Hints and tips:
...Golden will retire in June after almost 30 years running one of the world’s largest endowments, where he now oversees a $34bn portfolio....
...More Chinese residents are also struggling for work: youth unemployment hit a record 21.3 per cent in June, prompting authorities to stop reporting the data....
...It has faced difficulties raising a new fund since Shan criticised Beijing in 2022....
...The person said their last contact with her was in June....
...Official data showed the value of outstanding loans issued through the Rmb200bn scheme was just Rmb500mn in June....
...Central bank data on Friday showed a sharp fall in new bank lending, with new loans plunging from Rmb3tn in June to Rmb345.9bn in July, the lowest level since late 2009....
...“Our competitive pricing strategy will be set to compete with traditional premium car brands such as BMW and Audi,” Chen Yu, a Zeekr vice-president, told the Financial Times....
...The pension plan reported an annual return of 5.8 per cent in the 12 months ending June 2023 following a negative 6.1 per cent in the previous year. That fell well below the 6.8 per cent target....
...While the Fed is expected to start cutting rates in June or July this year, pension funds are divided on what this means for the outlook for these funds....
...Didi withdrew from the NYSE in June 2022 as part of the regulatory overhaul....
...Two funds backed by the PBoC to funnel Rmb240bn into stalled property projects and affordable nursing homes have deployed only Rmb7.2bn since beginning in June....
...Calstrs, which manages pensions for more than 1mn Californian educators, will commence a global search for a replacement for Ailman, who will stay in his role until the end of June....
...Calpers, the largest pension plan in the US with $452bn in assets, had total fund leverage of 8 per cent as of June 2023, which included what the fund described as “active” and “strategic” leverage....
...An existing housing price index compiled by Centaline reported a 10 per cent drop in Shanghai in the 12 months ending June, but a 9 per cent increase in Beijing over the same period....
...The economy expanded 1.3 per cent on a quarterly basis, China’s National Bureau of Statistics said, regaining some momentum after growth of just 0.5 per cent in the April-June period....
...Private sector investment was down 0.6 per cent at the end of September, a further slowdown from a decline of 0.2 per cent at the end of June....
...In June, the youth unemployment rates hit 21.3 per cent before the government stopped releasing the figures, a likely byproduct of the shrinking of the internet sector that was a big employer of young graduates...
...Chang Chen-shan, director general of the Securities and Futures Bureau, said the FSC was aiming to finalise the proposal to allow active ETFs by June, but did not expect a decision before then....
...Grifols’ disclosed net debt at the end of June last year was €9.4bn....
...The NBS said exports in June fell 8.3 per cent compared with a year earlier....
...China’s producer price index has declined for eight straight months since October, while annual consumer inflation hit a two-year low of zero growth in June....
...Local government officials in cities such as Shanghai have been swotting up since June on how their jurisdictions can achieve a good score in the annual index that ranks countries according to their investment...
...The country’s financial regulator in June also fined Singapore banks DBS and OCBC, US bank Citigroup and insurer Swiss Life....
...Stephanie Liu, a 34-year-old clerk working in Shanghai, clubbed together with friends to buy Rmb1mn worth of snowballs in June 2022....
...The situation could get worse, with a record crop of 11.6mn university graduates entering the job market in June and July....
International Edition