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China’s financial market reform opens up opportunities for Hong Kong, strengthens gateway role

China’s ongoing financial liberalisation will continue to benefit Hong Kong as its status as a gateway to the mainland will be hard to replace, say analysts.The demand for access to China’s equities and fixed-income markets is rapidly increasing among foreign investors, and they now understand both the opportunities and risks brought by a wider opening up of the market, said Damien Horth, head of Asia-Pacific research at UBS.China announced on September 10 that it would remove the quota limits… Source link

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Hong Kong protests fail to slow city’s role as foreign investment gateway to China, government data shows

Hong Kong’s role as the primary gateway for long-term international investors to transfer money into China has remained largely intact despite the city being hit by increasingly violent anti-government protests, according to data released by the Chinese government.According to the figures from China’s Ministry of Commerce, Hong Kong remained the dominant source of foreign direct investment entering China in June, July and August when the city grabbed global headlines for the protests triggered… Source link

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Social unrest won’t stop Hong Kong playing a key role in China’s belt and road strategy, say business leaders

Allan Zeman (second left), chairman of Lan Kwai Fong Group, Witman Hung (second right), principal liaison officer for Hong Kong at the Shenzhen Qianhai Authority and Tony Verb (right), co-founder and partner at GreaterBay Venture & Advisors, take part in a panel discussion titled ‘The competition conundrum’, at the South China Morning Post’s China Conference, on Wednesday. Photo: May Tse Source link

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China 

Are Hong Kong’s protests crushing the city’s role in China’s Greater Bay Area plan?

Joshua Rotbart, a gold trader and shipper, has been watching Hong Kong’s unfolding political crisis with keen interest, fearing that further protests could damage the city’s leading position in the gold market.Before this past weekend’s peaceful demonstrations, confrontations between the police and protesters had become increasingly violent over the summer, culminating at Hong Kong International Airport last week when hundreds of flights were cancelled.The cancellations disrupted the transport… Source link

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Shippers experiment with wind, battery power to navigate tough new rules to combat their role in global warming

Shipping companies in Europe and Japan are looking to their past – the wind and the sun – as they anticipate new regulations designed to reduce greenhouse gas emissions.The shipping industry is estimated to account for three per cent of all greenhouse gas emissions. What was once considered a very dirty business is beginning to imagine a much cleaner future. In April 2018, the IMO adopted targets to reduce greenhouse gas emissions in the shipping industry by at least 50 per cent in 2050… Source link

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Singapore 

Top Singapore photographer Chuando Tan, 53, has sex scene in first lead role in movie, Entertainment, Singapore News

Fans of Chuando Tan, 53, have seen his impressive abs. Now they may be able to see the Singaporean – whose photos of his physique and youthful looks went viral in 2017 – bare his buttocks. He appears in a movie – a murder drama – which requires him to strip for a shower scene. But in an interview with 8days.sg, he said he is not sure how much skin viewers will get to see though it is quite certain that there will be no frontal nudity. Tan, who continues…

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HSBC CEO John Flint steps down less than two years after taking top role

HSBC said on Monday that John Flint had abruptly stepped down as chief executive less than two years after he took the top job at the bank.He will be replaced on an interim basis by Noel Quinn, who has headed global commercial banking since December 2015. Quinn previously served as regional head of commercial banking for Asia-Pacific out of Hong Kong.“I have agreed with the board that today’s good interim results indicate that this is the right time for change, both for me and the bank,” Flint… Source link

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Vietnam 

Việt Nam’s new FTA with EU a “role model” for ASEAN members – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Marko Walde, chief representative of AHK Việt Nam – German Industry and Commerce in Việt Nam, speaks at the “EVFTA – A New Horizon for Extensive and Comprehensive Cooperation” trade forum held yesterday in HCM City. VNS Photo Bồ Xuân Hiệp HCM CITY — Việt Nam is expected to become a “role model” for other countries in the ASEAN region when its free trade agreement with the EU takes effect early next year, a EuroCham official has said. Jean Jacques Bouflet, vice chairman of EuroCham in Việt Nam, said that Việt Nam would have “privileged access” to…

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Chinese carmakers step up their role as automotive industry investors, adding to China’s sway as world’s largest vehicle market

China has long been a key market for global automotive manufacturers. Now the country is asserting its role as an investor in the industry, stepping up the pace of purchases in the car and heavy-truck sector.The latest foray: state-backed Beijing Automotive Group is buying a 5 per cent stake in Daimler, the maker of Mercedes-Benz.The announcement caps an increasingly active period for deals – of the major transactions where a Chinese company bought a stake in a non-Chinese automotive firm since… Source link

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What Trump’s tale about the US trade war’s role in China’s economic decline got wrong

News that China’s gross domestic product growth had slowed to 6.2 per cent was celebrated last week by US President Donald Trump and his trade team: “China’s 2nd Quarter growth is the slowest it has been in more than 27 years. The United States Tariffs are having a major effect on companies wanting to leave China for non-tariffed countries. Thousands of companies are leaving,” Trump tweeted. Here, at last, was clear proof that his trade war was working.  Well, for Trump’s base, maybe this… Source link

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