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RCBC launches new investment product

Lawrence Agcaoili (The Philippine Star) – July 26, 2021 – 12:00am MANILA, Philippines — Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is offering a new product which allows clients to invest in the equities markets in the US, including companies in the S&P 500 index. RCBC clients can invest a minimum of $200 through the RCBC US Equity Index Feeder Fund (RUEIF) which invests at least 90 percent of its funds…

Chinese stocks are now among Asia’s worst-performing as Beijing crackdown spooks investors – CNBC

Chinese stocks are now among Asia‘s worst-performing as Beijing crackdown spooks investors  CNBC Hong Kong Markets Battered as Foreign Investor Confidence Wavers  Radio Free Asia Asia-Pacific Shares Mostly Lower; Hong Kong Down Over 4%; Japan Bucks Trend with Modest Gain  Yahoo Finance China’s Stock Selloff Halts as State Media Calls for Calm  Bloomberg View Full Coverage on Google News…

Commentary: Why investments in four Asian tiger economies have come down

NEW DELHI: This was supposed to be the Asian century, with the ascent of China being only one – albeit a major – part of the story. The rest of it was going to be about other rising regional stars: Potentially huge economies like India, rapidly industrialising upper-middle-income countries such as Malaysia, strategically significant exporters of minerals and other raw materials like Indonesia, and some relatively new kids on the…

Asia Stocks Rise After U.S. Hit Record on Earnings: Markets Wrap

(Bloomberg) — Most Asian stocks rose early Monday after U.S. shares rallied to an all-time high on corporate earnings, though traders are also mulling China’s technology-sector crackdown and an upcoming Federal Reserve meeting. Japan jumped after reopening from a two-day holiday, Australia edged up and South Korea fluctuated. Futures slid in Hong Kong, where an index offering exposure to China’s internet giants is the world’s worst-performing major tech gauge. Beijing’s…

RCBC launches new investment product

Lawrence Agcaoili (The Philippine Star) – July 26, 2021 – 12:00am MANILA, Philippines — Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is offering a new product which allows clients to invest in the equities markets in the US, including companies in the S&P 500 index. RCBC clients can invest a minimum of $200 through the RCBC US Equity Index Feeder Fund (RUEIF) which invests at least 90 percent of its funds…

Ex-MUFG CEO reveals background of investment in Morgan Stanley

TOKYO — Mitsubishi UFJ Financial Group invested $9 billion in Morgan Stanley amid the global financial crisis triggered by the collapse of Lehman Brothers in 2008, due to the importance of “economic security” between Japan and the U.S., former MUFG CEO Nobuyuki Hirano said. In an exclusive interview with NIKKEI Financial, Hirano, a top Japanese banker of international caliber, revealed the whole picture behind MUFG’s capital tie-up negotiations with the…

Philippines’ Union Bank first social bond receives US$150 million investment from IFC

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, is funnelling US$150 million to the Union Bank of the Philippines’ social bond that aims to finance loans to micro, small and medium-sized enterprises (MSMEs) reeling from the Covid-19 crisis.  The bond will be issued under the Union Bank’s new sustainable finance framework and is the first social bond by the lender.  It is also the…

Invest in China, but Without Illusions

If you want Chinese shares, you can bypass New York. On the face of it, shares of Chinese internet giants traded in American markets through A.D.R.s might seem to be safer for Americans than shares sold in local markets like Shanghai, Shenzhen or even Hong Kong. Yet in some respects, regulatory requirements for I.P.O.s in China can be more stringent than those imposed by American regulators, Mr. Hsu of Rayliant…

China’s domination of global finance about to take a quantum leap

Rupa Subramanya is a researcher and commentator. Is China quietly preparing to transform the market for global investment funds, just as it has remade global trade and manufacturing? As reported in the Financial Times, “What happens if Chinese household wealth is unleashed on the world?” published on July 5, a Chinese official in the government agency that administers foreign exchange had said in February that officials were considering whether the…