Vietnam 

VN fails to make MSCI watchlist for status upgrade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam has once again failed to enter the Morgan Stanley Capital International (MSCI) watchlist for a market status upgrade following the latest statement on June 26.  Photo cafef.vn HÀ NỘI — Việt Nam has once again missed the chance to break into Morgan Stanley Capital International’s watchlist of potential reclassification for a status upgrade. The US-based global provider of equity, fixed income, hedge fund stock indices and multi-asset portfolio analysis tools on Wednesday reclassified the MSCI Kuwait Index to emerging-markets status from frontier-markets status. The decision was “subject to omnibus…

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China’s Yili and Mengniu spar over sponsorship status for 2022 Winter Olympics in Beijing as stakes run high for dairy giants

A row is brewing between China’s two largest dairy producers over sponsorship rights for the 2022 Winter Olympics in Beijing, underscoring what’s at stake for corporate branding in the biggest winter sporting event on earth.Inner Mongolia Yili Industrial Group, China’s largest milk company and exclusive dairy products sponsor of the 2022 Winter Games, is threatening to pull its sponsorship after accusing its smaller rival China Mengniu Dairy of buying its way into the marketing campaign and … Source link

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China 

US-China trade war weighed on Beijing’s decision not to pursue WTO market economy status, analysts say Why is China throwing in the towel over market economy status at the WTO?

The ongoing trade war with the United States was an important factor in China’s decision to halt a case against the refusal of the European Union to grant Beijing “market economy” status at the World Trade Organisation, analysts say.The pursuit of market economy status has been a long-term strategic goal for China, since it would enable it to avoid the anti-dumping cases it often faces because of its model of selling cheap goods to developed markets. It would also be a symbolic recognition of… Source link

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Shanghai tech board unlikely to challenge Hong Kong’s status as preferred IPO hub for Chinese biotech firms

Volatile stock markets as a result of the unresolved US-China trade war will affect the valuations of Chinese biotech IPOs, but Hong Kong’s status as an IPO hub will remain undiminished and compete strongly with the upcoming tech board in Shanghai, say investment bankers.“The funds available here and in China are incredibly deep, I anticipate that this market should hold as it goes through the ups and downs,” said Philip Ross, JPMorgan’s vice-chairman of investment banking with a focus on… Source link

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Hong Kong’s special status with the US is safe for now, but not for the reasons you think

As the US-China economic cold war heats up and Beijing clenches its grip on Hong Kong ever tighter, fears are growing that the White House may strip the city of its special status under US law.The prospect has caused a great deal of anguished hand-wringing among the city’s business community, which fears for its profits.On closer examination, however, the professions of anxiety are overblown. Hong Kong’s special position in US law is likely to be secure for the time being – although not for the… Source link

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China’s young rich tech entrepreneurs take off into private jet rentals, ditching the status symbol of ownership

Chinese entrepreneurs used to see owning a private jet as the ultimate symbol of success. Now, young Chinese tech executives increasingly prefer to rent.Ian Moore, an executive with VistaJet which offers rental packages by the hour, said the change he is seeing is being propelled by convenience, savings and increased scrutiny of expenses by investors.“In Asia, the private aviation market is still new, said Moore, VistaJet’s chief commercial officer who is also a director of its UK subsidiary. … Source link

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Aesthetics doctor Georgia Lee denies using celebrity status to convince investors, Singapore News

SINGAPORE – Well-known aesthetics doctor Georgia Lee on Thursday (April 11) rejected suggestions that she had used her celebrity status as a selling point to attract investors to inject funds into her skincare brand. Dr Lee was testifying in a lawsuit brought against her and three of her companies by a movie and TV producer seeking refund of a $2 million investment. Ms Anita Hatta alleges that Dr Lee had misled her into parting with her money in 2012 by inflating sales revenue, overstating her own investment and exaggerating the…

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China 

China refuses to give up ‘developing country’ status at WTO, despite US demands

China will refuse to give up the “special and differential treatment” it enjoys as a developing nation at the World Trade Organisation, in a rebuke to a US proposal that would pare back the privileges China and other nations enjoy on trade.China is categorised as a developing country at the Geneva-based institution, which affords it “special and differential treatment”. This enables China to provide subsidies in agriculture and set higher barriers to market entry than more developed economies… Source link

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Vietnam 

Hurdles keep private sector from achieving preeminent status: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The private sector, despite being considered the driving force of the economy, has yet to achieve a breakthrough due to many reasons, experts said. They were speaking at the Vietnam Economic Conference held in HCM City recently and attended by executives representing more than 300 local and foreign businesses. Asked about the reasons, 54 per cent of attendees said cumbersome administrative procedures, 26 per cent said inability to access capital and 21 per cent blame difficulty in accessing the market. …

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China’s liaison office officials have buying up local flats, drawing focus on tax-exempt status

The Beijing government’s office in Hong Kong, which is exempt from stamp duties, has made a recent string of acquisitions in Hong Kong’s residential market, building up a large portfolio that could be worth billions of dollars, according to market watchers.Newman Investment, whose five directors have the same names as officials from the Administration and Finance Department of the central government’s liaison office, bought 20 flats at Grand Central in Kwun Tong, a residential project jointly… Source link

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