tracks of Joanne

● Google Antitrust Actions May Have Hit a Tipping Point, Bloomberg Opinion, 201218

- LINK: http://www.www.bloomberg.com/opinion/articles/2020-12-17/google-antitrust-actions-may-have-hit-a-tipping-point?cmpid=BBD121820_CAS&utm_medium=email&utm_source=newsletter&utm_term=201218&utm_campaign=closeasia&sref=AZRweBR4 

▷ 금번 제기된 구글 소송은 아전 건보다 광범위한 범위의 문제제기를 하는 건임. 이전 소송 건은 1. suit the Department of Justice brought against company in October 2. the separate action filed Wednesday by 10 Republican states. 

▷ 금번 소송에서 문제 제기된 내용은 1. 구글이 타사의 인터넷 시장 진입 장벽을 높게 만들었다는 건(a monopolistic gatekeeper, free to limit passage across the internet and to charge supracompetitive tolls)과 2. 여행, 가전수리 등 특정 사업 영위 기업들이 검색에 노출될 확률을 낮추었다는 건(Google has also stifled other internet companies in specialized categories such as travel, home repair and local services by lowering their prominence on search result pages and through domineering business practices) 3. 위 업체들이 구글의 검색 서비스인 One Box에 접근하지 못하도록 했다는 건 (Google discriminates against companies in the categories where it competes by restricting their access to a prominent area of the search results page called “OneBox.”)임.

(*) 구글의 One Box의 예시

▷ 테크기업에 대한 반독점 규제는 전세계적으로 강화되고 있음. 금년 10월 U.S. House antitrust subcommittee에서 독점행위를 규제하기 위한 450페이지의 입법제안서 제출했고 중국/EU 반독점규제당국도 근래 테크기업의 불공정행위를 제제하는 정책을 펴고 있음.

● The Work-From-Home Boom Is Here to Stay. Get Ready for Pay Cuts, Bloomberg Businessweek, 201217

- LINK : http://www.www.bloomberg.com/news/features/2020-12-17/work-from-home-tech-companies-cut-pay-of-workers-moving-out-of-big-cities?cmpid=BBD121820_CAS&utm_medium=email&utm_source=newsletter&utm_term=201218&utm_campaign=closeasia&sref=AZRweBR4

▷ 재택근무가 보편화되며 일부 기업이 근로자의 근무지역에 따라 (물가수준 높은 대도시 소재 사무실 근무/물가수준 낮은 소도시 소재 자택 근무) 임금을 차등 지급하는 시도가 있음.

▷ 이와 같은 변화는 단지 기업 임금 지급 형태에만 영향을 미치는 것에 그치지 않고, 소외되었던 도시 내 비백인 잠재 고용인원의 발굴, 기존 미국 내 도시의 정치지형의 변화, 결혼 시장으로서의 대도시의 지위 부상 등의 결과를 가져올 것으로 예측됨.

● Investors Are Learning to Live With China’s Credit Defaults, Bloomberg, 201211

- LINK: http://www.bloomberg.com/news/articles/2020-12-11/investors-are-learning-to-live-with-china-s-corporate-defaults?cmpid=BBD121420_CAS&utm_medium=email&utm_source=newsletter&utm_term=201214&utm_campaign=closeasia&sref=AZRweBR4

- LINK : http://www.bloomberg.com/news/storythreads/2020-12-03/the-ticking-debt-bomb-in-china-s-15-trillion-bond-market?sref=AZRweBR4 (위 내용에 대한 F/U 뉴스스레드)

▷ 중국의 국영 기업 관련 채권 시장 내에서 연이어 기업들이 디폴트를 선언하는 모습이 나타나고 있음. 이는 그동안 중국 정부에서 자국 국영기업을 보호하던 기조에서 일부 부실기업을 퇴출하는 기조로 변경된 것으로 해석할 수 있으며 특히 중국 지방 은행들이 위 부실 국영기업의 채권을 다수 보유하여 위험에 노출되었다는 사실과도 관련됨. 

