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Clement Tan

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As seen in: The Straits Times, MSN, MSN Malaysia, MSN Money Canada, MSN Philippines, MSN Singapore, Bloomberg Businessweek, Bloomberg CityLab, Bloomberg Markets Magazine, Bloomberg News, MSN South Africa and
Covers:  financial markets, china, hong kong, stocks, economics, company news
Assistant Foreign Editor @straits_times • Ex-Reuters, Bloomberg reporter • Previously in Beijing, HK, DC, NY • Always trying to write a book
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Wide gap for China mainland, offshore stocks may be hard to bridge

Wide gap for China mainland, offshore stocks may be hard to bridge

Reuters — Investors looking to exploit the widest gap in three years between the performance of mainland and offshore Chinese stocks could well get their fingers burnt. Qualified foreign investors may see the gap as an opportunity to switch into the A-shares of dual-listed Chinese companies whose H-shares have outperformed. This strategy could backfire, however, as the contrasting liquidity situations in the two markets suggest the gulf could remain for some time.
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Bubble trouble brewing for shiny China penny stocks

Bubble trouble brewing for shiny China penny stocks

Reuters — When it comes to mainland Chinese stocks this year, small is hot. Up nearly 80 percent in 2013, Shenzhen-listed penny stocks have outperformed a moribund broader market in a big way. But fears are growing that the market is looking ripe for a correction. Retail investors chasing outsized returns have aggressively pushed small-cap stocks higher, which is much harder to do on large-cap stocks. There are signs that institutional investors are also in the game, prodding penny stocks to record highs. However, concerns are growing that stock valuations have gone too far ahead of earnings.
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China cash crunch not sign of a banking crisis, says large Chinese fund

China cash crunch not sign of a banking crisis, says large Chinese fund

Reuters — China’s financial system is more “robust” than widely thought and the recent cash crunch does not signal any systemic risk, according to a senior investment executive of one of the largest asset managers in the mainland. Until Beijing pledged last week to ensure adequate funding, borrowing costs in the mainland spiked to record highs and stocks tanked, raising fears of a banking crisis that could compare with the 2008 one in the United States.
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China's downturn-proof booze makers hit government wall

China's downturn-proof booze makers hit government wall

Reuters — The makers of China's fiery liquor baijiu, a pricey, potent drink that is a staple at state dinners, say it inspires poets and can even ward off dementia. For investors in the largest baijiu makers Kweichow Moutai Co Ltd and Wuliangye Yibin Co Ltd, the appeal is more mundane: the companies paid out huge dividends and raised earnings forecasts when a slowing economy had prompted dozens of Chinese firms to issue profit warnings.Demand for high-grade liquor at state banquets and premium pricing helped Moutai post an operating profit margin last year that was more than double that of tech giant Apple Inc, the world's most valuable company, Thomson Reuters data shows.
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Big immigration march in Washington

Big immigration march in Washington

LA Times — Determined to push a major overhaul of the immigration system to the top of the nation's political agenda, tens of thousands of people rallied Sunday on the National Mall, challenging Congress to fix laws that they say separate families and hurt the country's economic and social vitality. Organizers and supporters of the "March for America" campaign -- who demonstrated as House members cast a historic vote on healthcare -- want to make an immigration overhaul the next big undertaking in Washington.
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Campaign finance legislation faces tricky issue of foreign corporations

Campaign finance legislation faces tricky issue of foreign corporations

LA Times — Proposed legislation to block foreign companies from contributing money to U.S. elections could end up affecting well-known companies such as Chrysler, Anheuser-Busch and Citgo, according to legal experts and company representatives. The legislation is a reaction from key House and Senate Democrats to a Supreme Court decision in January that struck down a portion of the nation's campaign funding laws, allowing corporations to freely contribute to political campaigns.
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Washingtonians Remember Kennedy At Vigil Wednesday Night

Washingtonians Remember Kennedy At Vigil Wednesday Night

The Atlantic — Whatever wrong the late Sen. Ted Kennedy had done earlier in his life, George Mason University professors Hugh Gusterson and Allison Macfarlane are satisfied the youngest of the Kennedy brothers subsequently redeemed himself in the Senate. "He might have been flawed, but he was also passionate and righteous," Gusterson said. He was probably echoing the views of the 150-strong crowd who had gathered at the heart of Washington D.C in a hastily arranged candlelight vigil for the late Senator Wednesday evening. For an hour or so, the north side of the Dupont Circle fountain turned into a makeshift memorial for the late senator from Massachusetts.
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