In today’s briefing:
- Korean Financial Regulators Propose Changes to Dividends, IPOs, & Foreign Investor Registration
- China: Shifts in Policymaking
- CX Daily: China Lines Up Yet More Aid for the Property Sector, But Will It Be Enough? (Part 1）
- What Does an Anwar-Led Administration Mean for Malaysia?
- Money in the Bank(s)
- CX Daily: China’s Share Markets Back on the Fundraising Menu for Ailing Developers (Part 2)
Korean Financial Regulators Propose Changes to Dividends, IPOs, & Foreign Investor Registration
- On 28 November, the Korean FSC made a public presentation of potential changes to regulations related to dividends, IPOs, and foreign investors registration which could reduce the long-term “Korea Discount.”
- FSC has announced that it will improve the dividend payment process of listed Korean companies by benchmarking more advanced countries such as the United States.
- With regards to IPOs in Korea, the potential expansion of the price limit on the first day of trading post IPO from 90-200% (current) to 60-400% (revised) has been proposed.
China: Shifts in Policymaking
- Monetary policy was eased with a cut to the RRR rate and additional credit support is being planned for the real estate sector.
- These moves show that policymaking is shifting from piecemeal actions to substantive pro-growth efforts.
- However, headwinds to growth have grown and this latest move may not suffice to promote growth.
CX Daily: China Lines Up Yet More Aid for the Property Sector, But Will It Be Enough? (Part 1）
Cover Story: China lines up yet more aid for the property sector, but will it be enough? (Part 1）
Guangzhou spares homebound from mass Covid testing
Cold snap in Northwest China leaves livestock trapped and herdsmen missing
What Does an Anwar-Led Administration Mean for Malaysia?
- Reformist stalwart Anwar Ibrahim has finally achieved his ambition of becoming Malaysia’s prime minister. He now faces a formidable in-tray of political and economic challenges.
- He leads a coalition government of unlikely bedfellows. The politics of holding his coalition together will constrain certain aspects of economic policy.
- However, cooperation between the former political enemies may pave the way for healing social divisions and longer-lasting economic reforms.
Money in the Bank(s)
- Ultra low rates did not cause inflation, a dramatic increase in the money supply during Covid did.
- Equally, the forthcoming recession will not be about higher rates, but about the equally dramatic collapse in money supply growth since April.
- Instead, ultra low rates stimulated the financial markets through cheap credit and low discount rates, that bubble is already unwinding as rates rise.
CX Daily: China’s Share Markets Back on the Fundraising Menu for Ailing Developers (Part 2)
Cover Story: China’s share markets back on the fundraising menu for ailing developers (Part 2)
China steps up timetable for senior vaccinations as Covid cases surge
China’s President Xi Jinping meets with Mongolian President
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
