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Lu Shuang Ning, co-founder of FashandStocks

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written by Joash Ng, posted on 27th May 2013​

Lu Shuang Ning, co-founder of FashandStocks

Shuan Ning, a financial journalist from China, is the co-founder of the FashandStocks, a unique blog that specializes in the financial reporting and analysis of the fashion and luxury market. Since its launch, the blog has met quite a reception with its consistent base of followers and has been praised for its unique approach to financial reporting. Shuan Ning co-founded the website whilst living in London and pursuing her post-graduate qualifications. In London, she was able to assemble a diverse and committed team, which ultimately culminated into the launching of FashandStocks, a site they now faithfully edit.

Today, she will be speaking about the blog and its founding with the Asian Entrepreneur.

So how did FashandStocks come about initially?

I met many interesting people whilst pursuing my Master’s degree in London. As part of a project, we had to create an online community and promote it through the internet. It was then my team mates and I decided to create a blog because it would be more casual but yet creative at the same time and we thought it would be something that would bequite interesting to implement.

And what made you decide to focus on Fashion and Luxury?

We had a long discussion about what we wanted to do initially. We thought it would be quite boring if we just created a blog that focused on generic business news or business features in general. As my team was predominantly girls, we wanted to write about something girls would be interested in as well as something that was combined with business and finance. Then we came up with the idea of focusing on investing in the luxury world. So for most people the best way to invest in luxury brands is buying the companies’ shares.

In that case, we hoped to attract female readers who are interested in fashion and luxury but also about the topic of investment which would be appealing to male audiences as well.

Did you realize it was a very niche area?

At that time, we realized it was a very special area. As only a few blogs, journals and online magazines covered it, that was when we really decided to do it.​

How was the reception?

The blog has done quite well. We attracted a lot of people I think. A lot of people have contacted us and said it was a very interesting area to cover. While, we believe that the blog does have a lot of potential for growth, I believe the importance would be in staying creative and write more original and interesting stories.

Have you received any notable feedback?

Yes, we got some feedback from the Financial Times early this year, they appreciated our idea and encouraged us to discover more in the future.​

What was the set up process for FashandStocks?

We set up our blog immediately. There are so many blogging platforms available on the Internet today. So that was not an issue. We chose to go with tumblr after some consideration. When the technical issues are ironed out, we started to officially launch the blog.

Why did you select Tumblr as opposed to other platforms?

One of the main reasons is that more users are active on tumblr today but the interface itself is also very easy to use. Another important point is that the picture editing functions of tumblr are well established. Due to the speciality of our blog, this is important as fabulous pictures are always essential when we are talking about fashion.

What is the publishing process like?

Basically, our editors and writers write a story every week. They don’t really follow a specific length. But importantly, our blog is updated regularly. In addition, we have an editorial meeting to review what we have covered in previous issues and we discuss about any interesting developments we could cover in the following weeks. We work very hard to try and diversify the contents of our blog to make it fun as well. Besides regular news, we spend a lot of time conducting technical analysis over luxury brand shares. We also spend quite a lot of time creating graphs and videos to illustrate market developments.
Copyright 2013. All rights reserved by VNews Ltd.

And what made you decide to focus on Fashion and Luxury?

We had a long discussion about what we wanted to do initially. We thought it would be quite boring if we just created a blog that focused on generic business news or business features in general. As my team was predominantly girls, we wanted to write about something girls would be interested in as well as something that was combined with business and finance. Then we came up with the idea of focusing on investing in the luxury world. So for most people the best way to invest in luxury brands is buying the companies’ shares.

​In that case, we hoped to attract female readers who are interested in fashion and luxury but also about the topic of investment which would be appealing to male audiences as well.

How was the reception?

The blog has done quite well. We attracted a lot of people I think. A lot of people have contacted us and said it was a very interesting area to cover. While, we believe that the blog does have a lot of potential for growth, I believe the importance would be in staying creative and write more original and interesting stories.

Have you received any notable feedback?

Yes, we got some feedback from the Financial Times early this year, they appreciated our idea and encouraged us to discover more in the future.​
What was the set up process for FashandStocks?

Could you tell us about the background of your team?

I’m working with quite an international group, there are people from everywhere including China, India, Switzerland and Britain. The biggest benefit our our diversity is that we come up with ideas that are quite global and that’s exactly what we want to focus on and project onto our website. The case for this is easily seen as nowadays the world is definitely very globalized. The experiences of working in such a team is very unique and special. We feed each other ideas. What’s more as Asia is the biggest market for the luxury industry, we chase more stories in the Asia-Pacific region. I’m proud of being an Asian girl, which has allowed me to contribute more when talking about a market I am very familiar with.

What advice would you share with our readers?

Follow your heart, then you’ll know what you really want to do. Once you’ve decided doing something, never give up. I believe there is nothing easy in this world, life is painful but you should always try to find fun in the process and make your life more interesting than it is. Work hard and play hard.

Connect with Shuang Ning​ and FashandStocks​​ today:
Facebook:http://www.facebook.com/pages/Fashion-Stocks/354797491303161?fref=ts
Website: http://www.fashandstocks.tumblr.com/

Entrepreneurship

Will Financial Liberalisation Trigger a Crisis in China?

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The People’s Republic of China (PRC) has been liberalizing its financial system for nearly 4 decades. While it now has a comprehensive financial system with a large number of financial institutions and large financial assets, its financial policies are still highly repressive. These repressive financial policies are now a major hindrance to the PRC’s economic growth.

