New policies to foster Chinese innovation On Wednesday China’s State Council announced multiple policies designed to encourage homegrown innovation. This comes as response to China’s new shift from a manufacturing based economy to a services and investment led one. As part of this, three new ‘national innovation demonstration zones’ will be set up in the …
Financial Services Talking Points, 24-03-2016
China offers US$11.5 billion in loans, credit to Southeast Asia In a bid to inject growth in Southeast Asia and surrounding regions China has pledged that it will provide US$11.5 billion in loans and credit to Myanmar, Laos, Thailand, Cambodia and Vietnam. Premier Li Keqiang offered this credit in order to invest in better infrastructure …
Financial Services Talking Points, 17-03-2016
China’s Consumer Driving Costs Shanghai has just taken 11th place in a new worldwide cost of living survey released by the Economist Intelligence Unit last week. It’s currently ranked highest amongst all Mainland China cities and is head-to-head with Tokyo, making it one the eight Chinese cities included in the top 60. Results like this indicate …
Financial Services Talking Points, 11-03-2016
China provinces rail against Beijing plan to tackle overcapacity Following the news of 6 million job cuts due to overcapacity in the China’s industries, there has been fresh criticism and concern as to who will fit the bill and re-position workers following mass redundancies. Beijing has admitted that workers will be laid off and stated …
Financial Services Talking Points, 03-03-2016
Chinese manufacturing fall adds to evidence of sharp global downturn. China joins the global decline in manufacturing output with the likes of the US and Europe, large orders have slumped as the global trade market remains uncertain. An underutilized taskforce in China still remains prevalent with a looming cut of 6 million state workers planed …
China’s economic restructuring impacts ODI and FDI patterns, leading to more opportunities in high value-added sectors, finds a KPMG report
2 March 2016 China’s inward and outward investment patterns are reflective of the country’s economic restructuring. This is likely to continue to be the case in 2016 and beyond, with opportunities increasingly found in those sectors and areas whose development will contribute towards China’s transition into a high value-added economy, a KPMG report finds. KPMG’s Global …
Financial Services Talking Points 26-02-16
Securities Regulator Removed as Chinese Financial Markets Recover As China makes its way out of the 2015 trough it’s financial markets found themselves in, the chairman of the Chinese Securities Regulatory Commission, Xiao Gang has also moved on. The sharp market drop in late 2015 fostered state scrutiny of the CSRC and in particular, …
Financial Services Talking Points 18-02-16
Turnbull not beating ‘round the bush about a GST increase Malcom Turnbull has reaffirmed government standing on rumours of a possible GST increase. Despite Senator Cash telling Sky News on Monday night that the idea has not be completely dropped, Turnbull firmly stated that the Australian Government “will not be taking a proposal to increase …
Financial Services Talking Points 28-01-2016
Slater & Gordon shares plunge Slater & Gordon shares slid by as much as 17 per cent as the company appears to have missed its self-imposed deadline to update investors about closely watched cashflows. Slater & Gordon said that the process of reviewing its approach to financial forecasting was also proceeding as planned under its …
Financial Services Talking Points 21-01-2016
Shanghai Index falls after IPO announcements Shanghai stocks fell yesterday after the securities regulator announced a new batch of initial public offerings. The China Securities Regulatory Commission said after the market closed on Tuesday that it had approved seven companies to sell new shares under new listing rules that took effect on January 1. Under …