Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
HONG KONG (Reuters Breakingviews) - China is letting outside investors join the front line in its war on debt. The government will let foreigners control financial-sector joint ventures, and says it will eliminate ownership caps completely in a few years. Western financiers have been burned by such promises before. But the $10 trillion in uninvested savings languishing in local banks, plus a burgeoning wealth management industry, should encourage experienced players to take a second swing.
HONG KONG (Reuters Breakingviews) - Hong Kong's listing market looks more Chinese every day. China Literature, the online publishing arm of mainland tech colossus Tencent, smashed the chandeliers in its $1.1 billion Hong Kong debut, soaring more than 80 percent in early trade on Wednesday. As local punters swarm into mainland tech, the new-issue market is starting to mimic distortions more common in Shanghai and Shenzhen. For the bourse operator, Hong Kong Exchanges and Clearing, it's a good problem to have.
BEIJING (Reuters Breakingviews) - Beijing’s dollar bonds show how Chinese risk has been repriced. The country is selling $2 billion of five-and 10-year sovereign dollar bonds, the first such issue since 2004. Despite recent downgrades by global rating agencies, these are likely to yield just 30 to 50 basis points above U.S. Treasury bonds. Local banks can guarantee demand if needed, but there is also a genuine reassessment of China risk underway.
BEIJING (Reuters Breakingviews) - As China's Communist Party tightens its grip, Western hopes that rising incomes would produce more economic and political opening look like wishful thinking. For foreigners this "new era" means more risk emanating from the People's Republic.
SHANGHAI (Reuters Breakingviews) - China’s leaders seem to have made peace with the old economic model. More lending, roaring exports and higher property prices helped push up output by 6.8 percent in the third quarter. For all the talk of innovation, restructuring and deleveraging, the fundamentals driving the world's second-largest economy have not changed. China still depends on investment more than consumption, manufacturing over services, and cheaper products rather than stronger brands. For better or worse, Beijing looks okay with that.
HONG KONG/WASHINGTON (Reuters Breakingviews) - The Chinese Communist Party’s 19th National Congress kicks off this week. Delegates at the week-long confab will select new leaders, including for key financial and economic posts. But the spotlight will be on Xi and whether he can consolidate his power and extend his reign. Listen to the podcast: https://soundcloud.com/reuters/president-xi-jinpings-moment
HONG KONG The sexual revolution's greatest salesman has put down his smouldering pipe at 91. Hugh Hefner built Playboy magazine's blend of nudity and smarts into a business empire crowned with a bunny-ear logo that is recognised worldwide. But Hefner’s business aged far less gracefully than he did.
HONG KONG (Reuters Breakingviews) - China's central bank has ordered lenders to halt business with North Korean clients, Reuters reports. Tightening Chinese sanctions on the secretive regime are starting to show signs of economic effect, but Kim Jong Un's volley of missiles tests continues. Half-hearted cooperation between presidents Xi Jinping and Donald Trump is no credible deterrent, alas. The risk of real violence, instigated by a weak and reckless U.S. president, is rising.
［香港 １１日 ロイター BREAKINGVIEWS］ - 中国当局は、通貨政策を転換すべきか検討している。人民元のショート・ポジションを長年つぶしてきた結果、元相場を過熱させたのではないかとの懸念を当局者は抱いている。
HONG KONG (Reuters Breakingviews) - China is considering whether to stand its currency policy on its head. After years spent crushing yuan short positions, officials worry they've overheated the currency. But capping this rally will be tricky, diplomatically and economically. Better, perhaps, to let the bulls run a while longer.