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  • August 30, 2014
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  1. News - China - ECONOMY

    Guangdong talks up role in ‘maritime Silk Road’ to boost trade with Asean

    Posted Aug 28th 2014, 04:45am by Andrea Chen

    ... Andrea Chen andrea.chen@scmp.com Companies encouraged to set up production bases, marketing networks in region Guangdong aims to lift Asean trade cooperation Guangdong is seeking to expand ... The province planned to boost trade, investment and transport cooperation with members of the Association of Southeast Asian Nations, said Li Chunhong, the director general of Guangdong's ...

    http://www.scmp.com/news/china/article/1581360/guangdong-talks-role-maritime-silk-road-boost-trade-asean
  2. News - China - ECONOMY

    Top Communist Party official's inclusion on task force reflects China's economic concerns

    Posted Aug 21st 2014, 05:02am by Cary Huang

    ... signal that economic development and reform will be the priority in the coming future." Zhao Xijun, a professor of economics and deputy director of Renmin University's Finance ... of the head of the secretariat suggests the need for more efforts to tackle the challenge ahead amid the slowest growth in years," Ma said. Ma, also the director of the university's Public ...

    http://www.scmp.com/news/china/article/1577934/top-communist-party-officials-inclusion-task-force-reflects-chinas
  3. News - Hong Kong - ECONOMY

    Don't get burnt on hot money flowing into Hong Kong, investors warned

    Posted Aug 12th 2014, 11:51pm by Enoch Yiu

    ... of the [cross-border trading] scheme. Investors should be careful as the hot money may leave as many of these foreign investors are eyeing quick profits only." Ben Kwong Man-bun, a director of KGI Asia, ...

    http://www.scmp.com/news/hong-kong/article/1572450/dont-get-burned-hot-money-flowing-hong-kong-investors-warned
  4. News - Hong Kong - ECONOMY

    Restaurants serving locals keep up sales amid drop in tourist spending

    Posted Aug 01st 2014, 04:03am by Amy Nip

    ... food outlets also did well, with receipt volumes up 5.4 per cent. Yeung noted that Xi's curbs discouraged mainland companies from hosting expensive dinners in the city. Many mid-range ... trips, whose numbers had increased over the past few years, tended to visit Kowloon instead of Hong Kong Island, Helen Mak Hoi-lun, senior director of retail services at Colliers International, ...

    http://www.scmp.com/news/hong-kong/article/1563780/restaurants-serving-locals-keep-sales-amid-drop-tourist-spending
  5. News - Hong Kong - ECONOMY

    Would you like a rise with that? How Hong Kong fares on the Big Mac Index

    Posted Aug 05th 2014, 10:50pm by PHILA

    ... as companies struggled to bear the rise in labour costs, he said, pointing out that the minimum wage's impact affected those beyond low-level earners. Workers earning more were given a raise, too, ... in Dongguan city, he said, climbed 19 per cent from HK$1,100 to HK$1,310 last year. "Companies are either firing people or are afraid to expand" because of the wage increase, Lau said. Union ...

    http://www.scmp.com/news/hong-kong/article/1567209/would-you-rise-how-hong-kong-fares-big-mac-index
  6. Business - Economy - ECONOMY

    Property market cool-down drives HSBC China services PMI to lowest level ever

    Posted Aug 05th 2014, 10:09am by Reuters

    ... that economic uncertainty has made companies more reluctant to spend, a sub-index measuring new business growth hit a 68-month low of 50.3 in July. Stock markets in Hong Kong and Shanghai turned ... services firm E-House China. Yet despite the weakness in the services PMI, firms surveyed indicated they increased their staff numbers moderately in the past month to meet planned company ...

    http://www.scmp.com/business/economy/article/1566785/property-market-cool-down-drives-hsbc-china-services-pmi-lowest
  7. Business - Economy - ECONOMY

    Yuan convertibility on back burner as Beijing focuses on other reforms

    Posted Aug 07th 2014, 11:58am by Reuters

    ... in 2009, when internationalisation was seen as a way for companies to reduce currency risks and also to challenge the US dollar's role as the key reserve currency. As the yuan is increasingly ...

    http://www.scmp.com/business/banking-finance/article/1568188/yuan-convertibility-back-burner-beijing-focuses-other
  8. Business - Economy - ECONOMY

    African lions hope to emulate economies of Asian tigers

    Posted Aug 05th 2014, 03:26am by Bloomberg

    ... on May 15. More than 400,000 new companies were registered on the continent last year, according to the Tunis-based African Development Bank. "There are more business opportunities," Ghanaian Sebastian van Leeuwen, who co-owns a property rental company and cleaning business, said. "The market is less saturated and there is less competition." ...

    http://www.scmp.com/business/economy/article/1566550/african-lions-hope-emulate-economies-asian-tigers
  9. Business - Economy - ECONOMY

    China’s July official services PMI dips to six-month low

    Posted Aug 03rd 2014, 02:23pm by Reuters

    ... time, companies' business expectations jumped to a level not seen in at least a year. Inflation within the sector, be it production or final sales prices, also quickened to a rate unseen ...

    http://www.scmp.com/business/economy/article/1565516/chinas-july-official-services-pmi-dips-six-month-low
  10. Business - Economy - ECONOMY

    Central banker sees no mainland threat to HK

    Posted Aug 04th 2014, 03:31pm by Enoch Yiu

    ... account would allow mainland individuals and companies to invest in Hong Kong, such as through the Shanghai-Hong Kong stock connect scheme from October that would benefit Hong Kong. "Deposits ...

    http://www.scmp.com/business/banking-finance/article/1566192/central-banker-sees-no-mainland-threat-hk

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