▷ 중국 기업 채권시장은 채권 발행 기업 전체의 96%가 투자등급을 기록할 정도로 다수 기업의 신용등급이 Inflated인 상황이었으며 이에 대해서 중국 규제당국이 감시에 나서겠다고 입장 표명한 바 있음.

● After the Pandemic, a Pile of IOUs, Bloomberg Opinion, 201213

-  LINK : http://www.bloomberg.com/opinion/articles/2020-12-13/after-coronavirus-pandemic-world-faces-mountain-of-debt?cmpid=BBD121420_CAS&utm_medium=email&utm_source=newsletter&utm_term=201214&utm_campaign=closeasia&sref=AZRweBR4

● Thiel-Backed Bridgetown SPAC Weighs Up to $10 Billion Tokopedia Deal, Bloomberg, 201215

- LINK : http://www.bloomberg.com/news/articles/2020-12-15/thiel-backed-spac-said-to-weigh-up-to-10-billion-tokopedia-deal?cmpid=BBD121620_CAS&utm_medium=email&utm_source=newsletter&utm_term=201216&utm_campaign=closeasia&sref=AZRweBR4

▷ SPAC 상장사 Bridgetown Holdings Ltd는 인도네시아 온라인 상거래 기업 PT Tokopedia와의 SPAC 합병을 통한 상장을 계획 중이라는 보도가 나옴. 동사는 인도네시아에서 Gojeak 다음으로 가치가 유망한 스타트업이며 소프트뱅크, 알리바바, 알파벳, 테마섹 등으로부터 투자 유치받은 바가 있음.

● Ant Conducting ‘Self-Review’ After $35 Billion IPO Collapses, Bloomberg,201216

- LINK : http://www.bloomberg.com/news/articles/2020-12-16/ant-conducting-self-review-after-35-billion-ipo-collapses?cmpid=BBD121620_CAS&utm_medium=email&utm_source=newsletter&utm_term=201216&utm_campaign=closeasia&sref=AZRweBR4

▷ 중국 핀테크기업 Ant 그룹은 상장 실패 이후 규제당국의 요구에 따라 자본 요구 조건 등을 충족시키기 위해 준비 중임.

● China Fines Alibaba, Tencent Unit Under Anti-Monopoly Laws, Bloomberg, 201214

- LINK: http://www.bloomberg.com/news/articles/2020-12-14/china-fines-alibaba-tencent-for-flouting-rules-in-past-deals?cmpid=BBD121420_CAS&utm_medium=email&utm_source=newsletter&utm_term=201214&utm_campaign=closeasia&sref=AZRweBR4

● Blank Check IPOs, the Status Symbol of 2020, Have Raised $32 Billion This Year, Bloomberg Businessweek, 200827

- LINK : http://www.bloomberg.com/news/articles/2020-08-27/what-are-spacs-the-hottest-stocks-of-2020?sref=AZRweBR4

▷ 미국 내 SPAC 상장 규모는 2020년 들어 31.6조 달러 규모로, 2020년 상반기 기준 전체 상장 규모의 40%을 초과하며 전년 동기 대비 2배 이상 증가한 수치임.

▷ 이와 같은 SPAC 활성화의 요인은 첫번째 역대급 낮은 금리와 주식시장의 높은 밸류에이션으로 인해 투자자들이 적절한 수익을 향유하기 위해 SPAC에 관심을 가지게 되었다는 점과 두번째 PE, VC 등의 주체가 보유 딜의 엑싯을 위해 SPAC을 하나의 도구로 고려하게 되었다는 점으로 추측됨. 아울러 SPAC이 일반 상장에 비해 절차가 간편하고 자금 조달에 있어서도 용이한 점도 긍정적인 요소임.

