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Shanghai to give foreign workers access to share options for locally-listed firms to attract more funds and talent

Shanghai plans to allow foreigners employed by regional headquarters of multinational companies to receive stock options on the A-share market, part of its bid to become a global financial powerhouse.The step comes as ongoing protests in Hong Kong pose a threat to its status as the region’s established financial centre.The stock options guideline, published Tuesday, aims at encouraging more regional headquarters to be set up in Shanghai. It represents the latest efforts by the mainland’s most… Source link

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Vietnam 

New Actuator from Southco Features Integrated Electronic Lock/Unlock Functionality for Convenient Keyless Access – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HONG KONG, CHINA – Media OutReach – 8 August 2019 – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology, has expanded its successful line of actuators with a keyless electronic version designed for rugged applications. Southco’s AC-10-EM Actuator with Electronic Lock/Unlock functionality eliminates the need for mechanical key access when connected to a remote access controller, such as a key fob, or to an existing control system, such as a button…

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Singapore 

SingHealth’s MyCare app allows patients easy access to their medical information, Digital, Singapore News

Patients at Singapore General Hospital may soon be able to access all their individual care information any time they wish simply by turning to the iPad by their bedside. A collaboration between SingHealth nurses, doctors, allied health professionals, Office for Service Transformation and IT specialists from Integrated Health Information Systems, the MyCare app gives patients easy access to their daily care schedule and updates on their medical information. The custom app also comes with interactive features such as a messaging function that allows patients to ask specific questions about their care…

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China 

China’s social credit system will not lead to citizens losing access to public services, Beijing says

China’s controversial social credit system will not result in individuals or companies losing access to public services, a senior government official said.Lian Weiliang, vice-chairman of the National Development and Reform Commission (NDRC), China’s state planner, said that “in the past, there were some inappropriate punishment measures for dishonesty in some regions, which have already been regulated and corrected”.The social credit system assigns both positive and negative scores for… Source link

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Singapore 

Subscription service Access by BMW lets you drive a BMW from $2,388 a month, Lifestyle, Digital, Singapore News

Access by BMW was launched in Singapore yesterday. It’s one of the island’s first vehicle subscription services. Carro launched a similar service earlier this year. The difference, of course, is that Access by BMW’s only offers BMW cars. Owning a luxury car is woefully expensive in Singapore and it doesn’t help that they depreciate rapidly and incur high maintenance costs. With Access by BMW, all you have to pay is the monthly subscription fee and other daily running costs such as petrol, parking, and ERP fees. BMW takes care of…

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Vietnam 

Smartphone use, internet access critical to building a ‘smart’ HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Thiện Nhân, secretary of the HCM City Party Committee, speaks at a conference held yesterday in the city on information and communications applications for a smart city.  VNS Photo Bồ Xuân Hiệp HCM CITY — To achieve smart-city status, at least 90 per cent of residents in HCM City should be using a smartphone by 2022, a top official said at a communications conference held in the city on Tuesday. Nguyễn Mạnh Hùng, Minister of Information and Communications, said that smartphones were being used by only 60 per cent of people in the city that leads the…

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Bond Connect adds new features and ‘market makers’ to give foreign investors greater access to China’s US$9 trillion bond market

A scheme designed to give overseas investors and those in mainland China access to each other’s bond markets celebrated its second anniversary on Wednesday, with the announcement of new features and “market makers” to boost trading.Gao Fei, deputy inspector at the People’s Bank of China, unveiled the plans to further open up China’s bond market in a speech to hundreds of bankers and traders at the Bond Connect Anniversary Summit 2019, held at the headquarters of bourse operator Hong Kong… Source link

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Why is US dollar access so restrained in China as trade war rages on?

This is the second article in a three-part series looking at China’s US dollar shortage risks amid the trade war with the United States and as China aims to open up its marketsWhile China’s capital controls have limited how much access its citizens have to foreign currencies at home, banks and companies are increasingly finding it harder to obtain US dollars as the trade war not only hinders the nation’s ability to earn dollar revenue from exports but also foreign lenders’ willingness to supply… Source link

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