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China bond connect has potential to shift PBOC policy

China’s President Xi Jinping’s visit to Hong Kong coincided with the official start of the China Bond Connect program with Hong Kong that gives offshore investors another way to access the mainland’s $10 trillion debt market. Although the link between China’s mainland and offshore bond markets may look ceremonial, for the People’s Bank of China it could help set the ...

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Toshiba’s trash becomes someone else’s treasure

Toshiba Corp. forgot to add its cardboard box of bits and bobs to the corporate garage sale. The flailing Japanese group is in the process of selling its prized chips business for $20 billion in badly needed funds, having already hived off a medical device unit and nuclear power. And it continues to consider selling or taking public the Swiss ...

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Hong Kong needs to crack the enigma code

Thrill-seekers in Hong Kong who want to gamble in casinos usually have to take a bumpy, hour-long ferry ride to Macau. Those who crave excitement without leaving the city might do just as well punting on Hong Kong’s small-cap stocks. Structural weaknesses and a reluctance by regulators to delist miscreant companies has turned Hong Kong’s $4.6 trillion stock market into ...

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