Vietnam 

Shares extend losses despite foreign net buying – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Shares of Sabeco dropped 6.4 per cent on Thursday, the biggest loser among the VN30. — Photo voatiengviet.com HÀ NỘI  Shares declined further on Thursday amid rising investor caution, but foreign investors took the chance to increase their holdings. On the Hồ Chí Minh Stock Exchange, the VN-Index decreased more than 1 per cent to close the session at 962.3 points. The southern market index lost 2.1 per cent in the last three sessions. On the Hà Nội Stock Exchange, the HNX-Index gave up another 0.64 per cent to…

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Home 

China sees brighter outlook for yuan and foreign investment as US-China trade war deal nears

The odds of capital exodus from China and of a slide in the value of the yuan exchange rate have diminished thanks to China’s steady domestic growth, progress in trade talks with the United States and the decision by the US Federal Reserve to halt its interest rate increases, China’s foreign exchange regulator said on Thursday.The US Federal Reserve’s announcement that it no longer plans to raise interest rates this year will mean that the difference between US and Chinese interest rates will… Source link

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Global 

China’s state-owned firms under pressure from foreign investors to boost transparency

The increased participation of foreign investors in China’s domestic stock and bond markets is putting pressure on state-owned enterprises to increase their transparency and efficiency, but bringing them into line with global standards will take time, analysts said.Chinese state-owned enterprises (SOEs) often serve political policy ends – such as ensuring financial stability and supporting the real economy – as much as commercial objectives. The government also maintains SOEs as a safeguard… Source link

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Singapore 

Foreign worker who had sex with 12-year-old girl gets 22 years’ jail and 18 strokes of the cane, Singapore News

SINGAPORE – A construction worker gave his phone numbers to a 12-year-old girl who caught his eye on the MRT, then sexually groomed her before taking her to secluded areas for sex. On Friday (April 12), Bangladeshi Das Ratan Chandra, 41, was sentenced to 22 years’ jail and 18 strokes of the cane after he pleaded guilty to three charges of statutory rape. Another 22 charges, including 10 for sexual penetration of a minor and eight for circulation of obscene objects to a young person, were taken into consideration. The…

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Vietnam 

Start-up contest thrown open to foreign contestants – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Thị Diệu Hằng, deputy director of BSSC and head of the organisation board, introduces the 2019 Vietnam Start-up Wheel in HCM City on Wednesday. — VNS Photo Xuân Hương HCM CITY — Registration is open until April 30 for the 2019 Việt Nam Start-up Wheel, the annual business contest oganised by the Business Start-up Support Centre and the HCM City Young Businesspeople Association. This year the contest is also open to international start-ups who are interested in the Vietnamese and Southeast Asian markets. There will be two press…

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Home 

Prepare for a looming buyers’ market in global assets, says Chinese firm seeking to boost foreign holdings

The financial services arm of China Everbright Group, one of the first state-owned conglomerates established in Hong Kong in the early 1980s, is planning to ­enlarge its global portfolio and transform itself into an international private equity and asset management firm.“This year, we will continue to increase the percentage of foreign asset allocation in order to maintain steady growth. The strategy includes increasing investments through our funds and boosting our US dollar denominated funds,… Source link

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China 

China’s foreign exchange reserves hit seven-month high of almost US$3.1 trillion in March

China’s foreign exchange reserves rose for a fifth straight month in March, with the increase exceeding expectations, as growing optimism about the prospects for a US-China trade deal offset concerns over slowing economic growth.Chinese reserves, the world’s largest, rose by nearly US$9 billion in the month to US$3.099 trillion, its highest since August, according to central bank figures released on Sunday.Economists polled by Reuters had expected the reserves to rise by US$5 billion to US$3… Source link

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Money 

Can cheaper drugs help home-grown labs turn the table on foreign Big Pharma in China’s cancer treatment market?

A scientist transfers fluids into a tube at the Driver Inc. laboratory in Shantou, China, on Wednesday, August 29, 2018. A pair of Harvard-trained American oncologists behind the startup Driver, backed by Hong Kong billionaire†Li Ka-shing, are attempting to harness technology to revamp cancer care. They’re taking some of their earliest steps in China — cancer’s ground zero. Photo: Bloomberg Source link

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Home 

It’s time for China to allow foreign credit rating agencies into its US$13 trillion bond market, say experts

International rating agencies must be allowed to operate in China if foreign money is to flow freely into its bond market, said industry experts.China’s US$13 trillion bond market, the world’s third largest, is gradually opening up to foreign players as it starts to join global bond benchmarks.The next key step must be for all global rating agencies to be granted access to the Chinese market, so overseas investors can understand and compare the ratings with those at home, said Nick Gendron,… Source link

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Vietnam 

Foreign investors set their sights on poorly-performing banks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Customers make bank transactions at Construction Bank branch in Hà Nội. Photo courtesy of the bank HÀ NỘI— Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyễn Trí Hiếu. M&As in the banking industry had remained quiet for the past two years after witnessing a  record from 2011-16. However, Hiếu said things were warming up this year as the Government wanted…

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