▷ SPAC을 추진하는 기관 입장에선 SPAC을 주선하는데에 대한 보상으로 SPAC 주식수의 일정비율을 낮은 가격으로 취득할 권리와 Warrant을 부여받는 건이 주어짐.

CFA Lv.2 시험을 마치고 다소간 여유가 생겼다

무엇을 더 채워나갈지에 대해 고민을 해본다

공부하던 중 여유가 나서 잠시.

● Trumpism Is Here to Stay, No Matter Who’s in the White House

- link: www.bloomberg.com/news/features/2020-11-04/election-2020-trumpism-isn-t-going-away-even-if-trump-loses?cmpid=BBD110620_CAS&utm_medium=email&utm_source=newsletter&utm_term=201106&utm_campaign=closeasia&sref=AZRweBR4

● Uber, Lyft Jump After Winning California Vote Over Drivers

- link: www.bloomberg.com/news/articles/2020-11-04/uber-lyft-shares-jump-as-companies-win-vote-over-drivers?cmpid=BBD110420_OAS&utm_medium=email&utm_source=newsletter&utm_term=201104&utm_campaign=openasia&sref=AZRweBR4

Uber shares surged as much as 18%, the most since March, while Lyft rose as much as 22%, the most since May, following the passage of Proposition 22. The initiative was crafted and bankrolled by gig-economy companies to exempt their workers from a new law designed to give them employee benefits.

The ballot measure in their home state was the costliest in California history. Uber and Lyft, along with venture-backed food delivery companies DoorDash Inc., Instacart Inc. and Postmates Inc., contributed about $200 million to fund “Yes on 22.” Labor unions and other opponents raised only about $20 million.

Under the new law, gig companies have agreed to provide some new protections to California workers, including a guaranteed wage for time spent driving and a health insurance stipend, but does not include paid sick leave, unemployment insurance and other standard protections afforded under California labor laws.

● Derailing of Jack Ma’s Ant IPO Shows Xi Jinping’s in Charge

- link: www.bloomberg.com/news/articles/2020-11-04/derailing-of-jack-ma-s-mega-ant-ipo-shows-xi-jinping-s-in-charge?cmpid=BBD110420_OAS&utm_medium=email&utm_source=newsletter&utm_term=201104&utm_campaign=openasia&sref=AZRweBR4

Policy makers in Beijing shocked the investment world on Tuesday by suspending an initial public offering by Ant Group Co., a fintech company owned by billionaire Jack Ma -- China’s second-richest man. The decision came just two days before shares were set to trade in a listing that attracted at least $3 trillion of orders from individual investors.

The timing of the decision showed once again that for Xi and the party, financial and political stability take precedence over ceding control of the economy -- especially to a private company. In Beijing’s view, allowing the IPO to go forward could effectively give Ant too much sway over the financial system, posing broader risks that could ultimately undermine the party’s grip on power.

Many analysts saw the move as sensible, even if the timing was disruptive. Chinese regulators said Ant’s business model effectively allowed it to charge higher fees for transactions while state-run banks took on most of the risk. At the same time Ant sought to list, authorities were racing to develop rules that would subject financial holding companies to higher capital requirements. It’s also planning to create a digital yuan, which is part of its push to maintain control over the stability of its payment system.

● World’s Largest Fertilizer Firm Sees Boon From China Hog Farming

- link: www.bloomberg.com/news/articles/2020-11-03/world-s-largest-fertilizer-firm-sees-boon-from-china-hog-farming?cmpid=BBD110420_CAS&utm_medium=email&utm_source=newsletter&utm_term=201104&utm_campaign=closeasia

Changes to China’s hog-farming practices may prove to be a boon for fertilizer companies and farmers around the world, according to Nutrien Ltd.’s top executive.

China is rebuilding its hog herd after last year’s African swine fever outbreak prompted the Asian nation to cull hundreds of millions of animals, Nutrien Chief Executive Officer Chuck Magro said Tuesday in a phone interview. The livestock is now going into larger feed centers and more commercial operations, increasing demand for feed crops that should benefit growers and fertilizer firms.

