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How China’s new Hong Kong security laws could impact global business

June 1, 2020

HONG KONG - Commenting on controversial new Chinese security measures to be introduced in Hong Kong, the gobal financial group Natixis says it seems increasingly hard for Hong Kong to have the cake and eat it - "so something will need to go".

"We hope that whatever needs to go leaves Hong Kong's offshore centre status reasonably unscathed," Natixis says. "This is not only important for Hong Kong but for Mainland China and the rest of the world."

COVID-19 a liquidity shock for emerging economies: Natixis

May 28, 2020

HONG KONG - The global financial group Natixis says the spread of COVID-19 to emerging economies has brought to light a reality that had been mostly forgotten in an era of ample dollar liquidity, namely, their excessive dependence on external financing. Amid the COVID-19 shock, foreign investors have left these markets at an unprecedented speed, resulting in a sudden global dollar shortage in March, Natixis says.

Post-COVID-19, Vietnam provides entry approval guidance for foreign workers, investors, students

May 29, 2020

HANOI -- As part of numerous measures to prevent the transmission of COVID-19 from other virus-hit nations, Vietnam is still imposing a general entry ban on foreign nationals. But there are exemptions    including for those entering Vietnam for diplomatic or official duty purposes, or for those classified under "special circumstances".

Can China grasp opportunity from the pandemic?

May 27, 2020

HONG KONG - The global financial group Natixis says China's long-awaited and most important political gathering has been brief and crystal clear in its messaging -- flexibility is king in guiding expectations, because growth will be hard to achieve no matter how much China tries. Natixis says this new guidance from the 'Two Sessions' marks a major departure from traditional economic management in China, because China's leadership opted not to set a growth target.

China sets the stage for a new Stop-Go cycle. Tightening in 2020, says S&P

May 25, 2020

SINGAPORE -- China's decision not to set a GDP growth target for 2020 alleviates some risk of an excessive stimulus response to the COVID-19 economic shock, says global ratings agency Standard and Poors. However, China is still turning the dial on stimulus, and that stimulus could be swiftly withdrawn next year if the recovery continues.

The challenge for China in rebuilding export markets

May 25, 2020

HONG KONG - While much has been written about the growing dependence on Chinese-made products of consumers and national economies around the world, less attention is given to an examination of the dependence of the Chinese economy on offshore markets.

Nataxis, in a new analysis, makes the point that the importance of external markets for Chinese firms grew from 7% in 2013 to 11% in 2019 - and has since collapsed, especially for China's private-sector firms.

Metals, minerals, coal exports drive Australia to record trade surplus in March

May 7, 2020

SYDNEY - Strong commodity exports and a sharp fall in services imports supported a jump to a record trade surplus of AUD10.6 billion for Australia in March. HSBC says the closure of Australia's borders saw a larger fall in service imports than exports, boosting the trade surplus. Australia is typically a net importer of tourism services.

China export performance “near-term positive, medium-term cautious”, says ANZ Bank

May 7, 2020

BEIJING - ANZ Bank says a surprising rise in exports from China in April was driven by electronic exports, which were up 5.6% y/y, based on ANZ calculations. Pending official numbers (at the time of writing), our calculation based on historical data suggests mechanical and electronic exports, which account for 58.8% of total exports, rose 5.6% y/y in April," ANZ says.

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