top of page

FINANCE, DECODING


Australia: Financial Condition Outlook
This report assesses the global macro-financial environment and its implications for Australia’s financial stability, with a focus on non-bank financial institutions (NBFIs), sovereign debt dynamics in advanced economies and banking sector funding resilience. Despite a rapid recovery in global risk sentiment following volatility in early 2025, underlying vulnerabilities persist, including elevated leverage and liquidity mismatches in parts of the global NBFI sector, rising so
Jan 221 min read


The Invisible Hand is a State Employee: A Chinese “National Team” that trades stocks
Professionals usually refer to the term “China’s National Team” when describing a group of state-linked institutions to trade exchange-traded funds that allows authorities to influence broad market segments quickly, reversibly, and with limited formal announcements. For instance, entities such as the Central Huijin Investment Ltd. is backed by the Ministry of Finance - who operates on a large enough scale to move markets but not enough to be opaque to preserve deniability an
Feb 34 min read


Fiscal uncertainty pushes Japan's 40-year bond yield to decades-high
Japan’s 40-year bond yields rose to 4%, the highest level since this bond was first issued in 2007. In fact, no Japanese government bond of any maturity has had such a high yield in over 30 years. This movement was due to concerns about a proposed sales tax cut on food, supported by Prime Minister Sanae Takaichi. In addition, the emergence of the Centrist Reform Alliance has further increased uncertainty by raising the risk of electoral competition leading to looser fiscal co
Jan 203 min read


Fundamentals: Who are the winners in QE?
Quantitative Easing (QE) is one of the largest monetary experiments in modern history. In the most basic terms, this specific...
Oct 3, 20254 min read


Truong My Lan's world-renowned bank fraud: a full story
Truong My Lan is a notorious property tycoon and one of the richest businesswomen in Vietnam’s history. She is also known for...
Sep 28, 20255 min read

bottom of page