The fertilizer industry is poised to benefit from this shift from smaller farms to mass production since commercial-sized hog feedlots will use more crops that require nutrient inputs. Nutrien, the world’s largest crop-nutrient supplier, expects demand for all fertilizers in China to increase in 2021 due to tight domestic crop supplies, demand balances and higher crop prices.

● World’s Top Hedge Fund Soars 275% With Bets on China Schools

- link: www.bloomberg.com/news/articles/2020-11-01/world-s-top-hedge-fund-soars-275-with-huge-bet-on-china-schools?cmpid=BBD110220_CAS&utm_medium=email&utm_source=newsletter&utm_term=201102&utm_campaign=closeasia&sref=AZRweBR4

● Brexit Negotiators Move Close to Breaking Impasse Over Fish

- link: www.bloomberg.com/news/articles/2020-11-01/brexit-negotiators-move-close-to-breaking-key-impasse-over-fish?cmpid=BBD110120_OAS&utm_medium=email&utm_source=newsletter&utm_term=201101&utm_campaign=openasia&sref=AZRweBR4

● Dunkin’ Coffee? Cheap. Dunkin’ Deal? Priciest Ever.

- link: www.bloomberg.com/opinion/articles/2020-11-01/dunkin-11-3-billion-takeover-is-priciest-restaurant-deal-and-worth-it?cmpid=BBD110120_OAS&utm_medium=email&utm_source=newsletter&utm_term=201101&utm_campaign=openasia&sref=AZRweBR4

● Here’s Everything You Need to Know About Ant’s Pulled IPO

link: www.bloomberg.com/news/articles/2020-11-04/here-s-everything-you-need-to-know-about-ant-s-pulled-ipo?cmpid=BBD110420_CAS&utm_medium=email&utm_source=newsletter&utm_term=201104&utm_campaign=closeasia&sref=AZRweBR4

비단 CFA 시험 때문에 블로그 업데이트가 안되었던 것은 아니고, 일상 하나씩 풀어내느라 시간이 한달여가 지나버렸다

CFA 시험은 두달 코앞으로 다가왔고, 딜은 계속 들어오고, 올 한해의 남은 큼직한 보스몹들은 나를 기다리고 있기에... 다른 볼일 보다가 검색어에 걸려서 읽게 된 아티클 몇 건만 선정해서 아래와 같이 남겨둔다

● Not Even a $23 Billion Buyout Is Rich Enough for a Railroad Anymore

- link: www.bloomberg.com/news/articles/2020-09-14/why-kansas-city-southern-railroad-rejected-a-23-billion-buyout?sref=AZRweBR4

: 캔자스시티의 철도회사 (멕시코-미국 간 연결)가 사모펀드의 인수제안을 물리친 건에 대해 동 철도회사가 코로나 이후 기존 철도 이용 수요 회복시 본건 인수에서 제안된 밸류보다 더 높은 밸류로 매각이 가능할 것이라고 판단하여 위 제안을 물리친 것이라고 칼럼은 분석함.

● Private Equity Using Loans for Payouts at Fastest Pace in Years

- link: www.bloomberg.com/news/articles/2020-09-18/private-equity-using-loans-for-payouts-at-fastest-pace-in-years?sref=AZRweBR4

: 사모펀드들이 리캡을 하는 방식으로서 본건 equity에 대한 배당의 재원으로 Leveraged Loan Mkt을 활용한다는 내용의 기사.

