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China’s US$64 billion property management market ripe for consolidation as developers seek growth amid slowdown

China’s 450 billion yuan (US$63.6 billion) property management market is likely to see some consolidation, as the mainland’s real estate companies look for alternative sources of growth amid declining profit in the wake of the government’s cooling measures, according to DBS Bank.Danielle Wang, head of China property team at DBS Bank (Hong Kong), said there was ample scope for mergers and acquisitions in a fragmented market that has more than 100,000 companies, adding that the top 100 companies… Source link

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Trade war, economic uncertainty are making Asian investors more cautious, says RBC Wealth Management survey

Asian investors are becoming increasingly cautious about their portfolios as concerns grow about the US-China trade war and uncertainty over the global economic outlook, according to a new survey from RBC Wealth Management.Among investors surveyed in China, Hong Kong, Singapore and Taiwan, 80 per cent said they were “far more attentive” than they were in the past to their portfolios as a result of the current economic cycle.More than half of Asian investors surveyed said global economic… Source link

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Vietnam 

Việt Nam to enhance management of e-commerce activities – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Ministry of Finance builds a draft of the scheme on management of e-commerce activities to ensure the State’s comprehensive management for this field. photo tuyenquang.gov.vn   HÀ NỘI – The Ministry of Finance is building a draft scheme on the management of e-commerce activities for imports and exports. The draft aims to improve State agencies’ efficiency in control of e-commerce activities to stop tax evasion, violations of regulations on commodities, intellectual property and origin, and transporting banned goods to Việt Nam and vice versa. …

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Allan Zeman says Hong Kong airport shutdown was necessary as the situation left management with no other choice

The decision to shut down Hong Kong International Airport was taken by management and approved by the government, according to Allan Zeman, a prominent businessman and one of 17 board members of the Airport Authority.Noting that board members were kept appraised of the situation via a board members’ website, he said that management had no other choice but to shut down one of the world’s busiest aviation hubs because of safety concerns.The decision to stop flights was taken because anti… Source link

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Vietnam 

VN enterprises need support from State management agencies: VCCI – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Frog meat is processed for export at Tan Thanh Loi Company Limited in Long An province. State management agencies need more practical solutions to help enterprises in dealing with difficulties. — VNA/VNS Photo Danh Lam HÀ NỘI — The increasing number of businesses becoming operational again since the beginning of this year indicates positive economic development prospects, said Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI). However, Lộc said, there are still many firms facing difficulties and obstacles due to institutions and overlapping legal…

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Global family offices grow assets under management to nearly US$6 trillion, report shows

The number of Asia-Pacific family offices rose 44 per cent during the last two years, according to Campden Research. A selection of supercars, traditional symbols of wealth, are displayed during Sino Group’s Gold Coast Motor Festival in Hong Kong on November 10, 2017. Photo: Nora Tam Source link

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Global bull run could continue for as long as two years, but may be ‘noisy’ for investors, Investec Asset Management says

The bull market and the longest economic expansion globally since the second world war will continue for as long as another 18-24 months, but it could be a “noisy” one for investors, according to Investec Asset Management.John Stopford, head of multi-asset income at Investec, said investors needed to be more defensive in their approach as the market cycle was quite “long in the tooth”, but there were opportunities to take on risk.“The context we are operating in is a very uncertain one, a very… Source link

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China 

US-China tech war could be decided by population management as superpowers battle for talent

The context behind recent fluctuations and squabbles between the United States and China is quite clear for us all to see – two powers vying for technological domination over the other in the great technology race of the 21st century. For the moment, it seems evident that China will continue to outpace and surpass the US in the next 10 to 20 years. In the long run, however, the determining factor in the outcome of this struggle, I believe, could be how these two superpowers manage issues of… Source link

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Hong Kong stock exchange operator launches inline warrants, first new structured product in 13 years as part of plan to be Asia’s asset management hub

The operator of Hong Kong’s tock exchange will introduce inline warrants trading on Thursday, marking the first roll-out of a new structured product in 13 years, part of its three-year plan to diversify into a leading Asian asset management centre.Fifty inline warrants will start trading on Thursday (July 18) on the stock exchange, issued by six banks, BNP Paribas, Haitong, HSBC, JPMorgan, Societe Generale and Vontobel.They are derivative products linked to the Hang Seng Index and the share… Source link

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Central China Securities shares plunge in Shanghai and Hong Kong as asset management products face default risks

Shares of Central China Securities tumbled in Shanghai and Hong Kong after the brokerage said two of its asset-management products worth 241.5 million yuan (US$35.1 million) may be about to default on payments to investors.The stock had slumped 8.5 per cent to 5.30 yuan by mid-afternoon Friday in Shanghai, putting it on track for its biggest decline since May 6. The shares lost 4 per cent to HK$1.70 in Hong Kong.The two asset-management products were backed by Minxing Pharmaceutical, a drug… Source link

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