logo
episode-header-image
Jan 2023
10m 31s

Beijing’s new tech control strategy

Financial Times
About this episode

Goldman Sachs’ profits plunged by two-thirds last quarter while Morgan Stanley reported a 40 per cent year-on-year drop in net income, and companies are facing a record number of shareholder proposals about abortion policies. Plus, Beijing is changing tack in its efforts to secure a firmer grip on the country’s technology companies. 


Mentioned in this podcast:

Morgan Stanley retains edge over Goldman due to booming wealth unit

China moves to take ‘golden shares’ in Alibaba and Tencent units

China tech stocks stage $700bn recovery rally

Shareholders bring US abortion battle to the boardroom


The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

Up next
Today
Canada’s push to become an energy superpower
The UK and France have pledged for the first time to co-ordinate the use of their nuclear weapons, the copper markets are reeling from US President Donald Trump’s threat to impose 50 per cent tariffs on the metal, and Canada has a plan to offset American energy levies by exportin ... Show More
11m 17s
Yesterday
BCG tries to limit Gaza work fallout
EU negotiators are closing in on a trade deal with Donald Trump that would cement higher tariffs than those granted to the UK, and Boston Consulting Group’s chief executive said the group’s involvement with a postwar plan for Gaza had been “reputationally very damaging”. Plus, Eu ... Show More
10m 31s
Jul 8
Liechtenstein's zombie-trust apocalypse
US President Donald Trump extended tariff deadlines, and Liechtenstein’s trust industry is in a crisis spurred by American sanctions against Russia. Plus, Shein filed for an initial public offering in Hong Kong, and Elon Musk is trying to save Tesla from Trump. Mentioned in this ... Show More
11m 18s
Recommended Episodes
May 2023
China’s next generation
Gideon talks to economist Keyu Jin about China’s goal of becoming the world’s biggest economy despite a falling population, the impact of the deterioration in US-China relations, and the way in which the aspirations of its younger generation are shaping policy in Beijing. The pod ... Show More
29m 54s
Aug 2021
Money Talks: What tech does China want?
The contours of Xi Jinping’s grand plan for the Chinese technology industry are emerging. But with so much damage done to the country’s star firms, host Henry Tricks asks what is driving the crackdown. Can the Communist Party pull off an ambitious overhaul of the data economy wit ... Show More
31m 5s
Oct 2022
Money Talks: Wall Street's top cop
Gary Gensler has spent just a little over a year and a half as the head of the Securities and Exchange Commission (SEC), America’s top markets regulator. In that time, he’s proposed 40 separate filings for rules, given 60 speeches, and intervened, in sometimes controversial ways, ... Show More
37 m
Oct 2022
Money Talks: Wall Street's top cop
Gary Gensler has spent just a little over a year and a half as the head of the Securities and Exchange Commission (SEC), America’s top markets regulator. In that time, he’s proposed 40 separate filings for rules, given 60 speeches, and intervened, in sometimes controversial ways, ... Show More
37 m
Nov 2022
Money Talks: The tech reckoning
Most of America’s biggest technology firms are having a bad time - and not just the ones who have been recently acquired by a mercurial billionaire. More than $1tn has been wiped from their market value in recent weeks. Is the sell-off just investor jitters? Or is it a symptom of ... Show More
35m 28s
Nov 2022
Money Talks: The tech reckoning
Most of America’s biggest technology firms are having a bad time - and not just the ones who have been recently acquired by a mercurial billionaire. More than $1tn has been wiped from their market value in recent weeks. Is the sell-off just investor jitters? Or is it a symptom of ... Show More
35m 28s
Dec 2022
Money Talks: China reopens
China’s draconian zero-covid policies have required repeated and lengthy lockdowns, enormous make-shift quarantine facilities, and endless testing for the population. They have also done real damage to its economy. After rare outbreaks of protest against the policy in several cit ... Show More
35m 59s
Dec 2022
Money Talks: China reopens
China’s draconian zero-covid policies have required repeated and lengthy lockdowns, enormous make-shift quarantine facilities, and endless testing for the population. They have also done real damage to its economy. After rare outbreaks of protest against the policy in several cit ... Show More
35m 59s
Oct 2021
Investment Masterclass with fund manager Baillie Gifford
Have you ever wondered what it would be like to manage an investment portfolio worth hundreds of billions of pounds? Global equities specialist Malcolm MacColl is one of two managing partners at the helm of Baillie Gifford, the Scottish asset management company, which manages mor ... Show More
25m 8s
Dec 2022
Bloomberg Wall Street Week - December 9th, 2022
On this edition of Wall Street Week, Liz Ann Sonders, Charles Schwab Chief Investment Strategist & Peter Kraus, Aperture Investors Chairman & CEO wrap up the week in the markets. Jeff Blau, Related Cos. CEO & Partner discusses the state of real estate with rising rates, and forme ... Show More
34m 49s