Nasdaq executives plan to go to China this yr to restart information partnership talks with corporations there about entry to financial information desperately sought by Western buyers making an attempt to get a window into the world’s second-largest financial system, and considered one of its most secretive.
China is a puzzle for outsiders. Officers there are reducing rates of interest at a time when each different huge financial system is elevating them, making an attempt to jumpstart slower development. COVID-19 shutdowns made information even more durable to acquire, and a crackdown on information-sharing with the West has additional dimmed strains of sight and left buyers searching for clues.
Information about, for instance, what number of Nikes or Teslas are being bought there earlier than these corporations announce earnings could be a main edge, much like the insights that e-mail receipts, credit-card information, and foot-traffic monitoring present about American consumers’ habits.
Nasdaq was on the way in which to getting a maintain of that form of data in 2019, when firm officers traveled to the mainland to fulfill with Chinese language corporations in numerous sectors to debate acquiring information feeds for Nasdaq shoppers, in response to Invoice Dague, who oversees Nasdaq’s information choices and was within the conferences.
Then the pandemic hit and potential Chinese language companions went silent, Dague mentioned.