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China’s push back on dual passports may derail investment immigration schemes

Global real estate investment flows could be disrupted if the authorities in mainland China were to crack down on the country’s booming trade in ­second passports.Tens of thousands of high-net-worth individuals in the mainland could be affected if authorities restricted the practice of buying property in a foreign country as a way of acquiring a second citizenship, experts said.The possibility of such action was highlighted earlier this month when Sun Xiang, a National People’s Congress… Source link

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Singapore’s online hotel booking site RedDoorz targets Southeast Asia push

RedDoorz founder and chief executive Amit Saberwal describes his four-year-old budget hotel online booking start-up as a “combination of Uber and Marriott”.The Singapore-based firm is like Uber Technologies in the sense that the hotels listed on its app are owned by individual proprietors, just like many drivers own their cars and pick up bookings through the US ride-hailing giant. It is like Marriott International, the American hotel chain operator and franchiser, on the hospitality side… Source link

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China’s slowing economy won’t push it into joining the global rate-cutting cycle. Here are three reasons why

A global easing cycle is on the way, and China is apparently a key reason behind the new global slowdown. There are many reasons to be bearish about China’s outlook, including the trade war, its debt pile and asset bubble concerns. However, it seems that few analysts believe China’s central bank will soon follow others in cutting its benchmark interest rates. So, why is there a big divergence between China’s monetary policy and the economic outlook?Some may argue that the People’s Bank of China… Source link

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China 

US officials push for sanctions on China over oil purchases from Iran

This story is published in a content partnership with POLITICO. It was originally reported by Eliana Johnson on politico.com on July 11, 2019.Senior administration officials now agree that China defied US sanctions when it imported more than a million barrels of crude oil from Iran last month. But they are grappling with whether – and how – to hit back, according to three US officials.The US State Department had considered issuing a waiver allowing Chinese companies to receive Iranian oil as… Source link

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Hong Kong Science Park on track to attract top-notch research institutes as part of tech push, CEO says

The Hong Kong Science and Technology Parks Corp is on track to achieve its goal of attracting the first batch of research institutes to the city in health care, artificial intelligence and robotics, as part of a broader push by the city to build itself into a hub for innovation and technology, according to chief executive Albert Wong Hak-keung.The government-run company, which manages the Hong Kong Science Park in Sha Tin, has vetted and is poised to award successful applicants in the next few… Source link

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Property 

Australian incubator RealTechX makes a big push to scale up real estate technologies in Asia-Pacific

A A$23 million (US$16 million) incubator programme for property start-ups, backed by the Australian government, is seeking to bring technology-led innovation and solutions to markets in Asia-Pacific, including Hong Kong. RealTechX is an incubator programme that aims to bring together 10 start-ups with market-ready products or services. Launched by real estate innovation and venture capital firm Taronga Ventures, a part of Sydney-based investment house Taronga Group, the fund is accepting… Source link

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Vietnam 

From push to pull: why it’s time for financial planning to take centre stage – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Brian Spence* Professional financial planning is fairly nascent in Việt Nam, meaning that I spend quite a lot of time explaining the concept and its merits to our local clients. This is invariably time very well spent, however. Indeed, taking individuals on this conceptual leap is one of the most productive – and enjoyable – parts of my job. In short, financial planning is the discipline of helping clients make the wisest choices about their money, so that they can achieve the wide…

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Vietnam 

E-Commerce needs a new push to reach rural areas – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A farmers check coconuts before selling to traders in a village in Bến Tre Province. C-commerce is seen a new door for farmers and SMEs in rural areas to seek new customers. — VNA/VNS Photo Phúc Hậu By Mai Hương HÀ NỘI — E-commerce is developing rapidly in Việt Nam but it needs a new push to reach rural areas and help small- and medium-sized enterprises (SMEs) reach customers, experts have said. Việt Nam has a lot of agricultural products and local specialities in high demand but most of them are still…

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China 

In push to replace Huawei, rural US carriers look to Nokia and Ericsson

About a dozen rural US telecoms carriers that depend on Huawei for network gear are in discussions with its biggest rivals, Ericsson and Nokia, to replace their Chinese equipment, sources familiar with the matter said.The carriers, which include Pine Belt in Alabama, and Union Wireless in Wyoming, are seeking discounted pricing and looking forward to government assistance but have yet to reach agreements, these sources said.Nokia and Ericsson declined to comment.The talks are critical for small… Source link

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Storm in a teacup? Trump goes after all the tea from China with latest tariff push as trade war threatens to boil over

Americans hoping to quench their thirst with a refreshing glass of iced tea may be in for a nasty surprise as temperatures rise this summer, according to US tea importers.Tea, along with fireworks and footwear, is on the list of goods that will have import duties imposed on them as soon as July if the US carries out its threat of adding 25 per cent tariffs to thousands of products from China.The proposed tariffs would increase prices for consumers and mark the latest escalation of a trade war… Source link

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