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China eases offshore funding limit for foreign banks

Bloomberg China’s central bank raised the limit on how much smaller lenders and foreign banks operating in the country can borrow offshore, a move that will ease a funding shortfall and give a push to expansion plans for firms such as HSBC Holdings. Their ability to borrow outside of China was expanded this week after the People’s Bank of China ...

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Retail frenzy lifts three of Asia’s top-performing stock markets

Bloomberg Three of Asia’s best-performing stock markets this year are also ones where individual investors are playing out-sized roles, underscoring the growing influence of retail traders around the world. Nowhere is this more apparent than in Vietnam, where individuals account for about 90% of turnover and the VN Index has surged 20% in 2021, the most among major benchmarks in ...

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Great inflation trade of 2021 takes a back seat on Wall Street

Bloomberg Wall Street’s great inflation trade is losing steam, judging by a slew of cross-asset signals and where all the investing billions are actually going. With reflation strategies again playing second-fiddle to the crypto volatility and meme stock mania, stable Treasury yields helped the tech-heavy Nasdaq 100 outperform the Dow Jones Industrial Average by the most in seven weeks. Debt ...

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