Property 

Protest against controversial extradition bill casts shadow on Hong Kong’s largest property sales since early May

Property sales were disappointing on Sunday in Hong Kong’s biggest offering since early May, as buyers stayed away amid huge protests in the city against a proposed extradition bill, and ongoing concerns over the US-China trade war.Not only is Hong Kong sitting in the middle of a worsening US-China trade war, but also its own political turmoil as protesters took to the streets on Sunday for a third time in a week against a proposed extradition law that would allow suspects to be sent to… Source link

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China 

Trade war casts shadow over China business prospects for US firms like Apple and Boeing

The business prospects in China for American firms like Apple and Boeing are at risk because the mainland is rapidly becoming less welcoming and profitable, amid dampened consumer confidence, slowing growth, and an increasingly watchful state, analysts said.The Chinese government has repeatedly assured investors from the United States that they will be treated fairly in China and have their legitimate interests protected, but recently Beijing has shown its teeth to those firms that it perceives… Source link

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Home 

New rule, shadow banking crackdown will increase Chinese banks’ non-performing loan ratios, warns Alvarez & Marsal

New regulations that require mainland banks to recognise problematic loans earlier than their international peers are putting upward pressure on non performing loan (NPL) levels at the same time that a clampdown on illicit credit is underway, according to restructuring and turnaround specialist Alvarez & Marsal.Ronald Thompson, managing director for Alvarez and Marsal Asia, noted that the bad-loan measure among Chinese banks had improved recently, easing to 1.8 per cent in the first quarter… Source link

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China 

China turns attention to jobs as trade war casts shadow over economy, with Li Keqiang demanding jobs for graduates, ex-military and more

Chinese Premier Li Keqiang has vowed to mobilise all resources to create jobs and stabilise the employment market as the China-US trade war threatens to drag on the economy.Chairing a national conference on employment in Beijing on Monday, Li demanded that cadres at all levels make job creation their top priority.The premier said priority should be given to fresh graduates, demobilised military personnel and migrant workers, all of whom faced challenges in the job market.“Supporting employment… Source link

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Home 

Health and beauty giant AS Watson opens 15,000th store as CK Hutchison chair Victor Li tries to emerge from father Li Ka-shing’s shadow

Founded almost two centuries ago as a simple dispensary, it is now part of the fabric of Hong Kong, selling everything from beauty products and tissues to snacks and its own brand of bottled water.Watsons is almost as ubiquitous as 7-Eleven, with at least one shop in every neighbourhood of the city. Breakneck expansion into overseas markets has seen AS Watson Group grow into the world’s biggest and fastest growing health and beauty retailer, opening a new store on average once every seven hours… Source link

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China 

Is China about to bring shadow banking back out of the darkness to kick start its slowing economy?

One of the main themes of this year’s “two sessions” meetings of the country’s legislature and top political advisory body has been renewed support for the private sector, seen as crucial to the governments hopes of pulling the economy out if its current slump.But the private sector, which accounts for more than 60 per cent of China’s gross domestic product (GDP) growth and creates 90 per cent of new jobs, has suffered in recent years from the government’s deleveraging campaign aimed at… 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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China 

Chinese team arrives in US for trade war talks under shadow of latest Huawei charges

A high-level Chinese trade delegation landed in Washington on Tuesday for a fresh round of talks aimed at ending the trade war, but the US indictment against the telecoms giant Huawei may prove to be an additional stumbling block. A diplomatic source said the US had presented a list of demands to China during their previous round of talks in Beijing in early January. China said it would study the demands, and is expected to make counter proposal in the upcoming talks, the source said. Both sides gave a positive…

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Investment 

Chinese solar farm operator seeks to resolve bond defaults as end of subsidies casts shadow over industry

China Singyes Solar Technologies Holdings, once the mainland’s leading solar developer, is seeking to resolve bond repayments worth 967 million yuan (US$142 million) it had defaulted on in October. The Hong Kong-listed company, focusing on operating solar farms and building solar curtain walls, had defaulted on 202 million yuan of offshore loans and 765 million yuan of onshores loans at the end of October, it said in a stock exchange filing on Thursday. Chinese solar power stocks plunge as government moves to contain industry size Singyes Solar said it has…

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Ecommerce 

2019 China tech look ahead: trade war likely to cast a shadow as AI, e-commerce, smartphone progress continues

The US-China trade war knocked the wind out of the Chinese hi-tech industry’s sails in 2018, threatening to slow down its expansion in everything from smartphones, wireless network equipment and self-driving cars to semiconductors, e-commerce and financial technology. While a 90-day ceasefire period is in place for negotiators to end the war, major Chinese technology companies and national initiatives are expected to continue to face challenges in 2019 as the world’s two largest economies remain at loggerheads over global leadership in hi-tech innovation. Here we take a look at the…

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