● Apollo Weighs Deal for $10 Billion Plastics Firm Covestro

- link: www.bloomberg.com/news/articles/2020-09-17/apollo-said-to-weigh-deal-for-10-billion-plastics-firm-covestro?sref=AZRweBR4

: 사모펀드 Apollo에서 폴리카보네이트(PC)라는 소재를 생산하는 독일 Covestro 기업을 인수하였으며, 동사는 단열에 견디는 플라스틱 소재 생산에 특화되어있음. 이와 같은 유사한 형태의 기초소재 기업 바이아웃 딜 건은 지속적으로 그 수와 규모에서 증가해왔음

● Private Equity Firms Bet on Booming Demand for Online Shopping

- link: www.bloomberg.com/news/articles/2020-10-01/private-equity-firms-bet-on-booming-demand-for-online-shopping?sref=AZRweBR4

: 코로나 시국을 맞아 온라인 쇼핑과 연계된 산업 내 기업을 각국의 사모펀드가 인수하는 모습이 펼쳐지고 있음.

이번 달 초부터 CFA 준비 본격적으로 시작

◆ 7-Eleven Owner to Buy Marathon Petroleum's Speedway Gas-Sations for $21 Billion

- link : https://www.bloomberg.com/news/articles/2020-08-02/7-eleven-owner-to-buy-marathon-s-speedway-unit-for-21-billion?cmpid=BBD080320_CAS&utm_medium=email&utm_source=newsletter&utm_term=200803&utm_campaign=closeasia&sref=AZRweBR4

- 인수의 경위가 무엇인지, 어떤 시너지 효과가 기대되는지

◆ Singapore May Allow Foreign Banks to Create Digital-Only Units

- link : https://www.bloomberg.com/news/articles/2020-08-03/singapore-may-allow-foreign-banks-to-create-digital-only-units?cmpid=BBD080320_CAS&utm_medium=email&utm_source=newsletter&utm_term=200803&utm_campaign=closeasia&sref=AZRweBR4

- 외국계 은행들에게 부분적으로 디지털 은행 출범을 허용하면서 메기효과 기대?

(연관 기사) 

◆ Singapore Sees 'Strong Interest' in Digital Bank Licenses

- link : https://www.bloomberg.com/news/articles/2020-01-07/singapore-digital-bank-licenses-draw-21-applications-mas-says?sref=AZRweBR4

◆ Goldman, BofA Left Off Ant IPO for Work With Alibaba Rivals

- link : https://www.bloomberg.com/news/articles/2020-08-02/goldman-bofa-left-off-ant-ipo-after-working-for-alibaba-rivals?cmpid=BBD080320_CAS&utm_medium=email&utm_source=newsletter&utm_term=200803&utm_campaign=closeasia&sref=AZRweBR4

- 미 중 정치적 갈등 격화로 중국 내 진출 미국계 은행은 중국 거대기업 딜에 참여하기 어려워짐

◆ Xi Speeds Up China's Inward Economic Pivot in More Hostile World

- link: https://www.bloomberg.com/news/articles/2020-07-31/xi-speeds-up-china-s-inward-economic-pivot-in-more-hostile-world?sref=AZRweBR4

◆ Australia Lowballs Iron Bonanza That Boosts Economy, Budget

- link: https://www.bloomberg.com/news/articles/2020-07-29/australia-lowballs-iron-bonanza-that-boosts-economy-and-budget?cmpid=BBD072920_OAS&utm_medium=email&utm_source=newsletter&utm_term=200729&utm_campaign=openasia&sref=AZRweBR4

- 코로나시국 하에서 중국 경제의 점진적 회복으로 철광석 수요가 늘어나고, 철광석 대표적 공급지인 호주도 영향권 내에 들게됨

◆ Oil Prcies for Jul.29, 2020: Brent Crude, WTI

- link : https://www.bloomberg.com/news/articles/2020-07-28/oil-holds-near-41-as-traders-weigh-u-s-stockpiles-against-fed?cmpid=BBD072920_OAS&utm_medium=email&utm_source=newsletter&utm_term=200729&utm_campaign=openasia&sref=AZRweBR4

