Property 

Office glut creeps up in Shenzhen, Beijing and Shanghai as trade war saps growth plans while start-ups move to hipper co-working space

A building frenzy in southern China’s version of Silicon Valley has driven the vacancy in Grade A offices to a record high, putting the squeeze on part-time developers whose blind inexperience have led them into the industry.A record 1.79 million square metres (19.27 million square feet) of vacancy, equivalent to 10 of Hong Kong’s IFC towers, stood in Shenzhen at the end of June, requiring about two years to fill up, according to the real estate consultancy CBRE. Half of that empty space lies… Source link

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Vietnam 

Bank stocks move market up – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Vietcombank office. The bank shares gained 2.1 per cent on Tuesday morning to help boosting the benchmark VN-Index up 0.56 per cent. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares advanced on Tuesday morning, driven by banking-financial companies. The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.56 per cent to close at 977.98 points. The VN-Index dropped 0.29 per cent on Monday. Nearly 90.7 million shares were traded on the southern bourse, worth VND2 trillion (US$87.6 million). Bank and insurance stocks were the driving factor of…

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Vietnam 

Shares move against regional trend on low liquidity – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A customer at BIDV’s Tiền Giang branch. Shares of the bank declined on Monday despite it will be added in the VN30 basket in July. — VNA/VNS Photo Hoàng Hùng HÀ NỘI – Vietnamese shares moved against the general trend in the region on Monday, driven down by slumps of heavyweight stocks such as Vingroup, brewer Sabeco and steelmaker Hòa Phát Group. On the Hồ Chí Minh Stock Exchange (HOSE), the VN-Index edged down 0.29 per cent to close Monday at 972.53 points. On the Hà Nội Stock Exchange, the…

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China 

Beijing’s move to keep tax break on purchases of new-energy vehicles to support troubled auto sector, help biggest players

A move by Beijing to keep a sales tax break on environmentally friendly cars to help the sputtering auto sector will boost the fortunes of top domestic EV manufacturers as well as the popular Tesla from the US over smaller players, analysts say.Beijing had been widely expected to scrap the sales tax break, but the Ministry of Finance announced on Friday it is extending it. A change had been expected to go into effect Monday, but buyers battery-powered and plug-in hybrid cars will still be… Source link

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Home 

Beijing launches China-Japan stock connect scheme, showcases it as a move to defy rising protectionism

China on Tuesday accelerated the liberalisation of its capital markets, launching yet another stock connect scheme linking Shanghai and Tokyo stock exchanges and in the process took a swipe at the US for its trade protectionism.Under the China-Japan ETF Connectivity scheme, investors will be allowed to buy into exchange-traded funds to participate in the trading of stocks listed in their respective markets.“It is of great significance for China and Japan, the world’s second- and third-largest… Source link

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Vietnam 

Shares move little on low liquidity – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Customers make transactions at Vietcombank’s Vĩnh Yên branch. Vietcombank shares rose 1.3 per cent yesterday to VNĐ71,900 (US$3.09) each on the Hồ Chí Minh Stock Exchange. — VNA/VNS Photo Trần Việt   HÀ NỘI — Vietnamese stock markets were quiet on Monday with low liquidity and only modest movement.   The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.38 per cent to close at 962.85 points. The VN-Index increased by a total of 0.58 per cent last week. Liquidity remained low with about 150.2 million shares traded on the southern…

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Singapore 

Punggol “neighbour from hell” harasses neighbours, drives 6 families to move out in 2 years, Singapore News

Over the past two years, six families on the same floor have moved out because of one woman in a Punggol Housing Board block. A 51-year-old housewife has been dubbed the “neighbour from hell”: Her neighbours have accused her of splashing oil at their doorsteps, playing music at loud volumes and stomping on the floor. She has also been accused of leaving a bloody pig’s ear on a shoe rack. In an interview with Lianhe Wanbao on Sunday morning (June 23), the housewife said that her neighbours had banded together…

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Home 

How the US-China Trade Dispute Will Move Forward

[Sponsored Article] There is growing uncertainty about how recent trade disputes between the United States and China will be resolved, and how it could affect the rest of the world. Academics from The Chinese University of Hong Kong (CUHK), City University of New York, and the University of Texas in Dallas who examined the two countries’ global trading history and relationship believe they can provide valuable insights into the possible outcome. In November 2018, the trade dispute ceased for… Source link

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Vietnam 

VN stocks forecast to move forward – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Investors at Bảo Việt Securities Co (BVSC). The Vietnamese stock market is forecast to progress this week following good news from US and Chinese leaders. — VNA/VNS Photo Trần Việt HÀ NỘI — Securities companies are betting Vietnamese shares may expand growth this week as the domestic market could benefit from positive macro-economic signals. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.06 per cent on Friday – the strongest rise in two weeks – to end last week at 958.28 points. Friday’s strong increase…

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China 

Guangdong’s move to ease limits, boost China’s car sales met with scepticism by analysts and residents

Plans by China’s most prosperous province of Guangdong to ease restrictions on car sales in a bid to boost domestic consumption have been met with scepticism by analysts and residents due to a perceived reluctance by consumers to spend due to uncertainties over the economic outlook.The southern province that is home to much of China’s export and hi-tech manufacturing will increase the annual car sales quota by 100,000 in the provincial capital of Guangzhou and by 80,000 in the southern… Source link

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