Huawei founder predicts limited impact from Trump decision to allow sales of some US tech products to the company

US President Donald Trump’s move to relax a US trade ban on Huawei Technologies will not have much impact as the company will concentrate on its own business, according to its founder and chief executive Ren Zhengfei.“President Trump’s statements are good for American companies. Huawei is also willing to continue to buy products from American companies,” Ren said in a statement, according to a Financial Times report.“But we don’t see much impact on what we are currently doing. We will still… Source link

Read More
Money 

China relaxes infrastructure project finance rules, but analysts warn it will have limited economic impact

China’s latest stimulus move to bolster economic growth by relaxing restrictions on how the proceeds of local government bonds are used, paving the way for a new wave of infrastructure investment, will only have limited impact on the overall economy, analysts warned.Local governments can now use the funds raised as equity capital for major infrastructure projects having previously needed to fund the minimum equity ratio requirement, usually 20 to 30 per cent of total investment in the project,… Source link

Read More
Global 

US-China trade war impact on Japan limited but risks high if United States imposes new tariffs, analysts say

The US-China trade war has so far only had a limited impact on Japan’s lukewarm economic growth, but the affect is likely to grow if Washington imposes further sanctions on Chinese imports, Japanese analysts said.The downward pressure on Japanese growth over the last year, in fact, has been less to do with the trade war and more to do with declining global demand for smartphones, which has hit Japanese exports. The lingering effects of China’s deleveraging campaign to reduce debt and risky… Source link

Read More
Home 

Impact of low interest rates on Asia-Pacific commercial property prices likely to be limited, says UBS

The pause in US Federal Reserve interest rate increases is unlikely to boost commercial property prices in Asia-Pacific, according to a new report from UBS.Citing historically low rental yields, driven in part by high pricing, the report noted that in Asia-Pacific cities outside Australia, the “marginal benefit from an extended period of low interest rates is very limited”.“Yields across most APAC markets are at their lowest in the last 10 years. Obviously, that does not mean prime yields… Source link

Read More
Vietnam 

Credit growth limited at 15% for best banks in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietcombank was among few banks that met Basel II’s capital safety and risk management standards ahead of schedule. Photo Vietcombank HÀ NỘI The State Bank of Việt Nam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II’s capital safety and risk management standards ahead of schedule. According to the current regulation, the SBV sets a credit growth limit for the entire year for each bank – depending on its health – to ensure the credit growth target…

Read More
Home 

Hong Kong’s limited partnership regime may attract funds to set up domicile, boosting city’s role as Greater Bay Area private equity hub

The Hong Kong government’s legal infrastructure to promote the city’s private equity industry may just work, encouraging more funds to set up domiciles locally and augment its role as a centre for private capital in the Greater Bay Area, according to fund managers and analysts.Hong Kong was the base for 529 private equity (PE) and venture capital (VC) firms last year, with US$159 billion under management, according to AVCJ’s data. While they helped raise funds and advised on how the capital was… Source link

Read More
Vietnam 

VinFast launches limited edition Lux SUV in Switzerland – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — VinFast will introduce its first Lux SUV model at the Geneva Motor Show 2019 in Switzerland, one of the most exciting displays of auto engineering and design in the world, from March 7-17. Being equipped with a powerful 6.2-litre V8 engine and outstanding interior and exterior, the new VinFast Lux V8 has quickly attracted the attention of international experts and media. VinFast Lux V8 was developed from the prototype of the Lux SUV SA2.0, but surpasses the original both in appearance…

Read More
China 

Donald Trump’s ban on Chinese telecoms equipment would have ‘limited impact’ on China’s economy

US President Donald Trump’s plan to ban Chinese telecommunications equipment from US wireless networks will not have a major impact on China’s economy, analysts have said. However, the ban would be a new blow to the expansionary plans of China’s telecoms giants, which account for the bulk of the country’s exports in this sector. Currently, the US imports a relatively small amount of telecoms equipment from China that could be used in wireless networks. Granular data is not available, but according to the latest available figures from China Customs, the…

Read More
Home 

Hong Kong’s competitiveness under threat as limited office land set to run out in 10 years

Hong Kong faces a host issues in the property sector. While the residential supply constraints grab the headlines, there is also an acute shortage of grade A office space in the world’s most expensive market. To make matters worse, the total land supply presently set aside by the government for future development is forecast to run out within 10 years. Recent delivery of new supply has provided a limited window of opportunity for businesses to grow and move into more modern, efficient space, while also lowering their real estate costs.…

Read More