Tag: Brexit

DETAILS ON SHANGHAI-LONDON CONNECT REPORTEDLY TO BE ANNOUNCED THIS AUTUMN

Brian Schwieger, Head of Equities Unit at the London Stock Exchange Group, unveiled that Shanghai and London stock exchanges have continued to collaborate despite Brexit, noting that details on the Shanghai-London Stock Connect are likely…


Brexit likely to jerk exchange rate of yuan

China’s efforts to internationalize the yuan may face a setback as volatility in the British pound and the euro is pushing the very foundation of the global monetary order into question, an economist at Bank…


Huawei presses on with GBP 1.3 billion investment despite Brexit

Shenzhen-based Huawei Technologies, China’s largest smartphone manufacturer and the world’s third largest smartphone supplier, has pressed on with its GBP 1.3 billion investment in the UK despite uncertainties pertinent to the recent Brexit referendum. Sajid…


Chinese investors likely swarming to UK following Brexit

Among various market and stock plunges after Britain voted to leave the EU last Friday, speculation and interest in investment in the nation’s real estate market has evidently taken the other way. Property prices in…


Rating agencies unanimously cut UK’s rating scores after Brexit

Rating agencies have recently downgraded Britain’s credit scores, adding to the country’s already suffering economic standing after its referendum to leave the EU last Thursday. Standard & Poor’s dropped Britain’s rating two grades to “AA”…


Bitcoin surges thanks to Brexit

Trading for the bitcoin has peaked at $675 on June 24, following a dramatic increase after Britain voted to leave the EU. Even a day before the referendum, it has fell to $600 amid a…


AIIB president says China has tools to deal with Brexit

Jin Liqun, president of the China-backed Asian Infrastructure Investment Bank (AIIB), said over the weekend that China has ample fiscal space to cope with any market turbulence triggered by the UK’s decision to leave the…


China to be one big winner out of Brexit

The UK finally voted by 52% to 48% to leave the EU yesterday. As a result, the British pound plunged, falling more than 8% against the dollar in overnight trading, and at one point, it…


FINTS MORNING BRIEF (25 Jun 2016)

Shanghai and Shenzhen bourses are proactively pushing forward the signing of MOU on corporate bonds business cooperation with the China Securities Regulatory Commission and local government in a bid to facilitate bond financing and strengthen…


Brexit drives pound down to 30-year low

As votes from all 382 voting areas have now been tallied, the UK has voted to leave the EU in its June 23 referendum dubbed “Brexit”, by a 52% vs 48% outcome. The narrow margin…


Long term threats of Brexit still substantial

As the UK will hold a referendum shortly on June 23 to determine whether it will stay with or leave the EU, voices from all over the world echo an overwhelmingly cautious concern. Despite the…


Hong Kong ranks as world’s most expensive city for expats

Hong Kong has been once again named the world’s most expensive city for those working abroad, replacing capital of oil-rich Angola, Luanda, according to an annual survey published by international consulting firm Mercer. Although housing…


Upcoming “Brexit” referendum triggers worries and concerns

In the heat of the recent “Brexit” debate and pent up dissatisfaction against the establishment, the UK will hold a referendum on June 23 to determine whether or not it would continue to stay in…


FINTS MORNING BRIEF (14 JUN 2016)

Looming Brexit vote spurs safe-haven flows into gold and treasury bonds. Premier Li Keqiang said at the 4th round Sino-Germen government consultations that China and EU should speed up the negotiations regarding investment agreement and…