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Shares of China’s largest investment bank jump by the most in 17 months after Alibaba increased its stake

Shares of China International Capital Corporation (CICC) recorded their biggest intraday jump in 17 months after the world’s largest e-commerce platform raised its stake to become the third-biggest shareholder in the investment bank.CICC shares jumped as much as 11.1 per cent to HK$18.80, and changed hands recently at HK$17.44 on the Hong Kong exchange.Alibaba Group Holding, which operates the world’s biggest online shopping platform and owns South China Morning Post, yesterday announced that… Source link

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China’s green finance model shows how saving the planet can also be a savvy investment

Green investing has turned out to be both a good deed and good deal. China, which is now one of the world’s largest markets for green finance, is showing how investing in sustainability is not only important for saving the Earth but can bring about excellent returns for the investor. Other countries should take note.  Chinese President Xi Jinping has made environmental protection one of the top three priorities of his second term and launched an extensive green finance initiative. The… Source link

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Indian manufacturing is on the up and Chinese investment is leading the way

When I was the international director for the Tata Group, India’s largest manufacturer, some 15 years ago, we found that we could buy truck wheels from China cheaper than the steel cost in India. We, like thousands of other companies, ramped up sourcing from China.  Things look different today. With escalation of costs in China, shifts in exchange rates, and now the threat of tariffs, China is no longer a cheap manufacturing location. Sourcing of volume goods, like textiles or electronics, is… Source link

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Tencent defends investment spree as core strategy amid venture ‘capital winter’ concerns

Tencent President Martin Lau Chi-ping launched a robust defence of the company’s practice of taking stakes in hundreds of companies, saying that investment is part of the Chinese internet giant’s core strategy.“Last year, there were those who equated Tencent doing investments to the company losing its aspirations, Tencent becoming like an investment bank,” Lau, a former Goldman Sachs investment banker, said at an annual gathering with its investee companies in Beijing last month.“In reality,… Source link

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Vietnam 

Nghệ An calls on investment in western area – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Rice fields in the highlands of Tương Dương District in Nghệ An Province. — Photo baonghean.vn Viet Nam News HÀ NỘI — Nghệ An Province is taking many measures to improve the quality of its business environment, hoping to attract more investment in the western area of the province. Currently, the region is home to more than 163 projects with total registered capital of VNĐ64.1 trillion (US$2.8 billion). Among them are big projects including $1.2 billion TH dairy farm of TH Milk Food JSC, high-tech pig-breeding farm Masan…

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Vietnam 

Chinese firms explore investment, import opportunities – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Durians are one of the products Chinese businesses are looking to import from Việt Nam, along with freshwater fish and sweet potatoes. — Photo nongsanvietnam.vn Viet Nam News HÀ NỘI — A business delegation from China is paying a visit to Việt Nam to study the possibility of investing and importing agro-fishery-forestry products from the Southeast Asian country. At a working session in Hà Nội on Monday with officials from the Ministry of Agriculture and Rural Development (MARD), several Chinese enterprises agreed to import 100,000 tonnes of rice…

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Vietnam 

Hà Nội to hold conference on investment, tourism promotion with Japan – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The annual Cherry Blossom Festival in Hà Nội is one of the activities promoting investment and tourism between Hà Nội and Japan.— Photo: hanoimoi.com.vn Viet Nam News HÀ NỘI — Hà Nội will host a conference to promote investment and tourism co-operation between Hà Nội and Japan on March 29, according to the city’s People’s Committee. This year’s conference is expected to attract representatives from more than 200 businesses, including around 120 delegates from Japan. During the conference, Hà Nội’s authorities will give an overview of the…

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China begins to embrace global sustainable investment trend, but big names still missing, says China chief of UN-backed body

The idea that companies’ environmental, social and governance performance should be weighed in investment decisions is beginning to catch on in China. Above, a dead fish floats in water filled with blue-green algae at the East Lake in Wuhan, Hubei province in this August 20, 2012 file photo. Photo: Reuters Source link

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Vietnam 

Bà Rịa – Vũng Tàu licenses, approves 9 investment projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – The southern province of Bà Rịa – Vùng Tàu on Thursday issued licences to seven projects and greenlighted two others with the nine having a total investment of over VNĐ12.5 trillion (US$548 million). They include some large projects like an LNG plant to be put up by PVGAZPROM NGV at a cost of nearly $13 million and a capacity of 20 million cubic metres a day. The Đá Bạc 4 Solar Power Plant by Đông Á Châu Đức Joint Stock Company…

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China 

US investment in China more than doubles in January despite trade war, hi-tech industry grows significantly

Investment into China from the United States more than doubled in January, with the hi-tech industry witnessing the most significant increase. Overall growth in China’s foreign direct investment (FDI) slipped to 4.8 per cent from a year earlier to 84.18 billion yuan (US$12.45 billion) in January, according to figures released by the Ministry of Commerce on Thursday. Investment from the United States increased by 124.6 per cent, while the Netherlands by 95.6 per cent, the United Kingdom by 13.7 per cent and Hong Kong by 6.5 per cent also increased.…

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