Archive for Economy/Finance

Dividend tax breaks for long-term stock market investors

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CHINA IS INTRODUCING dividend tax breaks for long-term stock market investors as part of a raft of measures designed to ease the volatility that has rocked the country’s main stock exchanges since the middle of this year. The dividend tax breaks were announced jointly by the ministry of finance, the tax authorities and the securities regulator. […]

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Guiyang ranked top emerging city in China

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GUIYANG, THE CAPITAL city of Guizhou province, has been identified as China’s top emerging city, according to a special report released by the Economist Intelligence Unit (EIU). The EIU’s emerging city rankings are determined by growth indicators, notably population, income, infrastructure and GDP. These fast-growing cities offer excellent investment opportunities in a wide variety of […]

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China’s GDP growth slows to 7.0% YOY in 1Q15

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THE FIRST QUARTER of 2015 saw China’s GDP growth reach its lowest point for six years. China experienced growth of 7.0% in the first three months of 2015, compared to the same quarter of 2014. A fall in growth to 7.0% year on year (YOY) was widely expected in 2015, but the figures released today […]

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Chinese manufacturing: emerging as nucleus of Factory Asia

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CHINESE MANUFACTURING IS growing stronger than ever, and its rising wages are likely to strengthen Asia’s hold on manufacturing, forging Factory Asia – a regional grouping – with China at the centre. “Factory Asia” is the name given to the region’s complex of cross-border supply chains. Asia first emerged as a manufacturing power in the […]

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Australia, South Korea may follow UK to join AIIB

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JUST A DAY after the UK announced it was to join the China-backed Asian Infrastructure Investment Bank (AIIB), Australian Treasurer Joe Hockey declared that Canberra would also consider whether to follow the trend. Prime Minister Tony Abbott claimed that this decision would be finalized within weeks, before the official deadline. Meanwhile, local media in South […]

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ICBC opens London branch

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ICBC (INDUSTRIAL AND Commercial Bank of China) became the first mainland China bank to open a branch in London earlier this month (December 2014). No other PRC bank is registered to do business there. ICBC – 中国工商银行 (Zhongguo Gongshang Yinhang) – is not only China’s biggest bank but the biggest bank in the world today […]

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Shanghai Hong Kong Stock Connect opens

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THE LONG AWAITED link between the Shanghai and Hong Kong stock exchanges started on Monday, 17th November 2014. Whilst the daily limit for investments from Hong Kong to Shanghai is Rmb13bn (US$2.1bn), Shanghai to Hong Kong investments have a limit of Rmb10.5bn. The limit from Hong Kong to Shanghai investments was reached by 13:59 on […]

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China, US top 2014 billionaire rich list, according to Hurun

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CHINA AND THE US dominate the latest 2014 Hurun Global Rich List of the world’s billionaires accounting for 358 and 481 billionaires respectively – that’s half of the world’s total billionaires in these two countries alone! Russia, the UK and India rank 3rd, 4th and 5th respectively in terms of numbers of billionaires. New York […]

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