APAC MONDAYS

GEOPOLITICAL RISK+GLOBAL MARKETS

APAC | GEOPOLITICAL RISK

TRUMPED (AGAIN) Trump's Opening to North Korea Is No Surprise -The National Interest

Commentary: What critics of North Korea summit get wrong -Reuters

China's Xi allowed to remain 'president for life' as term limits removed China has approved the removal of term limits for its leader, in a move that effectively allows Xi Jinping to remain as president for life. -BBC

China’s naval presence deterred Indian intervention in Maldives crisis: sources -The Japan Times

China-South Korea Relations: A Delicate Détente The thaw in relations is not going to last long. -The Diplomat

Election tests Hong Kong’s stomach for defying Beijing Hong Kong residents voted Sunday in by-elections that give opposition supporters the chance to recapture lost ground in a contest measuring voters’ appetite for democracy in the semiautonomous Chinese city. -The Washington Post

Making Diplomatic Waves off the Diaoyutais A Taiwanese fishing vessel was water cannoned by Japanese patrol vessels for straying too close to exclusive waters. -The News Lens

Japan asks Trump for tariff exemption but gets no answer -The Japan Times

TPP 11: How Asia took the lead in free trade The trans-Pacific pact will help business, but hopes remain for a US return -Nikkei

CPTPP more crucial than ever in the face of rising protectionism At 2am this morning, Singapore time - or 3pm on a Chilean afternoon - the remaining 11 members of the Trans-Pacific Partnership (TPP) met in Santiago to sign the revised trade pact, definitively overcoming the existential threat posed by the withdrawal of the United States in January last year. -The Straits Times

Turnbull Says Trump Promised Him Exemption on Metals Tariffs -Bloomberg

APAC | MARKETS IMPACT+OPPORTUNITY

GLOBAL BUSINESS

Is China’s ambitious Belt and Road Initiative a risk worth taking for foreign investors? Five years after it was first unveiled, questions remain about whether foreign participants can actually benefit from the world’s most ambitious infrastructure plan -SCMP

Trump Takes the Bait From Musk, Attacks China Auto Import Duties -Bloomberg

“For example, an American car going to China pays 25% import duty, but a Chinese car coming to the US only pays 2.5%, a tenfold difference” — Elon Musk

China’s preferential regulations can help it win the self-driving race I like to refer to China’s legal system as “law in a petri dish.” But local pilot programs have now become the norm for testing innovative policies in China and are exceptionally helpful today for the development of AI. -Tech in Asia

China steps up scrutiny of bank shareholders China's banking regulator has ordered shareholders that have acquired more than five per cent stakes in commercial banks through the use of financial products like insurance and asset management schemes to reduce their holdings within a year. -The Straits Times

PODCAST OF THE WEEK Episode 239: The Regulation Shift on Fintech in China with Zennon Kapron -Analyse Asia

Niu Horizons: The Stunning Growth of China's Dairy Industry -The News Lens

Itochu climbs aboard China's Belt and Road Initiative Japanese company uses improved logistics to start Japan-Europe freight service -Nikkei

Bain & Co.'s Asia push begins with Japan New global chief expects to double Asia-Pacific revenue 'in next few years' When Bain & Co. chose Tokyo as the venue for a planning session for the entire Asia-Pacific region at the end of February, there was a reason: Japan posted the biggest growth for the Boston-based management consultancy last year. -Nikkei

U.S. has ordered Broadcom to give notice of steps to redomicile A U.S. national security panel has ordered Singapore-based chipmaker Broadcom (AVGO.O) to provide it with five business days’ notice before taking any action toward redomiciling to the United States -Reuters

The previously undisclosed requirement shows that the Committee on Foreign Investment in the United States (CFIUS), which reviews foreign acquisitions of U.S. companies for potential national security risks, is aware that its jurisdiction could be contested if Broadcom redomiciles to the United States.

The legal advice that AI and fintech startups need -Tech-in-Asia

GLOBAL MACRO

BARGAINING POWER? China says trade war with U.S. will only bring disaster to global economy Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said on Sunday, as Beijing stepped up its criticism on proposed metals tariffs by Washington amid fears it could shatter global growth -Reuters

Global equity funds target Japanese companies without heirs Carlyle and Citic bring in cash and guidance on exporting to overseas markets -Nikkei

iCAVEAT EMPTOR iPhone assembler Foxconn readies China's biggest IPO since 2015 Foxconn Industrial Internet Co, a unit of Apple Inc.'s most important assembly partner, won approval on Thursday (March 8)to list in Shanghai about a month after publishing a prospectus that outlined plans to spend 27.3 billion yuan (S$5.67 billion) on expansions into cutting-edge technology. -SCMP

Cryptocurrency dangers lurk for investors and governments Unregulated virtual currencies have made some speculators wealthy – for now – but they have also enabled criminals to flourish beyond the scrutiny of the financial system -SCMP

Myanmar's once-sleepy coffee industry reborn as 'premium' origin Better quality and abundant land highlight country's export potential -Nikkei