UK and China weigh a cross-border asset management scheme to deepen market ties, according to SCMP
Newsquawk Staff ·
UK and China weigh a cross-border asset management scheme to deepen market ties, according to SCMP.
What it means
The potential cross-border asset management scheme between the UK and China signifies an effort to deepen financial market ties, which could enhance investment flows between the two economies. This development may influence market sentiment by improving risk appetite, as stronger ties could lead to greater economic stability and cooperation. Traders should assess how this scheme aligns with local regulatory environments and its implications for assets sensitive to geopolitical shifts.
Sources
- Brussels is demanding that the UK be bound by European restrictions on Chinese EVs and that ministers imposetariffs of up to 35% on Chinese-made EVs as the price of allowing British car firms equal access to EU markets, reports The Times
- US Senate Commerce Committee to hold November 10th confirmation hearing for FCC Commissioner nominee Thumann
- The US DoJ is ramping up a criminal investigation into the Alaska US Senate race, issuing more than 100 subpoenas and at least 20 target letters to Democrats, reports ABC citing sources
- Swedish parliament rejects Centre Party leader’s candidacy for PM
- UK's Unite Union says the Apache offshore workers are escalating their strike action on various offshore platforms with a 24-hour period of strikes
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