The PRC is at the beginning of a new wave of financial liberalization that is necessary for supporting the country’s strong economic growth. The country’s leaders have already unveiled a comprehensive program of financial reform, which includes 11 specific reform measures in three broad areas: creating a level-playing field (such as allowing private banks and developing inclusive finance), freeing the market mechanism (such as reforming interest rate and exchange rate regimes and achieving capital account convertibility), and improving regulation.

But could financial liberalization lead to a major financial crisis in the PRC? What would be the consequences for financial stability as the PRC moves to further liberalize its financial system? If the PRC repeats the painful experiences of Mexico, Indonesia, and Thailand, then it might not be able to achieve its original goal of overcoming the middle-income trap.

International experiences of financial liberalization, especially those of middle-income economies, should offer important lessons for the PRC. In our new research, based on cross-country data analysis, we find that financial liberalization, in general, reduces, not increases, financial instability. This powerful conclusion is valid whether financial instability is measured by crisis occurrence or by fragility indicators, such as impaired loans and net charge-offs. The only exception is that financial liberalization does not appear to significantly lower the probability of systemic banking crises, although it does lower the risk indicators for banks. These results have higher statistical significance and are greater in magnitude for the middle-income group than for the entire sample.

The insignificant impact on banking crises, however, should be interpreted with caution. One of the possible explanations is that under the repressed financial regime, the government supports banks with an implicit or explicit blanket guarantee. This reduces the probability of an explicit banking crisis, although the banking risks may be even greater because of the moral hazard problem. In fact, government protection of banks could also increase the probability of a sovereign debt crisis or even a currency crisis before financial liberalization.

If financial liberalization significantly reduces the likelihood of financial crises, especially in middle-income economies, then why did some middle-income economies experience financial crises following liberalization? We further investigate whether the pace of liberalization, the supervisory structure, and the institutional environment matter for outcomes of financial liberalization.

We obtain three main findings. First, an excessively rapid pace of financial liberalization may increase financial risks. The net impact on financial instability depends on the relative importance of the “liberalization effect” and the “pace effect.” In essence, what the “pace effect” captures could simply be the prerequisite conditions and reform sequencing that are well discussed in the literature. Second, the quality of institutions, such as investor protection and law and order, also matter. International experiences indicate that investor protection can significantly reduce the probability of financial crises. Third, the central bank’s participation in financial regulation is helpful for reducing financial risks during financial liberalization. This is probably because central banks always play central roles in financial liberalization, especially in the liberalization of interest rates, exchange rates, and the capital account. If a central bank is responsible for financial regulation, its liberalization policies might be more cautious and prudent.

Our research findings offer important policy implications for the PRC. (1) Further financial liberalization is necessary not only for sustaining strong economic growth but also for containing or reducing financial risks. (2) Gradual reform may still work better than the “big bang” approach, and sequencing is very important for avoiding the painful financial volatilities that many other middle-income countries have seen. (3) The government should also focus more on improving the quality of other institutions, especially market discipline, to contain financial risks. (4) It is better for the central bank to participate in financial regulation. The new regulatory system should focus exclusively on financial stability and shift from regulating institutions toward regulating functions. It should also become relatively independent to increase accountability.

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About the Author 

This submitted article was written by  and  of Asia Pathways, the blog of The Asian Development Bank Institute was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in the Asia-Pacific region.

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Entrepreneurship

Women on Top in Tech – Chrissa McFarlane, Founder and CEO of Patientory

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(Women on Top in Tech is a series about Women Founders, CEOs, and Leaders in technology. It aims to amplify and bring to the fore diversity in leadership in technology.)

Chrissa McFarlane is the Founder and CEO of Patientory, a patient-centered enterprise solution on the blockchain to store, secure and access healthcare information in real-time. She is a leader and an entrepreneur with a passion for creating cutting-edge healthcare products that transform the face of healthcare delivery in the United States of America and abroad.

What makes you do what you do?
I am passionate about helping people, especially when it comes to their healthcare. This is my daily motivation for pushing forward in one of the most challenging industries to innovate.

How did you rise in the industry you are in?
Through my networks and maintaining a strong advisory board, I am able to make an impact.

Why did you take on this role/start this startup especially since this is perhaps a stretch or challenge for you (or viewed as one since you are not the usual leadership demographics)?
I took on the role and decided to start this startup primary to follow my passion and be an inspiration for other women who are seeking to start their own business.

Do you have a mentor that you look up to in your industries or did you look for one or how did that work?
I have multiple mentors. I met them through my networks.

How did you make a match if you did, and how did you end up being mentored by him/her?
Through introductions and after speaking with them I saw a character alignment that prompted me to ask them to by my mentor.

Now as a leader how do you spot, develop, keep, grow and support your talent?
Through one on one meetings, and team building.

Do you consciously or unconsciously support diversity and why?
I consciously support diversity because a diversity of thought breeds success in the workplace. It is important to have different lenses of thought to be represented. Our company is a representation of the people we serve.

What is your take on what it takes to be a great leader in your industry and as a general rule of thumb?
A great leader in healthcare is equipped to serve the people. Unlike many other industries, healthcare is centered around sustaining the health of the human being. You certainly need to encompass a passion for seeing individuals live and lead healthy lifestyles.

Advice for others?
In building emerging technology, education is always key to success.

Our first Inaugural Blockchain Healthcare Summit will take place on May 31st in Atlanta, GA where we will discuss the current state of blockchain projects and opportunities for the future.


If you’d like to get in touch with Chrissa McFarlane, please feel free to reach out to her on LinkedIn: https://www.linkedin.com/in/chrissamcfarlane/

To learn more about Patientory, please click here.

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