China 

China must ensure transparency to boost credibility of Belt and Road projects, former US diplomat says

China must ensure transparency surrounding the projects under its controversial Belt and Road Initiative to attract international investors, said Daniel Russel, the vice-president of the Asia Society Policy Institute and a former top US diplomat in Asia.The strategy is the cornerstone of President Xi Jinping’s foreign policy that seeks to build infrastructure projects and improve global trade to connect Asia with Africa and Europe, but it has attracted a barrage of criticisms from China’s… Source link

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Vietnam 

Transparency needed for healthier corporate bond market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  By June 24, the outstanding value of corporate bonds accounted for 10.22 per cent of 2018’s Gross Domestic Product (GDP), more than 3 per cent higher than the goal for 2020 set by the Government. — VNA/VNS Photo HÀ NỘI — To develop a healthy bond market and reduce risks for investors, quality of information disclosure and transparency of corporate bond issuance need to be enhanced. The country’s corporate bond market has been on an upswing in recent years. The Hà Nội Stock Exchange (HNX) estimated that about VNĐ89.5 trillion (US$3.85…

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Vietnam 

Electricity sector needs accountability and transparency – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  *Võ Trí Thành Việt Nam raised its retail electricity prices in March after nearly two years without change, but this decision has received mixed responses from the public. Debates on the grounds for the price hike, transparency in tariff calculation and the change’s impact on the whole economy have been taken up on the floor of the National Assembly’s hearings in recent days. The electrical power industry has played a pivotal role in a country’s economic development and energy security. Since 1750, the world has experienced three industrial revolutions, and even at dawn of the…

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China 

US-China trade war, financial transparency to spur more belt and road projects, says Standard Chartered

The ongoing US-China trade war and Beijing’s commitment to adopt internationally recognised best financial practices will lead to more infrastructure projects in countries covered by the Belt and Road Initiative, according to Standard Chartered.The global bank, which serves Chinese clients’ project financing needs in 45 markets across belt and road, expects continued growth in business this year despite earlier criticism that some projects have mired host nations in “debt traps” because of… Source link

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Global 

China’s state-owned firms under pressure from foreign investors to boost transparency

The increased participation of foreign investors in China’s domestic stock and bond markets is putting pressure on state-owned enterprises to increase their transparency and efficiency, but bringing them into line with global standards will take time, analysts said.Chinese state-owned enterprises (SOEs) often serve political policy ends – such as ensuring financial stability and supporting the real economy – as much as commercial objectives. The government also maintains SOEs as a safeguard… Source link

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Home 

Corporate tax secrecy is hurting everyone – even investment funds want to see more transparency

Who would dream of putting an end to the culture of secrecy shielding multinational companies’ account books and fortunes hidden in tax havens? There are the usual suspects, of course: tax activists including academics, churches and trade unions, who are up in arms over revelations from the likes of the Panama Papers or Paradise Papers.But not only them. A recent consultation exercise by the Global Reporting Initiative reveals that the strongest advocates of tax transparency may be investment… Source link

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Vietnam 

Transparency a big concern in securities market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Violations in transparency and information disclosure are still rampant on the stock market and remain a problem to market members, public companies and auditors. — Photo cafef.vn HÀ NỘI — Violations in transparency and information disclosure are still rampant on the stock market and remain a problem to market members, public companies and auditors. The statement was made by Trần Văn Dũng, chairman of the State Securities Commission (SSI), at a talk show held by the business and economics site ndh.vn on Thursday. In 2018, SSI issued nearly 400 sanction decisions, more than…

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Vietnam 

Transparency needed for securities market in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Nguyễn Duy Hưng, CEO of SSI Securities Corporation. — Photo Vietnam Finance HÀ NỘI — Transparency and quality of information disclosure are the main concerns for market members, public companies and auditors to lure a larger amount of capital in 2019, business executives have said. Nguyễn Duy Hưng, CEO of SSI Securities Corporation, said that the securities market should be the most important fund-raising passage for local companies. However, still weighing on the confidence of both…

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Vietnam 

Gov’t agencies blamed for lack of corporate transparency – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The slow listing of post-equitisation firms, including State-owned enterprises (SOEs), may make Vietnamese firms less attractive regarding a lack of corporate transparency and government agencies managing those firms must be blamed for the problem.— Photo vov.vn HÀ NỘI — The slow listing of post-equitisation firms, including State-owned enterprises (SOEs), may make Vietnamese firms less attractive regarding a lack of corporate transparency and government agencies managing those firms must be blamed for the problem. According to the State…

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Vietnam 

Market transparency key to stable real estate development – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Experts have said improving the transparency of the real estate market is critical to prevent inflated prices and ensure stable development. In 2018, the property market saw ‘price fever’ in several localities, especially those with potential for tourism growth and those expected to be developed into special administrative economic units like Vân Đồn in Quảng Ninh Province and Phú Quốc in Kiên Giang Province, where buyers grabbed property with hopes for significant returns. When the National Assembly voted to delay the…

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