Vietnam 

VN, South Korea trade, investment ties on strong footing: seminar – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Thị Huyền Ngọc of the Investment Promotion Centre in the south, tells a seminar in HCM City on July 16 that South Korea has increased investment in Việt Nam in the last few years, and this trend is expected to continue. — VNA/VNS Photo HCM CITY — South Korea has increased investment in Việt Nam in the last few years, and this trend is expected to continue, a seminar heard in HCM City on Tuesday. Nguyễn Thị Huyền Ngọc, head of the investment promotion division at the Investment…

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Property 

Two Hong Kong banks cut their valuation of used homes as city’s civic unrest threatens to knock property bull run off its footing

Two of Hong Kong’s biggest commercial banks cut their valuation of pre-owned homes in several housing estates in anticipation of declining prices, after the city was rocked for the past month by record number of street protests.HSBC and Bank of China (Hong Kong), two of the city’s three currency printing banks, cut their valuations for used homes in the New Territories and Kowloon by up to 3.6 per cent, according to data on their websites.“Valuations have dropped as a result of the political … Source link

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Home 

Stocks Blog: Battered China, Hong Kong markets search for footing amid trade war flare-up

Good morning, traders. After consecutive weeks of losses in Hong Kong and China benchmarks, traders return to markets weighed down by negative sentiment over resolution of the US-China trade war. We’ll keep you up on the most important developments throughout the day. So check back in frequently. If you have questions, please send them to deb.price@scmp.com . — Yujing Liu and Deb Price in Hong Kong    Source link

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Home 

China, Hong Kong stocks search for footing as investors take profits and await clearer trade signals

Hong Kong and mainland stocks struggled to gain traction in early trading Wednesday as investors awaited signs of more progress on the trade war and reacted tepidly to economic policy initiatives out of the Two Sessions gathering in Beijing.The Hang Seng Index was up 0.21 per cent, or 60.69 points, to 29,022.29, while the Hang Seng China Enterprises Index shed 0.11 per cent, or 12.29 points, to 11,570.32.On the mainland, the Shanghai Composite was up 0.93 per cent, or 28.62 points, to 3,082.87,… Source link

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Ecommerce 

Meituan’s war footing helps keep it on top in tough Chinese on-demand services market

Twice a year the men gathered at headquarters to yell “victory or death”, before downing bowls of baiju and smashing them on the ground to seal their pledge. The ritual, inspired by military generals fighting battles in ancient China, was adopted by managers at Chinese internet start-up Meituan Dianping when it was in fierce competition with rivals, according to a former senior executive who witnessed the exercises. There was one important concession to modern times. While the ancient generals committed suicide if they failed, Meituan business managers who fall short…

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