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Asia Pacific Economy

All articles tagged with #asia pacific economy

economy1 hour ago•3 min saved

Beijing backs banks and insurers with a $53bn capital infusion

Beijing is injecting RMB360bn ($53bn) into eight state-owned banks and insurers to shore up profitability and create buffers for growth, expanding last year’s recapitalisation plan to cover insurers and policy lenders; funding from the finance ministry and state tobacco firms aims to bolster capital and attract long-term institutional money, even as weak consumption, a property slowdown and low rates keep margins under pressure, with some share-price declines following the announcements.

via Financial Times|

#asia-pacific-economy #banks #chinese-business-and-finance

asia-pacific-economy27 days ago•7 min saved

Hong Kong’s Northern Metropolis: bridging to a mainland-led growth future

Hong Kong launches the Northern Metropolis megaproject to transform parts of the New Territories into four hubs (commerce, professional services, technology and eco-tourism) and to deepen integration with the Greater Bay Area and mainland markets. Backed by Beijing and Hong Kong authorities, the plan aims to diversify beyond finance, attract new residents, and ease housing strain, but carries a hefty price tag (over HK$360bn per S&P Global estimates; HK$224bn government estimate) and involves land clearance and evictions of rural villagers, signaling a shift to mainland-style, infrastructure-led growth and closer China ties.

via Financial Times|

#asia-pacific-economy #china-hong-kong-relations #greater-bay-area

asia-pacific-economy4 months ago•4 min saved

Small economies seal world's first essential-supplies pact to keep trade flowing

Singapore and New Zealand signed the world's first bilateral Agreement on Trade in Essential Supplies, pledging not to restrict trade in essentials (food, fuel, chemicals, construction, healthcare) and to keep air and sea routes open to sustain energy and goods flows amid Middle East tensions; the leaders urged others to adopt similar safeguards to bolster global supply chains, noting NZ's reliance on Singapore for around a third of its fuel imports.

via Financial Times|

#asia-pacific-economy #global-trade #new-zealand

economy6 months ago•7 min saved

Asia braces for energy shock as Hormuz shipping slows amid Iran conflict

Asia’s biggest manufacturing economies are racing to secure new oil and gas sources, bolster stockpiles and coordinate responses as the Strait of Hormuz slows shipments amid the Iran conflict. Taiwan, Japan and South Korea have emergency measures and diversification plans; China has ordered cuts to refined-oil exports; India, Indonesia and others are adjusting inventories and imports to hedge against shortages. The energy disruption could lift prices and threaten growth across Asia if the conflict persists.

via Financial Times|

#asia-pacific-economy #economy #energy-crisis