Yawen Chen
@ywchen1
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Columnist @Reuters @Breakingviews. Views subject to change on new evidence/data. 世事洞明皆学问
London, England
Joined April 2010
Personal update: I’ve relocated to London and will be writing more about the region for @Breakingviews, with an interest in European energy, property and the crossover w/ China. Here’s my first take on Blackstone’s latest headache, as cracks show in the commercial property market
Steve Schwarzman's firm defaulted on a 297 million euro securitised loan backed by Nordic offices, after failing to win support from bondholders. More messy workouts are likely as troubled deals come due, writes @ywchen1
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Must be a particularly difficult day for $BABA as it kicked off today the annual Singles Day shopping spectacle, China’s Black Friday equivalent. A friend said she is only considering buying three things this year, with coupons for McDonald’s being the top item on her wish list.
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Hong Kong has been absent from the travel itinerary of Wall Street bosses for nearly three years. As Singapore steals its limelight, the city is facing more pressure to show it’s open for business. My latest
On @Breakingviews: Hong Kong's central bank chief is luring global financiers to the city's November confab, but they're unlikely to agree without quarantine waivers. That risks local ire. But to stay relevant, Hong Kong has little choice, says @ywchen1
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Reading the prospectus of AMTD, the mysterious co that had at its peak soared 36,400% over its U.S. IPO price before coming crashing down, and this mission statement cracks me up. “Fusion reactor”, what a strange euphemism for saying “hey we are power/financial brokers”
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@CameronWEF curious what the insurance policy is like these days. Thought there was a covid insurance that became popular during early pandemic?
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RT @jakespring: Three heatwaves on three continents. Just a normal day on the environment page.
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RT @Breakingviews: Authorities in Henan finally agreed to cover customer deposits that were frozen in April after getting caught in a possi…
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Heard some friends in Shanghai urgently packed up bags over the past weekend. We had written in May China’s covid-19 “new normal” will challenge hopes for a quick rebound.
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July is going to be a tough month for Chinese developers and their investors. Little surprise that Shanghai-based Shimao, once with good standing, missed repayments on $1 bln offshore bond this past weekend
From @Breakingviews: China Vanke reckons parts of the Chinese housing market are recovering. But weaker rivals are struggling and a rebound requires access to borrowing markets where investors remain skeptical, say @ywchen1 and @JennHughes13
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RT @SixthTone: In April, Shanghai declared all-out war against Omicron. As the city finally opens up once more, many are emerging from lock…
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Uncontained, the present crisis risks a vicious cycle in which falling real wages further deter domestic consumption, and therefore investment and job creation. It’s a scenario reminiscent of the stagnation that plagued Japan for decades. My latest
Youth unemployment hit a record 18% as the national rate heads toward levels not seen since 2008. This Chinese jobs crisis could be its worst, writes @ywchen1
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