◆ Google's Search Dominance Deserves Big Tech Congress Scrutiny

- link : https://www.bloomberg.com/opinion/articles/2020-07-29/google-s-search-dominance-deserves-big-tech-congress-scrutiny?cmpid=BBD072920_OAS&utm_medium=email&utm_source=newsletter&utm_term=200729&utm_campaign=openasia&sref=AZRweBR4

구글 포함 거대 테크 기업 미국 청문회에서 개인정보보호 침해 및 관련 산업 소규모 기업의 지속적인 인수로 독과점 강화시키는 점 등을 비판받은 데서 볼 때 향후 위 거대 테크 기업에 대한 이슈가 계속 제기될 것으로 보임

◆ Universal-AMC Movie Theater Deal Could Upend Industry

- link : https://www.bloomberg.com/opinion/articles/2020-07-29/universal-amc-movie-theater-deal-could-upend-industry?cmpid=BBD072920_OAS&utm_medium=email&utm_source=newsletter&utm_term=200729&utm_campaign=openasia&sref=AZRweBR4

영화, 드라마 콘텐츠 제작 Theater Industry 내 기업들이 코로나 시국으로 영화관에 찾아오는 고객들이 적어지자, 영화 상영 시점과 타 플랫폼에 콘텐츠 제공 시점 간 기간을 점차 줄이고 있는데 이는 넷플릭스 등의 콘텐츠 제공 플랫폼의 협상 파워가 강해지며 나타난 현상으로 보임.

이번주 한주는 쉬어가는 주가 되는 걸로...

● Insiders Who Nailed Market Bottom Are Starting to Sell Stocks

Corporate insiders, whose buying correctly signaled the bottom in March, are now mostly sellers. Almost 1,000 corporate executives and officers have unloaded shares of their own companies this month, outpacing insider buyers by a ratio of 5-to-1, data compiled by the Washington Service showed.
“When the market is trading as it is, very close to all-time highs, it gives the optics that insiders don’t believe the market being at these levels,” Robert Pavlik, a senior portfolio manager at SlateStone Wealth, said by phone. “It presents the appearance that they think their stocks are overvalued. It may be true, but there is no definite way to tell.”

- link: www.bloomberg.com/news/articles/2020-07-22/insiders-who-nailed-market-bottom-are-starting-to-sell-stocks?sref=AZRweBR4

● Nvidia Eyes Biggest-Ever Chip Deal in Pursuit of SoftBank’s Arm

Arm Ltd., the chip designer that’s one of SoftBank Group Corp.’s most prized holdings, is attracting takeover interest from Nvidia Corp. in what could become the biggest-ever semiconductor deal, people with knowledge of the matter said.
Arm’s technology underpins chips in everything from Apple Inc. devices to connected appliances. It’s becoming more valuable as the company pushes for its architecture to be used in more smart cars, data centers and networking gear. The company could be worth $44 billion if it pursues an initial public offering next year, a valuation that may rise to $68 billion by 2025, according to New Street Research LLP.

- link: www.bloomberg.com/news/articles/2020-07-22/softbank-s-chip-company-arm-is-said-to-attract-nvidia-interest?sref=AZRweBR4

● European Rescue Fund Creates a New Big Beast in Bond Market

EU agreeing a deal to distribute 750 billion euros of grants and loans among its 27 members to bolster the recovery from the pandemic is a good news for bond investors who are looking for safe-degree asset.

- link: www.bloomberg.com/opinion/articles/2020-07-22/european-rescue-fund-creates-a-new-big-beast-in-bond-market?cmpid=BBD072220_OAS&utm_medium=email&utm_source=newsletter&utm_term=200722&utm_campaign=openasia&sref=AZRweBR4

● China's Economy Returns to Growth Amid Global Virus Struggle

- 링크: https://www.bloomberg.com/news/articles/2020-07-16/china-s-economy-returned-to-growth-last-quarter-as-virus-eased?cmpid=BBD071620_CAS&utm_medium=email&utm_source=newsletter&utm_term=200716&utm_campaign=closeasia&sref=AZRweBR4

