Vietnam 

Hà Nội to hold Innovation Summit next week – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy Director of Hà Nội Department of Science and Technology Nguyễn Anh Tuấn  makes a speech at the press conference. — Photo cafef.vn HÀ NỘI — Hà Nội Innovation Summit 2019 will be held at the National Convention Centre on August 29-30. The event will be an opportunity to promote the awareness of entrepreneurship and start-up spirit among the community while connecting domestic and international businesses to boost start-up activities and the start-up ecosystem in Việt Nam, including in Hà Nội. According to the organising board, this is the…

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Hong Kong, China investors hold fire over Vancouver commercial property, but prices unlikely to crash, analysts say

Foreign investors, including those from Hong Kong and mainland Chinese, largely stayed out of commercial real estate in Vancouver, Canada’s second-largest investment market, in the first half of 2019 amid sinking home prices in the city. “Market participants seemed to be waiting for the next shoe to drop. With single-family homes and commercial properties competing for land, the thinking is that the decline in residential prices will bring down land values, and in turn bring down commercial… Source link

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Singapore 

NDP 2019: Celebrations hold special meaning for new citizen, Singapore News

Over the decade that he has lived in Singapore, Mr Chavda Ankur A. has made it a tradition to watch the National Day Parade on television and participate in the festivities. This year, he has another reason to celebrate. Mr Ankur, who is from India, became a Singapore citizen on Wednesday. “It feels special because I am celebrating as a Singaporean now,” he told The Straits Times at the annual Teck Ghee National Day observance ceremony yesterday. The yoga instructor met his Singaporean wife in one of his classes, and…

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Short-video app leader ByteDance tries again to break WeChat’s hold on social networking in China

ByteDance Technologies may have carved out a swathe of China’s online traffic with its popular short-video and news aggregation apps, but the Beijing-based company has yet to break Tencent Holdings’ grip on social networking. It’s not for want of trying.In at least the third attempt in the past year, ByteDance will try to crack the market for social networking among China’s 829 million internet users, with a group chat within its popular Douyin short-video app. Friends who follow each other’s… Source link

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Stocks Blog: Can Hong Kong, China markets hold on to gains waking up to losses in US benchmarks?

Happy Friday, traders —  So the key benchmarks in the US fell overnight, amid worries about how much more bounce equities have left in them. There was a mixed bag of earnings results, with Amazon a disappointment, and Google, Intel and Starbucks — crediting in part its business in China, which “performed extremely well” — boosting spirits. The US reports its GDP overnight, and next week we hear from the US Fed on rate cuts. We’ve got you covered on the top action in mainland and Hong Kong… Source link

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Star Market, a ‘breakthrough in 30-year history of China’s stock market’, gets off to shining start as immediate buying spree takes hold

The Shanghai Stock Exchange’s new Star Market got off to a suitably stellar start on Monday morning as all 25 debutants saw their shares jump.The firms, spanning industries from microchips and biotechnology to artificial intelligence, were greeted by an immediate buying spree as trading opened at 9:30am.Anji Microelectronics (Shanghai) got off to the best start as its shares opened 287 per cent higher than the initial public offering price.The new Nasdaq-style board, which debuted on Monday,… Source link

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Vietnam 

Central bank to keep monetary policy on hold through 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Thu Hà HÀ NỘI The State Bank of Việt Nam (SBV) will hold its benchmark refinancing and discount rates at 6.25 per cent and 4.25 per cent, respectively, in addition to maintaining its 14 per cent credit growth target for the remainder of 2019, experts forecast. “We expect the SBV to keep its monetary policy on hold for the remainder of 2019. Monetary policy transmission in Việt Nam remains weak and this informs our view for the SBV to continue to manage financial risks through non-interest rate measures such as loan directives…

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China 

China’s central bank is pushing commercial lenders to hold mortgage rates steady to curb the growth of home loans

The People’s Bank of China has asked commercial lenders not to lower the interest rate of home mortgages from the current level in order to curb the growth of home loans, according to people familiar with the matter.The PBOC offered verbal guidance to state-owned banks, joint stock banks and other commercial lenders, the people said, asking not to be identified as they’re not authorised to speak publicly. Banks received the guidance early this month, according to two of the people.The move… Source link

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Property 

Worsening US-China trade war hits Hong Kong’s office rental market as companies put expansion plans on hold

The worsening US-China trade war, which continues to depress stock markets and the economy, is affecting Hong Kong’s office leasing market, as a growing number of companies are holding back their expansion or relocation plans, say market observers.Hedge funds, asset management companies and foreign trading firms are taking a wait-and-see approach.Hong Kong’s benchmark Hang Seng Index lost 9.42 per cent of its value last month after the US escalated the trade war by announcing an increase in… Source link

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Explainer: Used from iPhones to guided missiles, does China’s dominance in rare earths hold potential leverage in trade war?

Rare earth elements could be a point of leverage that China may deploy against the United States as a trade war between the world’s two largest economies escalates, particularly after Chinese President Xi Jinping visited a production facility this week.The Trump administration has threatened to place tariffs on the imports of Chinese-produced rare earths several times in the past year, but has so far left them off any tariff lists, given their uses from Apple iPhones to hi-tech missile guidance… Source link

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