Vietnam 

Hotel Ease · Tsuen Wan becomes the first B Corp™ hotel in Asia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Redefining Success in Business, Creating Value for Employees, Communities and the Environment   HONG KONG, CHINA – Media OutReach – 24 June 2019 – Stan Group (Holdings) Limited (“Stan Group”) announced that Hotel Ease · Tsuen Wan, a member of Tang’s Living Group, has become a Certified B Corporation® (B Corp™), also the first Hotel in Asia to receive the certification.   Hotel Ease · Tsuen Wan becomes the first B Corp™ hotel in Asia. B Corporation Certification is a recognition of the extraordinary performance of Hotel Ease · Tsuen Wan in creating shared value for the environment and…

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China considers unwinding rules it put in place after the last equity market crash; proposed change to ease company fundraising

China’s securities regulator is considering scrapping profitability requirements in mergers and acquisitions (M&A) for listed companies, as a way to facilitate secondary fundraising as the trade war weighs on Chinese growth and threatens to push the global economy into recession next year.Under consideration is an amendment to remove profitability requirements in M&A deals involving listed companies, the China Securities Regulatory Commission (CSRC) said in a statement issued on its official… Source link

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Vietnam 

Shares ease on low demand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customers buy petrol at a Petrolimex’s gas station in Hà Nội. Shares of Petrolimex decreased 1 per cent yesterday to VNĐ61,800 each. — VNS Photo Mai Hương HÀ NỘI — Shares tumbled on Wednesday on low liquidity due to weak market sentiment as investors adopted a wait-and-watch approach with little capital injection. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 0.82 per cent to close at 954.17 points. On the southern exchange, 107 stocks advanced while 183 declined. More than 138 million shares were traded on the bourse,…

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China 

Guangdong’s move to ease limits, boost China’s car sales met with scepticism by analysts and residents

Plans by China’s most prosperous province of Guangdong to ease restrictions on car sales in a bid to boost domestic consumption have been met with scepticism by analysts and residents due to a perceived reluctance by consumers to spend due to uncertainties over the economic outlook.The southern province that is home to much of China’s export and hi-tech manufacturing will increase the annual car sales quota by 100,000 in the provincial capital of Guangzhou and by 80,000 in the southern… Source link

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Hong Kong exchange in talks to open first foreign-operated metals warehouse in China to ease deliveries, expand LME’s business

Aluminium ingots stacked for export at Qingdao Port in Shandong province on March 14, 2010. The London Metal Exchange (LME), the wholly owned unit of the Hong Kong Exchanges and Clearing Limited, is in talks with the Guangdong provincial government to open the first foreign-owned warehouse in mainland China to expand its Asia network, currently comprising Taiwan, South Korea and Singapore. Photo: Reuters Source link

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China 

China closes online currency regulation loopholes to ease fears over foreign exchange transactions

China has upgraded a set of “provisional guidelines” into mandatory rules covering its 134.7 billion yuan (US$20 billion) of online cross-border foreign currency transactions, as worries about the possibility of large capital outflows continue to haunt the world’s second largest economy.The State Administration of Foreign Exchange (SAFE) announced on Monday that it will require all the cross-border payment businesses, which mainly provide services for individuals and corporations using e… Source link

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China 

Xi Jinping seeks to ease currency war fears as China, US near trade deal

President Xi Jinping on Friday said China would avoid any form of “beggar-thy-neighbour” currency devaluation, suggesting Beijing does not intend to use the currency as a trade weapon and pushing up the yuan in the foreign exchange market.In his keynote speech at the Belt and Road Forum in Beijing, Xi said China would allow the market to play a “decisive” role in setting the yuan exchange rate while keeping the rate “basically stable”, in response to allegations the country had in the past… Source link

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China 

China’s central bank denies collecting utilities records in attempt to ease concerns over social credit system

An individuals utility bill payment history will not be included as part of an upgrade to the credit monitoring system operated by China’s central bank, with The People’s Bank of China vowing to maintain the quality of data in an apparent attempt to ease concerns that the system is becoming too intrusive into the lives of the population.The central bank has not yet collected any utilities data, although the new system will have the ability to add data concerning water, power and… Source link

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Hong Kong finance firm comes up with loan scheme targeting Gen Z ease their way into a world of soaring rents

Finance companies are targeting Hong Kong’s young renters who are not only finding it difficult to step on the property ladder in the world’s most expensive real estate market but also keep up with soaring rents.United Asia Finance (UA), one of the city’s largest money lenders, said on Wednesday that it would offer loans of up to 10 times the monthly rent or a maximum of HK$200,000 to ease renters’ financial burden that can accounts for up to 50 per cent of an individual’s monthly income.UA did… Source link

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Hong Kong can ease its housing crisis by giving more families a chance to buy public housing flats

Under Hong Kong’s Tenants Purchase Scheme, introduced in 1998, 140,298 public rental housing units have been sold to existing tenants. Initially, about 57 per cent of the units available for sale found buyers and, in the past decade, this has increased to 72 per cent. By promoting home ownership, the scheme has increased the labour force participation rate and decreased unemployment among families that have bought these units.But there have been two other important effects. The scheme has also… Source link

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