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  1. News - World - FRANCE

    France's top court annuls 75pc income tax

    Posted Dec 30th 2012, 12:00am by AFP

    ... Agence France-Presse in Paris Top court annuls 75pc tax rate, in blow to Hollande France's highest court yesterday struck down a 75 per cent upper income tax rate, dealing a major blow to Socialist President Francois Hollande, who had made it his centrepiece taxation measure. The government vowed to push ahead with the tax rate, which would apply to incomes over €1 ...

    http://www.scmp.com/news/world/article/1115551/frances-top-court-annuls-75pc-income-tax
  2. Business - Money - INVESTMENT

    Bubble trouble for fixed-income assets?

    Posted Dec 31st 2012, 12:00am by DILIP PARAMESWARAN

    ... Dilip Parameswaran moneypost@scmp.com Bubble trouble for fixed-income assets? Fixed income was the hot asset of 2012, producing equity-like returns for debt-like risks. Within it, Asian ... of the total amount on offer. But what does the future hold for fixed-income investments? Let's consider some of the forces likely to drive fixed-income investments in 2013. First, the interest ...

    http://www.scmp.com/business/money/investment-products/article/1114473/bubble-trouble-fixed-income-assets
  3. News - Hong Kong

    Minimum HK$1.5m needed to be happy in Hong Kong, poll finds

    Posted Nov 15th 2012, 12:00am by Ada Lee

    ... Nearly half of the men said they would be happy with yearly incomes below HK$600,000, but only one third of the women felt comfortable with that number. A HK$1.5 million yearly income would mean ... Hongkongers on average earn HK$12,800 per month. The survey also showed more than 80 per cent of Hongkongers believed a certain level of income could bring them happiness. "It may ...

    http://www.scmp.com/news/hong-kong/article/1082620/minimum-hk15-million-be-happy-hong-kong
  4. Business - China Business

    Fitch: China life insurance premium income growth limited

    Posted Dec 11th 2012, 12:00am by Kwong Man-ki

    ... Mainland life insurers' premium income growth would continue to be limited as a result of lower returns to policyholders due to weak stock markets and rising competition from banks, Fitch Ratings said yesterday. The global credit rating agency forecast single-digit growth for next year. Premium income would not significantly improve next year, as weak investment income would ...

    http://www.scmp.com/business/china-business/article/1102551/fitch-china-life-insurance-premium-income-growth-limited
  5. News - China - CORRUPTION

    Students ask Lanzhou mayor to reveal income

    Posted Dec 07th 2012, 12:00am by LAURA ZHOU

    ... Two mainland university students have written to the authorities in Lanzhou, the capital of Gansu province, asking for details of the city mayor's income to be made public. Lanzhou ... for details of Yuan's income last year. The Communist Party's anti-graft watchdog in Gansu said it was verifying details of the situation after photos and blogs about Yuan wearing luxury ...

    http://www.scmp.com/news/china/article/1099399/students-ask-lanzhou-mayor-reveal-income
  6. News - China - ECONOMIC DEVELOPMENT

    Incoming premier to forge new strategic economic path

    Posted Nov 19th 2012, 12:00am by Victoria Ruan

    ... Incoming premier to pursue four key areas of economic transformation that will be used to help improve nation's economy over coming decade Premier-designated Li Keqiang is making ... on urbanisation, innovations and industry upgrading, reducing income inequality and regional imbalances, aiming at inclusive and sustainable growth in the next decade," it said. Calling ...

    http://www.scmp.com/news/china/article/1085632/incoming-premier-forge-new-strategic-economic-path
  7. Comment - Insight & Opinion

    How China can avoid the middle income trap

    Posted Nov 12th 2012, 12:00am by JUZHONG ZHUANG

    ... to keep the economy growing. It also raises a flag as to whether China is settling into a protracted period of subdued growth, better known in economic circles as the "middle income ... demographic dividend. This is familiar territory for many Latin American countries and several Southeast Asian nations, which fell into the middle income trap when they failed to fully implement ...

    http://www.scmp.com/comment/insight-opinion/article/1080040/how-china-can-avoid-middle-income-trap
  8. News - China - 18th PARTY CONGRESS

    Hu Jintao sets target of doubling incomes by 2020

    Posted Nov 09th 2012, 12:00am by Shi Jiangtao, Cary Huang

    ... average household incomes on the mainland by 2020, party chief Hu Jintao said yesterday at the opening of a pivotal party congress that will usher in a new generation of leaders. He insisted ... achieving an average annual increase of around 10 per cent for the past three decades. But growing income inequality and other social injustices have fuelled public discontent, prompting the party ...

    http://www.scmp.com/news/china/article/1078189/hu-jintao-sets-target-doubling-incomes-2020
  9. News - Hong Kong

    Exchange Fund income jumps to HK$41.2b in Q3

    Posted Nov 19th 2012, 05:55pm by Reuters in Hong Kong

    ... Reuters in Hong Kong Investment income of Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, was HK$41.2 billion (US$5.3 billion) for the third quarter, the Hong Kong Monetary Authority (HKMA) said on Monday. The figure compared with a net investment loss of HK$41.7 billion in the same period a year earlier. Investment income for the first nine months stood ...

    http://www.scmp.com/news/hong-kong/article/1086166/exchange-fund-income-jumps-hk412b-q3
  10. News - China - WEALTH GAP

    Li Shi, 'Mr China Income Distribution', battles inequality

    Posted Nov 07th 2012, 12:00am by Victoria Ruan

    ... Victoria Ruan in Beijing Victoria.ruan@scmp.com Cultural Revolution posting guided thinking of professor who has fought to close wealth gap Farm experience shaped Mr Income Distribution It's not exactly catchy, but the name Mr China Income Distribution has become well known to those involved in the battle to close the country's wealth gap. His real name is Professor Li ...

    http://www.scmp.com/news/china/article/1076534/li-shi-mr-china-income-distribution-battles-inequality

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