Central banks have dominated financial markets through years of interest-rate repression that inflated bond and equity valuations. Suddenly inflation, running at highs not seen for decades, threatens all this. Do central banks have the credibility and capacity to cope with the monster from the 1970s that has returned with a vengeance?
Earlier this year HSBC chief executive Noel Quinn pledged $6 billion of investment in Asia – half of it outside Greater China. Having recognized he can do so much more in southeast Asia and India, how will he achieve this?
China’s president is a modern-day emperor who rules with an iron fist. His ‘common prosperity’ push promises better jobs and more equality, but it’s causing analysts to ask if the market is no longer investible and investors to fret and pull back – at a time when the country needs foreign capital more than ever.
Ricardo Lacerda launched a boutique investment bank in the aftermath of the 2008 financial crisis. Having finally succeeded in IPOing his firm at the third attempt, he now looks to navigate it through Brazil’s turbulent waters.
Nazir Razak, who built CIMB from an obscure Malaysian merchant bank to a pan-regional universal player, is the youngest of five brothers. The eldest, Najib, was the prime minister who was convicted for his role in the 1MDB scandal. That pitted the two against one another. In the background of the brothers’ opposition was the legacy of their father.
JPMorgan Chase can be a winner in global digital retail banking according to Sanoke Viswanathan, the bank’s head of international consumer growth. With European expansion starting in the UK under the Chase brand and growth in Latin America through a stake in Brazil’s C6, Viswanathan insists his firm is in this for the long haul.
Investors fear that many Asian governments aren’t doing enough to transition to net zero. They are therefore engaging with the region’s largest utilities hoping for better results. CLP may be an example for others to follow.
What They Said
‘For investors, you just don’t know what the policy environment will be like from one moment to the next’George Magnus, associate at Oxford University’s China Centre, explains the dilemma facing investors in China
JPMorgan Chase’s Sanoke Viswanathan, has bold ambitions for the US firm’s new UK digital retail business
‘We will [ramp up] infrastructure project approval substantially without reducing vaccine purchases for certain countries’AIIB president Jin Liqun tells Euromoney about post-pandemic investment
Marisa Drew, Credit Suisse’s chief sustainability officer, says that sustainable investing requires flexibility