Thursday, July 31, 2014
The real future is in Chinese futures
The “through train” that will link the stock exchanges of Hong Kong and Shanghai has become a focus of financial markets in both cities since its announcement in April.
While it is clearly a significant development, several questions remain unanswered.
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Peak property portfolio key to HK$1.6 billion takeover tussle
Competing scions of a prominent Taiwanese family are fighting over a HK$2.4 billion property portfolio on Hong Kong’s exclusive Peak in a bitter battle for control of assets that may leave minority shareholders in its listed vehicle the big losers.
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IMF recommends lower 2015 GDP growth target for China
While China’s economy would likely grow at “around 7.5 per cent” this year, the International Monetary Fund said, a target growth rate of between 6.5 per cent and 7 per cent for 2015 “would be consistent with the goal of transitioning to a safer and more sustainable growt
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Fund managers need some iPhone inspiration
One of my finest hours – at least at the time – was dealing with a New Zealand client investing in a French stock in Hong Kong, for a London stockbroker owned by a Swedish bank, in the corner of a Chinese shirt maker’s shop on a line that scratched and whistled, while usi
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Wednesday, July 30, 2014
South Korean factory output jumps
South Korea’s industrial output grew at its fastest clip in nearly five years last month, but analysts say sluggish exports and weak domestic demand will likely force the central bank to cut rates for the first time in more than a year, perhaps as early as next month.
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Big investors shifting slowly from futures to ETFs
Institutional investors, such as endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing comparable returns.
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Japan factory output falls sharply
Japan’s industrial output fell last month at the fastest rate since the devastating earthquake and tsunami in March 2011 as companies slowed production to offset a build-up in inventories, official data showed on Wednesday, clouding the outlook for the economy.
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Not your fault, but simply deal with it
Collateral damage is a terrifying thing, a concern accentuated because it stems from events that tend to be beyond your control.
However, as the dismal example provided by McDonald’s in Hong Kong shows, it is always possible to make a bad situation worse.
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Tuesday, July 29, 2014
Stricter emissions control in China to drive palladium prices higher
Tight supply and stricter vehicle pollution control standards on the mainland will continue to be key drivers of higher prices of palladium this year and next year, even as the industrial metal’s price reached a 13-year peak, analysts say.
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Monday, July 28, 2014
Bridging the clean air gap
In less than two years, the Hong Kong-Zhuhai-Macau superbridge should open, and we will find out whether the “build it and they will come” model works or a white elephant walks.
One simple way to think about the bridge is that it’s better than welfare.
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Italy steps up pitch to investors from Hong Kong and China
Mainland and Hong Kong investors are interested in buying more Italian sovereign debt and investing in Italian state companies undergoing privatisation, Italian finance minister Pier Carlo Padoan told the South China Morning Post.
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Chinese investment in US falls, but big deals in the pipeline
Chinese investments in the United States fell year-on-year in the first half, but pending deals and the expected completion of the US-China Bilateral Investment Treaty mean the figure for the year as a whole may rise substantially.
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Saturday, July 26, 2014
Telecoms giants' venture set for private-sector investment
The infrastructure-sharing joint venture that was recently formed by the mainland's three telecommunications network operators will be put on track for private investment and a future public listing, according to the industry regulator.
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Tencent gets official approval to create private bank in Qianhai
Tencent Holdings received formal approval from the China Banking Regulatory Commission yesterday to set up a private bank in Shenzhen's Qianhai special economic zone, putting the internet company in a position to compete head-to-head with rivals in mobile bank services.
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China Huadian Group aims for complete listing of assets
China Huadian Group, one of the big five state-backed power generators, plans to ultimately inject all of its assets into its listed companies as part of reform in state enterprises, but analysts said this would take several years.
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Friday, July 25, 2014
LVMH sales slow in Hong Kong as Chinese demand drops around the world
LVMH has seen a drop in demand from Chinese buyers in its home market and overseas, as well as a slowdown in Hong Kong due to political unrest, the French fashion, spirits and cosmetics group said after posting below-forecast second-quarter sales and profits on Thursday.
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LME rolls out electronic network to speed up trade with Asia
The London Metal Exchange has teamed up with technology firm Colt Technology Services to introduce an electronic platform called LMEnet to facilitate faster and easier trading of its products for brokers and investors in Hong Kong and the Asian region.
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Japan's exports decline amid weak demand in Asia and US
Japan's exports unexpectedly fell in June for a second straight month, weighed down by a drop in shipments to Asia and the United States, signalling that weak external demand may require bolder measures from policymakers to sustain the country's economic recovery.
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State Grid talks for stake in Italian grid at advanced stage
Italian state lender Cassa Depositi e Prestiti (CDP) said yesterday it was in advanced talks with State Grid Corp of China for the sale of a 35 per cent stake in grid holding company CDP Reti and expects to conclude a deal soon.
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China regulator sees Qualcomm as having a monopoly
China's antitrust regulator has confirmed that Qualcomm, one of the world's biggest mobile chipmakers, has a monopoly, the state-run Securities Times newspaper reported yesterday, as Qualcomm's chief executive held talks in China.
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Indonesia to revise mineral export tax rules
Indonesia will revise its rules on mineral export taxes next month, a senior official said yesterday, paving the way for the country's multi-billion dollar mining industry to rebound after months of lay-offs and stalled exports.
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Australia plays catch-up in yuan business as deal with China nears
Opportunities for Australian companies to participate in the burgeoning yuan market are expected to increase as the country is close to signing a deal with China to facilitate trade and investment settled in the Chinese currency.
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