China and India will be two of the three largest economies in the world by 2025. But Haiyan Wang says the countries have particular forces to harness and barriers to overcome to realize their full potential.
"We are in a land of pure imagination," when it comes to US equities, says Mark Yusko. “We have been on an escalator up and will be taking an elevator down.” Investors need to look to China and other emerging markets for returns.
This work is effectively two books in one: (1) an account of the rise and internationalization of the renminbi and of its prospects for continued ascendancy over the near term and the medium term and (2) a concise description of the various vehicles for investing in Chinese assets.
Fintech is forcing official policy makers to weigh the interests of consumers and corporations, while balancing the need for innovation and protection, in rewriting government rules and operating methods, Joshua Bateman, CAIA, CFA, reports.
Risk intelligence, the importance of meditation for investment pros, and dynamical dark energy are just some of the topics covered in this week's Weekend Reads for Investors, curated by Jason Voss, CFA.
Led by China and the East, the world economy has changed at an unprecedented pace and scale. Shifts in the global pecking order could be even more significant by 2050. The 6th CFA China Investment Conference was an excellent opportunity to learn about some of the change drivers influencing investment opinion. Shreenivas Kunte, CFA, offers some observations and lessons from his two days in Beijing.
EU member governments have agreed to grant derivatives traders a one-year equivalence period to access UK market infrastructure in the event of a no-deal Brexit. Financial Times (subscription required) (12 Dec.)
Conservative Party members of the UK Parliament have voted 200-117 to signal confidence in Prime Minister Theresa May, defeating an effort by critics to remove her over her handling of Brexit negotiations. However, having that many members of May's party voting against her indicates the serious challenges she faces in getting her Brexit deal through Parliament. Politico (13 Dec.)
Several major private equity companies are lobbying Congress for legislation that would relax highly complex rules that keep mutual funds and other large money managers from investing in business development companies. They say the rules overstate BDCs' operating costs, leading some funds to avoid them. BloombergQuint (India) (12 Dec.)
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