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China’s regulator urges brokerages to monitor investors’ funding needs to trade on Nasdaq-style market

China’s securities regulator has ordered brokerages to step up oversight of retail investors’ applications for trading on the upcoming Technology Innovation Board, as it is determined to keep the Nasdaq-style market free of small players.Although the China Securities Regulatory Commission did not announce the move on Monday, brokerages said they had been asked by the CSRC to to ensure that investors meet the minimum investment capital of at least 500,000 yuan (US$72,900) to trade stocks on the… Source link

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Vietnam 

City leader urges resumption of delayed projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Thủ Thiêm New Urban Area in HCM City. City authorities have urged agencies to speed the implementation of a number of long-delayed investment projects, mostly property projects, including Thủ Thiêm New Urban Area. VNA/VNS Photo Quang Nhựt    HCM CITY — The chairman of HCM City People’s Committee Nguyễn Thành Phong has urged agencies to speed up implementation of a number of investment projects, mostly property projects that have been delayed for long periods.    Speaking yesterday at a meeting reviewing the city’s socio-economic development in the first four months of the year,…

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New president of Chinese Securities Association in Hong Kong urges MPF rules review

The new president of the Chinese Securities Association of Hong Kong has urged the city’s pension regulator to review its rules and allow investment in China’s domestic stock market.Hong Kong’s compulsory retirement scheme, the Mandatory Provident Fund (MPF), manages HK$893.3 billion (US$109.1 billion) in assets as of the end of March. Its fund managers are allowed to freely invest in 40 approved overseas exchanges, including the New York Stock Exchange, Nasdaq, the London Stock Exchange and… Source link

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Singapore 

NUS Peeping Tom case: Monica Baey urges online bullying against Nicholas Lim to stop, Singapore News

SINGAPORE – Nearly two weeks since Instagram stories she posted took on a life of their own, National University of Singapore (NUS) undergraduate Monica Baey has again took to the social media platform to call for the online harassment against her perpetrator to stop. In an Instagram post on Wednesday (May 1) titled “closure”, Ms Baey noted that change at the university is afoot, but also spoke out against those who disagreed with the way she shared her story as a victim of sexual assault. On April 18, the 23-year-old…

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Vietnam 

PM urges property laws to be finalised – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Prime Minister has asked the Ministry of Construction (MOC) and relevant ministries to complete legal systems relating to the local property market. – Photo thoibaotaichinhvietnam.vn HÀ NỘI — The Prime Minister has asked the Ministry of Construction (MoC) and relevant ministries to complete the legal system regarding the local property market to ensure sustainable development, according to the Prime Minister’s direction issued on April 23. According to the Directive No 11/CT-TTg on solutions promoting stable and healthy development of the real estate market, the MoC needs to complete adjustments and supplements to…

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China 

Head of China’s biggest state firm in Hong Kong urges Beijing to deepen market reforms

The head of China’s largest and oldest state-owned company in Hong Kong has recommended that the government should let competitive forces play a bigger role in certain market-oriented industries.The government should continue to dominate industries monopolised by state entities, such as power distribution and transmission, whereas industries that are already populated by private enterprises or quasi-state companies should be allowed to compete.“Let the fittest survive,” said Fu Yuning, chairman… Source link

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Break up ‘unnatural and abnormal’ monopolies to sustain high growth, US-China business group head urges Beijing

China should break up the state monopolies which dominate nearly half of its economy to create a level playing field for both foreign firms and private Chinese companies, the president of the US-China Business Council says.The power of monopolies in China is “very unnatural and abnormal” compared with other countries, Craig Allen said in an interview with the South China Morning Post, adding that 43 to 45 per cent of China’s economy is closed to foreign investment and Chinese privately owned… Source link

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Vietnam 

MoF urges PVN to accelerate divestment in sensitive sectors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

PVN has been asked to accelerate its divestment from enterprises which operate in sensitive sectors, such as securities and investment funds. — Photo pvn.vn Viet Nam News HÀ NỘI — The Ministry of Finance (MoF) has asked the Vietnam Oil and Gas Group (PVN) to accelerate its divestment in enterprises operating in sensitive sectors. This request was part of an MoF document in response to PVN’s petition on restructuring, equitisation and divestment in enterprises. According to the MoF, the Prime Minister issued document No 1182/TTg-ĐMDN approving the list of…

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China 

Apple boss Tim Cook urges China to keep opening up its economy

Apple chief executive Tim Cook has encouraged China to keep opening up its economy, as his company grapples with weaker demand from the nation and uncertainty over its trade war with the United States.“We urge China to continue to open up,” he said during a speech at the annual China Development Forum in Beijing on Saturday. “We see that as essential. Not only for China to reach its full potential, but for the global economy to thrive.”Apple is desperately trying to revive sales in China, which… Source link

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Vietnam 

HCM City urges Samsung to open RD centre – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY — HCM City wanted Samsung Group to open a research and development centre in the city to take advantage of its skilled human resources, a local official said. Receiving General Director of Samsung Electronics Vietnam Choi Joo-ho on Thursday, Secretary of the municipal Party Committee Nguyễn Thiện Nhân congratulated Samsung on its production and business results in Việt Nam, saying the development of Samsung had contributed to Việt Nam-RoK relations. Nhân said HCM City was willing to create favourable conditions for the company to expand its investment and…

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