South China Morning Post - Global Economy

Blockbuster initial public offerings from tech champions such as Anthropic and SpaceX are about to fundamentally reshape global capital markets. This wave will redirect capital flows and alter valuations across the tech sector. As competition intensifies, investors worldwide will be forced to completely rethink where future returns will come from. For China, the rise of these co...

China’s central bank has described the country’s markets as a haven for diversified allocation amid geopolitical tension and market volatility, as the authorities proceed with an ambitious plan to increase foreign participation in domestic capital markets and promote the overseas use of the yuan. “China’s financial market depth and breadth provide important opportunities for ove...

The global energy shock triggered by the war in Iran has changed the calculus for central banks. The surge in oil and gas prices has driven up inflation. According to JPMorgan, the average headline inflation rate in developed economies increased from 2.2 per cent in January to 3.3 per cent in April. Bond markets are concerned that central banks in advanced and emerging economies...

Shocked by China’s surge in electric vehicles (EVs) following the pandemic, European politicians have since pushed Chinese carmakers to set up joint ventures on the continent and transfer technology to their Western peers. The demand is so familiar it has been coined “Reverse Deng Xiaoping”, echoing what Beijing required of European carmakers decades ago. But one industry vetera...

In early April, hours after US President Donald Trump threatened to bomb Iran “back to the Stone Ages” in a prime-time address, China’s yuan-denominated cross-border payment system set a record for transaction volume in a single day. The Cross-Border Interbank Payment System (CIPS) skyrocketed to 1.22 trillion yuan (US$180.3 billion) on April 2, almost doubling the daily average...