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London-Shanghai stock connect goes live, allowing foreign firms to list their shares in mainland China for the first time

Foreign companies will be able to list their shares in mainland China for the first time starting today, with the official launch of the long-awaited London-Shanghai Stock Connect scheme.The groundbreaking project, which will enable firms listed in the UK and mainland China to raise funds on each other’s stock market, is seen as a major step for Beijing in its efforts to internationalise its markets. It had originally been scheduled to launch in December.Huatai Securities, one of China’s… Source link

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China still ‘exploring’ international board for foreign companies to raise funds on Shanghai Stock Exchange

Shanghai ambitions to transform itself into a global finance hub on par with New York and London includes a long-discussed international board to attract foreign corporate giants to raise funds on the mainland stock market.The plan is still alive, a key official says, but needs approval from the State Council, China’s cabinet.“We are exploring it, and I believe there will be some news about the board in foreseeable future,” Fang Xinghai, vice-chairman of the China Securities Regulatory… Source link

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China mulls ‘end to foreign ownership limits’ on financial firms, signals bold effort to remove barriers in reform plan

Top financial regulators highlighted capital market reform plans, including a key concession long-sought after by US trade negotiators that would remove the limit on foreign ownership of domestic financial institutions, as they gathered in Shanghai to discuss how to address internal and external challenges.Yi Gang, governor of the People’s Bank of China, said the central bank would support a pilot programme based in Shanghai to remove the foreign ownership limit in firms providing securities… Source link

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China 

China’s foreign reserves rebound in May, gold holdings also rise

China’s foreign exchange reserves unexpectedly rose US$6.1 billion in May to US$3.101 trillion, reversing the previous month’s decline.The rise also came as China increased its gold reserves by 1.88 per cent to US$79.8 billion last month, according to central bank data released on Monday. The country’s gold reserves had risen in January and February before enduring two months of decline.Economists polled by Reuters had forecast China’s foreign reserves would fall by US$5 billion to US$3.09… Source link

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Foreign start-ups eye China’s vast digital health care market, but finding the right revenue model holds the key to success

Digital therapeutics and smart medical management, an emerging field in the health care industry, is attracting some foreign companies to China, which has the potential to improve the lives of people living with chronic conditions and reduce their medical bills.“In China, digital technology will play a massive role in patient outcomes and health care costs,” said Celina Chew, German life science company Bayer’s president for Greater China.While China’s market potential is huge in chronic… Source link

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China 

Greater Bay Area initiative drives foreign investment in Guangzhou and Shenzhen real estate

Foreign investment in Guangzhou and Shenzhen real estate, two core cities in Beijing’s Greater Bay Area scheme, hit 7.5 billion yuan (US$1.09 billion) in the first quarter of the year, up by nearly half from the 5.2 billion yuan seen in all of 2018. According to the latest report from property consultancy Cushman & Wakefield, foreign investment in the two cities accounted for 33 per cent of the 22.7 billion yuan invested in the two cities in the first quarter. “The GBA initiative has really… Source link

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Vietnam 

Non-voting shares could lure more foreign capital to Vietnamese firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The sign of the State Securities Commission (SSC) at its headquarters in Hà Nội. SSC, other market regulators, stock exchanges and market members have proposed the National Assembly discuss allowing the sale of non-voting depository receipts as a way for local firms to increase capital without giving too much power to foreign investors. Photo vietnamfinance.vn HÀ NỘI — The use of non-voting depository receipts (NVDRs) may help foreign investors buy more shares in Vietnamese companies without raising their power. According to the Stock Exchange of Thailand (SET), NVDRs are meant for foreign investors who…

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Foreign investors accelerate selling of China equities in May, as net US$7.8 billion exits via stock connect

Foreign investors accelerated their exit from mainland equities during May, with data at the close of Friday trade showing the largest single month of selling through exchange links since December 2016, amid growing pessimism towards equities as trade tensions between China and the US continue to escalate.A total of 53.7 billion yuan (US$7.78 billion) worth of Chinese equities were sold in May, almost three times the outflow in April, according to Bloomberg data. This marks the greatest monthly… Source link

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Explainer: What foreign investors need to know about China’s property market as MSCI adds to A-shares’ weighting

If you’ve yet to hear of Greenland Holdings, Seazen Holdings or China Fortune Land Development, don’t worry. You likely will be hearing more about them soon, if you are a foreign investors looking for more China exposure.They are big developers in China’s quirky property market – a key driver of the economy and subject to much steering from Beijing and local governments. And they are well known to investors in the mainland’s stock markets.Now they are a bigger part of some foreign investors’… Source link

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Global 

Escalating US-China trade war forcing foreign service firms at Beijing expo to walk tightrope

China’s population of 1.4 billion remains a compelling platform for entrepreneurs, but the escalating trade war tensions with the United States are creating additional pressures for foreign businesses operating within the world’s second largest economy, with some forced “to take sides”.China continues to promote itself as an advocate for globalisation and free trade in goods and services, despite US accusations that its unfair trade practises have hurt foreign businesses, but the trade war is… Source link

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