E-cigarette makers are racing to design and buy variations of a technology that has lit a billion-dollar boom, created a new vocabulary, and prompted a backlash from health officials worried about the impact of the new smokeless devices. Today’s graphic shows a surge in e-cigarette patents in recent years, especially in China, following the invention of the first device in China a decade ago.
This is a genuinely historic week for the world’s financial markets. For the first time investors worldwide can invest directly in the companies driving this country’s amazing growth story via the Hong Kong-Shanghai Stock Connect initiative.
From this week, investors are able to trade in shares listed the Hong Kong and Shanghai stock exchanges, with some minor restrictions. Until now, investors outside China faced lengthy application processes to acquire the required approvals from the Chinese Securities Regulatory Commission. Now, to a great extent, if you can deal on one exchange you can deal on them both. (more…)
Journalist spotlight: Vikram Subhedar on the stocks buzz scoop warning Hkex shares at risk from Shanghai connect daily
Last week, the Reuters Stocks Buzz team was ahead in warning that Hong Kong Exchanges and Clearing’s shares were at risk from a potential delay in the long-awaited direct connection between its market and the Shanghai bourse. Investors had widely expected connection between the two markets to begin in late October and bring bigger turnover to HKEx, whose shares were up 36% so far this year. But a delay in the launch sent its stock lower. In a Reuters Best: Journalist Spotlight Q&A, Stocks Buzz Editor-in-Charge Vikram Subhedar offers a behind-the-scenes look at how the team got the scoop.
Q. How did you score this exclusive?
A. With Reuters Stocks Buzz we’re really trying to use our regular reporting, Eikon analytics & market contacts to present compelling ideas and coverage on equity markets and ideally anticipate a big stock move. So the HKEx piece was a combination of tracking HKEx & the Hong Kong market closely over the past few years, having the right contacts in the market and building on some great Reuters reporting around the HK/Shanghai connect over the past few weeks. As excitement over the stock connect grew, so did HKEx’s valuations and it got to a level where scope for disappointment was quite high. Then it was a matter of putting it in a global context and highlighting the fact that this situation has arisen before. The timing of the piece worked well.
Q. What types of reporting/sourcing were involved? (more…)
Privatization is a key part of China’s push to revamp an unpopular national healthcare system, plagued by crowded hospitals, corruption and simmering tension between patients and staff. Spurred by government policies and soaring demand for healthcare, private care is growing fast, as seen in today’s graphic below.
The 2030 Water Resources Group (WRG) expects China’s total water usage to reach 818 billion cubic meters in 2030. The Chinese government, on the other hand, is aiming to cap the country’s annual water consumption at 700 billion cubic meters in 2030. Today’s graphic tracks China’s national water usage since 2000.
The world’s top importer of coal plans to curb shipments of low-quality coal with ash and sulphur content exceeding 15% and .6% respectively. Today’s graphic shows the top source countries for China’s coal imports.
Spurred in part by worsening tensions with China, Southeast Asian nations are building up their own defense industries, channelling fast-growing budgets to develop local expertise and eventually cut their dependence on big global arms firms. Today’s graphic shows the 2013 military expenditure for a variety of Southeast Asian countries.
Chinese regulators shut a meat supplier in Shanghai, a unit of U.S.-based OSI Group, following a TV report that showed workers picking up meat from a factory floor, as well as mixing meat beyond its expiration date with fresh meat. Today’s graphic shows a timeline of food safety incidents in China as well as a snapshot of OSI Group.
Leaders of the BRICS emerging market nations launched a development bank and a currency reserve pool in their first concrete steps toward reshaping the Western-dominated international financial system. Today’s graphic breaks down the initial contributions by each country. Make sure to check out yesterday’s graphic which compared the BRICS economies to the United States.
The leaders of the BRICS economies are expected to sign a deal that creates a $100 billion bank and a reserves fund to challenge Western dominance over global finance. Today’s graphic shows the GDP, current account balance and exports for the five BRICS economies, compared to the United States.