Wall Street big boys, including Morgan Stanley and Bank of America, are turning bullish on Chinese assets. So, where did the new-found optimism come from?
This week, the Asia-Pacific Economic Cooperation (APEC) meetings kicked off in Bangkok, Thailand.
Billionaires have a lot of money, obviously. But they also give a lot of money away.
China's property market has been dealing with a bit of a crisis, and it continued to struggle in October, facing liquidity problems and enormous debts.
China is Taiwan's biggest trade partner – China and Hong Kong buy about 40% of Taiwan's total exports.
Hong Kong's monetary policy has been pegged to the US dollar since 1983, in a close range between 7.75 to 7.85 Hong Kong dollars against the greenback.
After Crown Prince Mohammed bin Salman (MBS) announced his plan to open the country to foreign investors and become a supply chain hub, Wall Street is looking to Saudi Arabia more often for investment opportunities – despite US-Saudi political tensions, which increased recently after OPEC+’s decision to cut oil production.