Shuli Ren: Read latest news from Moneycontrol journalist/contributor Shuli Ren

WORLD

Chinese are making a killing everywhere but in China

Chinese businesses see a $1 trillion e-commerce market and a US society fed up with inflation and high cost of living. Moreover, entrepreneurship is difficult in China, where one can never sit back, relax and collect dividends from past hard work. Whether politicians like it or not, the Chinese are coming and Americans can finally get some reprieve and value for their money

BUSINESS

Alibaba's Troubles: Who wants to catch Jack Ma’s falling knife?

While Ma is no longer actively involved in Alibaba’s operations, his decision to sell more of his stake is a chilling reminder that the firm doesn’t have a controlling shareholder at the top, just when billions of dollars need to be spent to move into new fields such as generative AI

BUSINESS

China Property: Private Equity's role is the new hot potato

Ping An Real Estate — with 110 billion yuan in assets — held around 10 billion yuan in cash, covering only half of its interest-bearing debt due in the next 12 months. Its business operations and liquidity positions have deteriorated rapidly alongside China’s property slump, with sales falling by more than half from their 2021 high

BUSINESS

Finally, there’s more money than fools in China

The Chinese have been hoarding cash since the pandemic. But this behaviour had started as early as 2018. Their preference for buying investment products, such as stocks, bonds and trusts, has been on a steady decline since the 2015 stock market crash

BUSINESS

Hong Kong’s billionaire debt kings are losing their mojo

Investors are demanding a higher risk premium from the financial center’s tycoons

BUSINESS

Chip designer Arm’s $55 billion IPO smacks of bankers’ desperation

The oversubscription isn't an indication of investor enthusiasm. SoftBank plans to sell only 9 percent of Arm’s shares, and will pledge out a 75 percent stake for margin loans once the stock debuts. With an IPO drought and SoftBank dangling millions of dollars, bankers are willing to tell any story, however stretched it is. Arm's focus on chips for smartphones isn't where the AI market is hot

BUSINESS

Indonesia joins the Golden Visa bandwagon to lure foreign investors

For the first time in two years, its current account fell into a deficit, mainly due to weaker exports from falling commodity prices. Indonesia may offer a great opportunity for tech entrepreneurs who want to be more than passive investors and dabble in fintech and financial inclusion

BUSINESS

A large private wealth manager's crisis exposes another rot in China's financial system

An economic downturn, along with the real estate slump, certainly contributed to the the $137 billion Zhongzhi conglomerate’s woes. China has been cracking down on shadow banking since late 2017. So people naturally ask why this is happening now, and whether there are more blowups coming

BUSINESS

Credit Suisse Bankers, Don’t Despair: A Lehmann lesson for bankers being laid off

UBS plans to cut about two-thirds of Credit Suisse’s dealmakers in Asia. Over half the latter's 45,000-strong workforce worldwide could get pink slips. The experience of Lehman bankers laid off in 2008 suggests this is only a temporary setback: Today they are portfolio managers at top hedge funds, MDs at Tier-I banks, and partners at accounting and consulting firms

BUSINESS

UBS-Credit Suisse union exposes private banker tensions

Drastically different cultures means the two Swiss banks’ integration can’t possibly be smooth or pleasant. With the conservative UBS planning to dispose of billions of dollars in loans Credit Suisse had extended in Asia, there is no guarantee that the latter's bankers who are being retained can shine at UBS