중국의 2분기 경제성장률 지표가 컨센서스를 상회하는 가운데, 동 지표의 상승이 소비 부문의 상승이 아닌 생산 부문의 상승에서 기인했다는 점, 소비 부문에서 화장품, 생활용품 등의 가벼운 소비재 소비 상승과 자동차, 케이터링서비스, 석유 제품 등의 무거운 소비재 소비 하락이 동반된 점, 중국 실업률 지표가 하락한 점, 중국 재정당국 및 통화당국에서 지속적으로 완화정책을 펴지 않을 것이라고 신호를 보낸 점 등을 볼 때 중국 경기 회복 신호는 지켜봐야 할 것임.

● Without Tourists, Asia's Vendors Turn to Facebook

- 링크: https://www.bloomberg.com/news/articles/2020-07-16/asia-s-vendors-turn-to-facebook-with-tourism-paused?sref=AZRweBR4

코로나 사태 이후 아시아의 소규모 상점들은 자신들의 판매채널을 면대면 방식의 오프라인 매장이 아닌 페이스북 등의 소셜서비스업체가 제공하는 온라인 비대면 플랫폼을 이용하고 있음.

● Cities are no longer escalators of opportunity, MIT Study Finds

- 링크: https://www.bloomberg.com/news/articles/2020-07-08/cities-are-no-longer-escalators-of-opportunity-mit-study-finds?cmpid=BBD070820_CAS&utm_medium=email&utm_source=newsletter&utm_term=200708&utm_campaign=closeasia&sref=AZRweBR4

Cities such as New York, San Francisco, Chicago, and Houston are still good places to work for people in high-paid professions such as banking, but they’re no longer good for people in middle-paying jobs, finds the new study, “The Faltering Escalator of Urban Opportunity” (PDF), by MIT economist David Autor. It was released on July 8 by MIT’s Task Force on the Work of the Future, which Autor co-chairs.

● Belt and Road Re-emerges in Pakistan With Flurry of China Deals

-링크: https://www.bloomberg.com/news/articles/2020-07-15/belt-and-road-re-emerges-in-pakistan-with-flurry-of-china-deals?cmpid=BBD071620_CAS&utm_medium=email&utm_source=newsletter&utm_term=200716&utm_campaign=closeasia&sref=AZRweBR4

중국의 Belt and Road program 하에서 협력 중인 파키스탄이 도로 정비사업, 수소발전사업 등의 일부 사업을 재개함.  위 프로그램은 중국에게는 아시아 국가에 대한 정치적 영향력 확대, 중국 내 고용 창출효과 등의 이점이 있으며 수혜국에는 인프라 사업 설치에 있어 관련 기술 습득의 이점이 있음.

● Ambani's Big Steps Look Tame to Investors After Stock Doubles

- 링크: https://www.bloomberg.com/news/articles/2020-07-16/ambani-s-big-steps-look-tame-to-investors-after-stock-doubles?cmpid=BBD071620_CAS&utm_medium=email&utm_source=newsletter&utm_term=200716&utm_campaign=closeasia&sref=AZRweBR4

인도 거대 재벌 기업 Jio Platforms이 구글 등의 지분 취득으로 인한 인도 내 5G 인프라 구축사업 활성화와 같은 시너지효과에도 불구하고 아람코와의 딜(동사의 화학/석유제품 판매 사업부문 지분 넘기는 딜)이 지연되는 등의 여파로 인해 금번 실적 발표 후 주가가 하락하는 모습을 보임.

● Singapore's Lee Retains Power But Party Has Weakest Showing Ever

-링크: https://www.bloomberg.com/news/articles/2020-07-10/singapore-ruling-party-set-to-win-vote-despite-historic-setback?sref=AZRweBR4

싱가폴의 집권당인 인민행동당은 오랜기간 의회를 지배해왔으나 금번 선거에서 노동당이 최초로 두 자릿수 의석을 확보하며 달라진 정치지형을 보여줌.

