Member News | CPA Australia signs MoC with CICPA at WCOA

By: CPA Australia On 6th November 2018, CPA Australia signed a Memorandum of Cooperation (MoC) with the Chinese Institute of Certified Public Accountants (CICPA) at the 20th World Congress of Accountants (WCOA) in Sydney. The MoC is designed to facilitate closer collaboration between the two bodies, enhance the international standard of accounting professionals and broaden …

Financial Services Talking Points | 29/11/2018

In today’s talking points Melbourne and Sydney considered leading destinations for Property investment, U.K further becoming a hotspot for flourishing Chinese investment, and China’s economical ‘openness’ discussed by Vice-Premier in Hamburg speech.   Melbourne and Sydney considered leading destinations for Property investment The recently published Emerging Trends in Asia Pacific report, conducted by the Urban …

Financial Services Talking Points | 20/11/18

In today’s talking points NAB to launch Alipay into Australia, IMF Optimistic on the Australian Economy despite risks from China and the US-China trade war, JD.com sales soft on Chinese Consumer demand. NAB to launch Alipay into Australia by early 2019 NAB has emerged as the first of the big-4 Australian banks to offer Alipay, China’s largest payment …

Member News | New Database Tracks Chinese Investment into Australia

Original article from the Australian National University The Australian National University has released the first database comprehensively tracking Chinese investment into Australia. The data shows that there has been 262 transactions worth over $40.4 billion worth of investment over the past 4 years. The Chinese Investment in Australia (CHIIA) Database was developed using new methodology …

Financial Services Talking Points | 14/09/18

In today’s talking points Senior EU official calls for close EU-China cooperation in financial service, China stands between emerging market turmoil and global pain and Australia dollar bounces on jobs boost, hope for trade talks   Interview: Senior EU official calls for close EU-China cooperation in financial service In an interview with Valdis Dombrovskis, the European …

Member News | China’s New IIT Law: Prepare for Transition

By: Dorcas Wong, China Briefing, Dezan Shira & Associates On August 31, 2018, the second draft of the Individual Income Tax Law was passed. The new law makes changes to many elements of the calculation and enforcement of individual income tax (IIT) in China — focusing on expanding deductibles, adjusting tax brackets, and changing residency rules. …

Financial Services Talking Points | 29/08/18

In today’s talking points 7 investors back world’s first blockchain bond, no ministers named for financial services or superannuation in Scott Morrison’s new frontbench, China unveils top 500 private firms with Huawei peaking the list and Chinese tech companies are growing more powerful with banks turning to them for help.   7 Investors Back World’s First …

Member News | Moelis Australia’s First Half 2018 Results

RECORD FIRST HALF RESULT STATUTORY PROFIT UP 83% ON 1H17 STRONG INVESTMENT IN GROWTH Sydney, 22 August 2018 Moelis Australia’s first half 2018 (“1H18”) key financial metrics are significantly up on the first half 2017 (“1H17”) previous corresponding period (“pcp”). Statutory profit1 up 83% pcp ($15.0 million up from $8.2 million) Underlying revenue up 54% …

Financial Services Talking Points | 21/08/18

In today’s talking points China tries reverse mortgages, AI creates new physics for finance, China said to start fresh round of checks on P2P lenders and Asian shares mixed on doubt of resolving US-China trade spat     Channeling Tom Selleck, China Tries Reverse Mortgages With one of the world’s greatest ageing populations, the Chinese …

Financial Services Talking Points | 10/08/18

  In today’s talking points Asian shares slip despite upbeat Japanese economic data, China private equity funds suffer wave of closures, World Bank appoints CBA for first bond deal on blockchain and Alibaba may merge food delivery units to step up battle against rival   Asian shares slip despite upbeat Japanese economic data Despite the growth of Japan’s …