, which pared morning gains to close lower.
The Mainland’s move lower was despite yesterday’s lowering of banks’ reserve requirement ratio (RRR) from 10.75% to 10.50%, which will allow more lending. Today, we also saw the People’s Bank of China (PBOC) injecting liquidity into the financial system and China released better-than-expected economic data for August.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
