News

Xi's squeeze wins concessions from Kim

Oil_pumps_commoditiesTrade data suggests China has all but halted exports of critical supplies such as petroleum to North Korea. This economic pressure may explain an apparent change of policy from North Korean leader Kim Jong-un, who used his first official foreign visit to meet Chinese leader Xi Jinping in Beijing last month. “Over the past five months, China’s exports of refined petroleum have collapsed,” said Alex Wolf, senior emerging markets economist at Aberdeen Standard Investments, who drew attention to the trade data in a research note. North Korean imports of steel and cars from China have also dropped sharply, a signal the smaller economy is under considerable strain. “While China’s role over the past few months has often been overlooked or little understood, it appears a strategy could be emerging: China wants to play a central role in 'resolving' this crisis, but wants to do it on its own terms,” said Wolf. ©2018 funds global asia

Executive Interviews

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

INTERVIEW: Joining the family

Dec 12, 2017

An acquisition has increased the visibility of Natixis investment managers in Australia. George Mitton talks to its local chief executive.

Roundtables

SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.

REAL ESTATE ROUNDTABLE: In search of a home

Jul 17, 2017

From Korean warehouses to Chinese hospitals, investors’ holding periods are growing in Asia. But in a market awash with liquidity, so is competition for assets. Our panel in Hong Kong discuss real estate investment.