govern

Carbon market faces slow burn to success in China

19 July 2021

The world’s largest emissions-trading system is hampered by data concerns, dirt-cheap prices and feeble fines. It also currently exempts most big polluters and lacks a mechanism to reduce emissions. It’s a start, but the scheme needs an overhaul to match Beijing’s climate goals.

Turf war puts Chinese regional GDP plans at risk

23 February 2021

China may skip setting a national growth target for a second year. But provinces have set their own, suggesting an expansion of at least 6.8% in aggregate. The central bank doesn't want to ease, while the finance ministry is reluctant to spend. It's quite the trilemma.

New Hong Kong bourse boss keeps eye beyond China

9 February 2021

Hiring JPMorgan’s international private bank chief Nicolas Aguzin signals overseas ambitions even after Charles Li’s failed attempt to buy the LSE. HKEX Chairman Laura Cha can help with Beijing. The bigger tasks will be to keep foreign investors sweet and the gateway opening.