Vietnam 

Funds lose against VN-Index as trade war escalates – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Hòa Phát factory in Hải Dương Province’s Kinh Môn District. – VNA/VNS Photo Danh Lam HÀ NỘI – In the first five months of this year, investment funds lost in the race against the benchmark VN-Index, online newspaper ndh.vn has reported. Net asset values (NAVs) of the Việt Nam-focused investment funds run by Dragon Capital, VinaCapital and Pyn Elite either did not grow or made modest gains. In the first five months, the benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 9.3 per cent. The…

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China 

Chinese attendees give US investment conference their collective snub as year-long trade war escalates, spills over to tech

The Chinese delegation to a major conference on foreign investments hosted by the United States government shrank sharply for a second year, as the protracted US-China trade war diminished business appetite amid tightening regulatory scrutiny in both countries on deals.A total of 76 company representatives and government officials from China attended the annual Select USA Investment Summit, down from last year’s 101 delegates and 155 in 2017, according to organisers of the Monday event in… Source link

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Home 

Bond funds become MPF’s safe haven, shielding investors from losses as trade war escalates

Bond funds have become a safe haven for the Mandatory Provident Fund, the only category of investment to deliver a recent gain as the trade war between the US and China escalated, according to pension experts.The 33 bond funds in Hong Kong’s compulsory retirement savings scheme saw an average gain of between 0.17 to 1.1 per cent in May, the best performers among the 426 MPF investment funds tracked by Lipper, part of data provider Refinitiv.The bond funds beat the overall MPF investment fund,… Source link

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Money 

Does China have enough US dollars as the trade war escalates?

This is the first article in a three-part series looking at China’s US dollar shortage risks amid the trade war with the United States as it plans to reform and internationalise its economy.The Chinese government is officially sitting on the world’s largest stockpile of foreign exchange reserves, but it has been scrambling recently to block backchannels for capital outflows as trade tensions with the United States increase.Beijing’s increasing scrutiny of the usage of the US dollar by Chinese… Source link

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Home 

China to open up access to yuan-denominated commodity futures contracts as trade war escalates

Beijing plans to further internationalise its domestic commodity futures market by inviting foreign investors to trade upcoming yuan-denominated contracts of rubber and non-ferrous metals, a move designed to enhance itsglobal pricing power as the US-China trade war escalates.Jiang Yan, chairman of the Shanghai Futures Exchange, said the bourse would reach a new level of openness as regulators gave overseas investors widened access to yuan-denominated contracts.“We want to ensure the smooth… Source link

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Property 

Hong Kong’s housing market sentiment cools as US-China trade war escalates

Hong Kong’s property market sentiment is souring. Homeowners are slashing asking prices while buyers are forfeiting deposits on new flats amid the escalating US-China trade war.In New Territories, which has an ample supply of new flats, about 10 per cent of the homeowners have started lowering prices by an average of 5 per cent in the past two weeks to woo buyers, according to agents.“The US-China trade war has become white-hot,” said Sammy Po, chief executive of residential division at Midland… Source link

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Home 

As the US-China trade war escalates, stock markets have been shaken but not stirred

How concerned are financial markets about the renewed escalation of the trade war? A cursory glance at some of the key gauges of market performance suggests that US President Donald Trump’s impulsive decision on May 6 to threaten to raise tariffs on all Chinese imports to 25 per cent, followed by the White House’s two-pronged attack on China’s Huawei Technologies – curbing its access to America’s market and placing the firm on a banned entity list – has rattled investors.Since May 3, the MSCI… Source link

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Global 

US-China trade war escalates as Donald Trump increases tariffs on US$200 billion of Chinese goods to 25 per cent

Tariffs on US$200 billion of Chinese goods have been increased from 10 per cent to 25 per cent as the United States followed through with the threat issued by US President Donald Trump earlier this week.The move, in accordance with a document registered by the Office of the United States Trade Representative (USTR), marks a serious escalation in the US-China trade war and stands to have far-reaching economic impact on exporters and importers from both countries.“The increase in additional… Source link

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Ecommerce 

Pinduoduo founder calls for openness in e-commerce as battle with Alibaba and JD.com escalates

The founder of group-buying platform Pinduoduo has called for more open competition for the benefit of merchants and consumers amid increasing rivalry in China’s e-commerce industry where merchants are often forced to choose sides.The current “forced exclusivity” in the e-commerce market, where merchants and customers are constrained to a certain platform or choice of payment method, will hurt the industry in the long term, Pinduoduo founder and chief executive Colin Huang Zheng said in his… Source link

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Home 

Top China venture capitalist Kai-fu Lee says he’ll pull out of US if trade war escalates

Kai-fu Lee, a prominent Chinese venture capitalist and former president of Google China, said his investment firm will withdraw from the US if relations between the two countries deteriorate further. Lee, the chairman and chief executive officer of Sinovation Ventures, said his firm would likely try to lure talent from the US to China instead of investing in American businesses. Lee said his next steps will hinge on a planned meeting between Chinese President Xi Jinping and US President Donald Trump at the Group of 20 nations summit in Buenos…

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