Originally published August 2021. Virtually the entire Chinese economy, especially sectors with heavy investment inflows, such as technology, social media and private education, is in a state of flux. Foreign investors are pulling their positions, Chinese CEOs are under strict scrutiny and stocks are in a free fall as Chinese regulators continue to unleash a […]
Various aspects of cryptocurrency use have been banned in China numerous times over the better part of the past decade. The most stringent barriers yet, though, were announced on Friday, 24 September. In a series of statements, Chinese economic planners listed their edicts in stepwise fashion, including: no financial supports or subsidies for crypto mining […]
Falling below the red lines. Evergrande, the most indebted real estate company globally, faces mounting bankruptcy risks as the company has defaulted on payments and struggles to meet its financial liabilities of over US$300b. Evergrande’s financial woes surfaced not long after the People’s Bank of China (PBOC) and the Ministry of Housing introduced new […]
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 849.11 to 868.08 (2.23%) compared to the last month update. Currently the Singapore REIT index is still trading with a range between 816 and 880. Yield spread (in reference to 10-year Singapore government bond of 1.539%) continues to tighten from 3.8% to 3.62%. However, the […]
Covid 19’s impact on the Asia Pacific office market has been that buoyant demand leading into the pandemic was quickly stymied as corporate occupiers sought to limit cost exposures and assess their real estate needs. In line with this, vacancy has increased and rents have softened across most markets, pushing them towards greater tenant-friendly status. […]
How Japan’s moment of glory has become a millstone for the economy. “Japan is back!” declared Shinzo Abe, the then Japanese prime minister, after he made a surprise appearance dressed as Super Mario at the closing ceremony of the 2016 Rio Olympics. Tokyo 2020 was supposed to be a moment of national glory, a chance to […]
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 849.11 to 868.08 (2.23%) compared to the last monthly update. Currently the Singapore REIT index is still trading with a range between 816 and 880. Yield spread (in reference to 10-year Singapore government bond of 1.539%) continues to tighten from 3.8% to 3.62%. However, the […]
Rising interest rates are of concern for global economists and practitioners, as an increasing level of government bonds have been employed throughout the world during the Covid pandemic. To read my forecast of the incremental interest rates, see my recent journal article and PhD thesis. Details of the varying magnitude of interest rate sensitivity for […]
On 4 June 1989, an estimated one million peaceful protestors in China were met with machine gun fire and tank columns in what would be known forever as the Tiananmen Square Massacre. Simply known as the ‘June 4th Incident’ in China, where discussion is heavily censored, this date marks one of the most horrific exercises […]
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 865.91 to 849.11 (-1.94%) compared to last month’s update. Currently the Singapore REIT index is still trading with a range between 816 and 874. Yield spread (in reference to 10-year Singapore government bond of 1.52%) continues to tighten from 3.809% to 3.8%. However, […]
