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.
With a combined market capitalization of $10 trillion, the Shenzhen and Shanghai stock exchanges are the second largest in the world, writes Tony Tan, DBA, CFA, and recent research demonstrates that, contrary to popular perception, they don't move in lockstep or mostly in response to macro factors. Investors searching for alpha cannot ignore them.
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US Sens. Sherrod Brown and Elizabeth Warren have criticized Randal Quarles, vice chairman for supervision at the Federal Reserve, for backing a proposal to relax the supplementary leverage ratio for the eight largest banks. Fed Governor Lael Brainard cast the sole vote against the proposal. MLex (subscription required) (21 May.)
Investors are selling off Italian bonds amid concerns about the political landscape, as two populist parties develop a government, and about a potential request to write down debt. The two-year yield is the highest in almost three years at 0.28%, and the 10-year yield was 20 basis points higher Monday compared with Friday. Bloomberg (tiered subscription model) (21 May.)
Chinese and US negotiators have agreed on an outline of a compromise under which the US lifts a ban on domestic companies' sales to Chinese telecommunication firm ZTE, sources say. As an alternative, ZTE reportedly must revamp management and might have to pay large fines. MarketWatch (22 May.)
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