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LATEST INSIGHTS

China’s Hidden Q3 Revamp of Investment Data
Leland Miller joins Bloomberg Radio to discuss how Beijing just took a chainsaw to the way it calculates FAI

@ChinaBeigeBook

"FDI in #China held steady during 1H20, even as investment inflows into US & EU plummeted, in a fresh sign China has suffered less damage from the pandemic...While FDI ⬇️61% & ⬇️29% respectively to US & EU, inflows to China were ⬇️just 4%"

@PaulHannon29

https://www.wsj.com/articles/foreign-investment-plummets-during-pandemic-except-in-china-11603785873

Indeed. 1 example: Back in '14 CBB data showed sky high shadow rates paid by YueBao were causing mass deposit flight from state banks. After banks got Beijing's ear, YueBao rates were hugely suppressed & flight reversed. Back then $BABA & Co. was still an insurgent. No more. https://twitter.com/zhonggg/status/1320768328743333888

Jack Ma's Ant Group set for record smashing IPO next week:
* Raising $34.5B
* Valuation $315B - 4 x size of Goldman Sachs
* 20th biggest co. in world by market cap
* Will make Jack Ma 11th richest globally, with $72B fortune
https://www.bloomberg.com/news/articles/2020-10-26/jack-ma-s-ant-raises-about-34-5-billion-from-asian-ipos?sref=xjqmls5y @QuickTake

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We Guide Your China Strategy

China Beige Book provides institutional investors and corporate decision-makers with market leading insights derived directly from our nationwide proprietary data on the Chinese economy.

Trump approves TikTok deal with Oracle, WalMart

Leland Miller calls the new TikTok deal “icky” and thinks giving Oracle a stake in the business is a dicey proposition.