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CK Hutchison controlled biopharmaceutical company Chi-Med applies to list in Hong Kong

Hutchison China Meditech, or Chi-Med, a biopharmaceutical company specialising in cancer and immunological drugs controlled by Hong Kong conglomerate CK Hutchison Holdings, has applied to list on the city’s stock exchange through a flotation comprising Hong Kong and global offerings.CK Hutchison, which currently holds a majority 60.2 per cent stake, plans to reduce its shareholding to below 50 per cent, as this will allow the deconsolidation of Chi-Med numbers into its financial statements… Source link

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Money 

Chinese take a shine to Europe’s investor immigrant schemes, as waiting list for US programme stretches to 10 years

Wealthy Chinese mainlanders are taking a shine to Europe as a potential emigration destination, as they seek out alternatives to the United States, where long processing times and policy uncertainty have put a damper on the appeal of citizenship in the world’s largest economy.Data from the US State Department shows visas issued to China-born applicants last year under an investment immigration programme called EB-5 dropped by almost half from the peak in 2014.A total of 4,642 visas were issued… Source link

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Vietnam 

Four Vietnamese on “Forbes 30 Under 30 Asia 2019” list – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI — Forbes magazine on Monday announced its fourth annual “30 Under 30 Asia 2019” list, featuring 300 entrepreneurs and young leaders who are contributing to their industries and making an impact across the Asia-Pacific region. Screened from around 2,000 young people in different fields from 23 countries and territories in the Asia-Pacific region, four representatives of Việt Nam were included in this prestigious list of Forbes.  1. Lý Khánh Hậu, 28 years old, investment manager at 500 Việt Nam startups   Lý Khánh Hậu is…

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Singapore 

Singapore’s former economic tsar Philip Yeo on wooing talent and his Hong Kong ‘hit list’, Singapore, China News

Over two decades ago, when Singapore’s former economic tsar Philip Yeo was spearheading the city state’s biomedical push, he had a Hong Kong talent “hit list”. High on this list was world-renowned scientist Nancy Ip Yuk-yu, who is leading a landmark study in search for a cure for Alzheimer’s disease and is one of Hong Kong’s 36 deputies to the National People’s Congress. But Yeo’s plan to “kidnap” Ip was foiled by his former classmate from Harvard Business School, Hong Kong businesswoman Marjorie Yang Mun-tak. “I looked at Philip’s list…

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Singapore 

Singapore submits nomination to inscribe hawker culture on Unesco list, Singapore News

SINGAPORE – The Republic’s nomination to inscribe hawker culture in Singapore on the Unesco Representative List of the Intangible Cultural Heritage of Humanity was submitted on Wednesday (March 27). The nomination includes letters, photographs and videos demonstrating community support for the bid. The photographs feature an Indian Muslim hawker preparing briyani, a Chinese hawker demonstrating a chicken rice recipe, and a father and his children enjoying the chendol dessert, among other snapshots. A 10-minute video was also produced to give a 12-member Unesco evaluation body – comprising six experts qualified…

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Eight more companies given go-ahead to list on Shanghai’s new tech board

The Shanghai Stock Exchange on Wednesday accepted another eight initial public offering (IPO) applications from companies aiming to list on its upcoming Technology Innovation Board. The board, ordered by Chinese President Xi Jinping, is expected to launch mid 2019.The eight companies, which include Shenzhen Chipscreen Biosciences, ArcSoft, a software firm in the computer vision industry, and Twenty First Century Aerospace Technology, follow on the heels of a first group of nine IPO applicants,… Source link

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Vietnam 

Five from Việt Nam included in Forbes billionaires list – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam has five billionaires with total assets of US$13.6 billion on the recently released Forbes 2019 World Billionaires list, including two newcomers. The two newcomers are Hồ Hùng Anh, chairman of Việt Nam Technological and Commercial Joint Stock Bank (Techcombank), and Nguyễn Đăng Quang, chairman of consumer goods and natural resources firm Masan Group. With a net worth of $1.7 billion, Hùng Anh ranked 1349th in the Forbes billionaires list. Quang ranked 1717th with a net worth of $1.3 billion.…

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Vietnam 

Forbes reveals list of 50 most influential women in VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Business magazine Forbes Vietnam published the list of its 50 most influential women in Việt Nam in 2019 on Monday. Among them include Chairwoman of the National Assembly Nguyễn Thị Kim Ngân, Vice President Đặng Thị Ngọc Thịnh, Minister of Health Nguyễn Thị Kim Tiến and Deputy Governor of the State Bank of Việt Nam Nguyễn Thị Hồng. According to the magazine, twenty of the most influential women this year were entrepreneurs, such as Vietjet CEO and President Nguyễn Thị Phương…

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A record number of Chinese billionaires fall off Hurun’s rich list as 2018 stock market rout ravaged their fortunes

A record 213 Chinese billionaires dropped out of the widely watched Hurun Global Rich List, as slumping stock markets worldwide wiped out a combined US$1 trillion from the fortunes of the world’s wealthiest individuals, a report released on Tuesday showed.Only 658 super-rich individuals living in the Greater China region made it to the 2019 list, down from 819 last year.The squeeze felt by Chinese billionaires was much deeper than their peers in other countries, as the country’s worst stock… Source link

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Opinion | Travel hub Hong Kong is on the hit list of cyber criminals, as Cathay data breach shows. It’s time it started defending itself

Travellers queue at Hong Kong International Airport to check in for their flight. As a major transit point and popular destination, Hong Kong draws tens of millions of visitors to the city every year, and its travel industry generates and absorbs enormous amounts of data from and about customers. Photo: Dickson Lee Source link

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