China 

China’s government mulls special stake in wallstreetcn.com as it looks to control the flow of information on trade, economics

The Chinese government is trying to extend its oversight of sensitive subject matters to trade, economics and business – in addition to politics, religion and race – by muscling in on the ownership of private media organisations.The Cyberspace Administration of China (CAC), which regulates the country’s internet, smartphone applications and websites, is working on a plan to take a minority stake with super voting power in Shanghai Aniu Information Technology, the operator of the wallstreetcn… Source link

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China mulls ‘end to foreign ownership limits’ on financial firms, signals bold effort to remove barriers in reform plan

Top financial regulators highlighted capital market reform plans, including a key concession long-sought after by US trade negotiators that would remove the limit on foreign ownership of domestic financial institutions, as they gathered in Shanghai to discuss how to address internal and external challenges.Yi Gang, governor of the People’s Bank of China, said the central bank would support a pilot programme based in Shanghai to remove the foreign ownership limit in firms providing securities… Source link

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China mulls scrapping benchmark lending rates in line with market conditions in latest reform move

China is considering scrapping its official benchmark lending rates to allow banks to react to market conditions in the latest move to liberalise interest rates, People’s Bank of China governor Yi Gang said on Tuesday.Yi’s comments in the middle of the trade war with the United States may be a bid to show that Beijing remains determined to continue market-oriented reforms rather than embark on aggressive monetary easing to help stabilise the economy.Market reforms should continue to benefit… Source link

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Debt-ridden HMV mulls big liquidation sale of CDs, DVDs in Hong Kong after potential buyers walk away

HMV may hold a huge liquidation sale in Hong Kong with tens of thousands of discounted CDs, records and DVDs up for grabs after two potential buyers decided to walk away from the bankrupt music giant, according to its liquidator.Several would-be buyers had been gearing up to act as white knights by acquiring the 25-year old Hong Kong arm of the iconic music vendor after it went into provisional liquidation in December, said Wong Sun-keung, a partner at accounting firm Vision AS.“Two potential… Source link

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HKEX mulls platform to cut settlement time for IPO investors

Hong Kong Exchanges and Clearing is seeking to revamp the settlement process for initial public offerings, introducing new efficiencies that will help bring the city’s stock market in line with its counterparts in the US and Europe, according to chief executive Charles Li Xiaojia.Although the planning is still at an early stage, Li said the exchange is considering an electronic platform and methods to reduce the funds needed during the offer process.Any changes to the offer process are likely… Source link

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Vietnam 

The Transport Minister mulls stricter penalties to drunk driving – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Traffic police takes alcohol test for a driver. —VNA/VNS Photo Việt Hùng HÀ NỘI — The Ministry of Transport (MoT) has asked the Directorate for Roads of Việt Nam (DRVN) to revise the Government Decree No 46 issued in 2016 towards imposing stricter penalties on drivers whose alcohol content in blood or breath exceeding the permitted level. Under the directive, which was signed by Transport Minister Nguyễn Văn Thể, the DRVN was requested to coordinate with the Department of Transport of provinces and cities to direct inspectors…

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US mulls partial ban on Chinese trains and buses, citing cybersecurity and ‘Made in China 2025’

Trains and buses could be the next battleground in the US-China trade war, after United States senators took the first steps to ban rolling stock manufactured by Chinese companies with state ties.A bipartisan bill was introduced on Friday that claims “China poses a clear and present danger to our national security and has already infiltrated our rail and bus manufacturing industries”.It has garnered high profile sponsorship in the form of the Republican chair of the Senate Banking, Housing and… Source link

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China 

China mulls reprieve for some shadow bankers to stop fall in growth

China might allow a return of some shadow banking operations as long as their lending “benefits the real economy” and does not support speculation, according to a senior banking regulator.The move could relieve some, if not most, of the funding squeeze facing smaller private firms but would also be an step back from the government’s deleveraging campaign to reduce debt and risky lending to help stabilise growth.“We need to have an accurate understanding of shadow banking. For those … Source link

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HNA mulls sale of Swiss aircraft maintenance firm SR Technics, potentially raising US$1 billion

HNA Group, the embattled Chinese conglomerate, is exploring options for Swiss aircraft-maintenance firm SR Technics including a potential sale, people familiar with the matter said.The Chinese group, which grew out of an airline on tropical Hainan island, is working with an adviser on the potential disposal, the people said. HNA’s 80 per cent stake in SR Technics could be valued at US$700 million to US$1 billion, said the people, who asked not to be identified because the matter is private… Source link

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Size matters: Shanghai mulls fivefold expansion of free-trade zone in bid to attract foreign capital

Shanghai is considering expanding its free-trade zone fivefold to as big as 600 square kilometres, and include two areas where US electric carmaker Tesla and Malaysian hospital operator IHH Healthcare are already active, to increase its appeal to foreign investors. The new expanded area will include Lingang and Hongqiao, located to the west of the Huangpu River that cuts through the city, according to sources. The city government is expected to unveil detailed expansion plans for the 120 square kilometre zone in the first half of 2019, after it receives…

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