● China Banks' Latest Bailout: Where's the Equity?

- 링크: https://www.bloomberg.com/opinion/articles/2020-07-07/china-s-makeshift-stakes-won-t-be-enough-to-save-small-banks?sref=AZRweBR4

중국 중앙정부는 특수 채권을 발행해 중국 지방정부로 하여금 지방 중소형 기업의 자금줄을 담당하고 있는 지방은행의 전환사채를 구입하도록 하고 있으나, 칼럼의 저자는 은행의 자본이 충분히 마련되어야만 위 기업 앞으로 자금을 제공할 수 있음을 지적하고 있음.

● Homes can shelter India's China Dream After Covid

- 링크: https://www.bloomberg.com/opinion/articles/2020-07-11/india-s-china-dream-depends-on-housing-migrant-labor-after-covid?sref=AZRweBR4

인도의 고속 경제성장이 뒷받침되기 위해서는 비도심에서 도심으로 이동하는 유휴 노동인력들이 사용할 주거공간이 충분히 마련되어야하며, 정부 당국에서 위와 같은 주거공간을 공급할만한 정책을 펼쳐야 함. 금번 코로나 사태에서 직업을 잃은 비도심 인구들이 자신의 고향으로 돌아가고 있음.

Ray Dalio, the founder of Bridgewater, identifies seven key signs of closed-mindedness in his book Principles. Go through the list and honestly ask yourself: do I sometimes behave this way? Which topics or situations tend to trigger this behaviour?

1. You don’t want your ideas challenged. Closed-minded people are more interested in being right than in learning others’ perspectives and asking questions. You feel bad about getting stuff wrong, and you are frustrated when you can’t get someone else to agree with you.
2. You are more likely to make statements than to ask questions. Open-minded people tend to ask a lot of questions.
3. You focus more on being understood than on understanding others. When someone disagrees with them, closed-minded people will often assume that they aren’t being understood, rather than considering whether they are the ones who are not understanding the other person’s perspective.
4. You say “I could be wrong, but…” Ray Dialo calls it “a perfunctory gesture that allows people to hold their own opinion while convincing themselves that they are being open-minded.”
5. You prevent others from speaking. Closed-minded people tend to not leave enough room in the conversation for other people to participate and share their opinions, effectively blocking them.
6. You have trouble holding two thoughts simultaneously in your mind. Open-minded people tend to not struggle as much to hold several conflicting concepts in their mind and to go back and forth between them.
7. You lack a deep sense of humility. Of course, many people consider themselves humble. But we often let our ego get in the way of our thinking. Humility comes from experiencing failure, and closed-minded people tend to avoid failure by sticking to what they think they know.

How to foster an open mind

Looking at the seven key signs of closed-mindedness identified by Ray Dalio and designing counter-strategies is a good way to foster an open mind.

• Manage your emotions. Don’t get angry when someone disagrees with you. Understand that there is always the possibility that you might be wrong, and that it’s worth it to consider the other person’s opinion in order to be sure you are not missing something.
• Ask lots of questions. Asking good questions is one of the best ways to learn. Avoid leading questions. Keep them as open as possible to give the other person enough flexibility in their answers.
• Use the two-minute rule. Ray Dalio recommends giving the other person at least two minutes of uninterrupted time to explain their thinking before jumping in with your own. The longer, the better.
• Focus on listening. When discussing a topic with someone, truly listen to them. Don’t start forming an answer in your head before they’re done speaking.
• Diversify your content diet. The content of your mind garden is largely based on the seeds you plant in it. Make sure to consume content from various sources so you can compare various opinions instead of sticking to your default ones.

- 링크: nesslabs.com/closed-mind-to-open-mind

퍼블리 뉴스구독레터에서 알게 된 좋은 글. 일터이든 주변 사람과의 만남이든 일상에서 늘 염두에 두어야 하는 생각들.