The Hormuz Switch: What the US-Iran Oil Trade Is Actually Pricing
Markets have priced the negotiation as a binary on-off switch.
The Liquidity of Meaning
Risk is a relationship long before it becomes an event..
What Chinese institutional investors see that Western analysts miss
The dollar story looks very different from the other side of it..
How the PBOC runs monetary policy: rates, reserves, and the Loan Prime Rate
The People's Bank of China, or PBOC, manages liquidity and the cost of credit through a small set of interlocking tools: the money supply, the reserve.
China's cross-border investment channels: QFII, Connect, and the RMB dashboard
Capital moves into and out of China through a defined set of named channels rather than a single open capital account.
China's GDP and demographics in 2025: the numbers that frame every market
Two long series sit behind every call on Chinese markets: the growth path of the economy and the aging curve of its population.
RMB internationalisation: payments, e-CNY, and the cross-border rails
The RMB's progress toward becoming a more widely used international currency runs on two tracks at once: its share of global payments messaging, and t.