It has long been the dream of many in Hong Kong to win the city’s ‘Mark Six’ lottery. At least then, goes the thinking, they might be able to get a mortgage to buy a home. Such has been the rate of house price inflation, however, that even winning the...
The scale of financing via the bond market has shown signs of steadily increasing following de-leveraging reform last year, said Zhu Haibin, the Managing Director of JP Morgan and the chief China economist, Yicai.com reported. Zhu thinks large businesses tend to benefit more from the bond market. From the experience...
Staff at Leshi Zhixin, or LeTV, a Chinese television manufacturer and a subsidiary of LeEco, were told that they no longer hold any equity in the company which they previously earned from the group’s incentive plan, China Securities Journal reported. Jia Yueting, the founder of LeEco, sold 25% of LeTV’s...
1. Show May the money It could be another busy week for sterling traders. British finance minister Philip Hammond delivers his annual budget on Wednesday, and to say he goes into his annual set piece on a weak footing would be an understatement. Politically, the government is weak. Its parliamentary majority is...
Long-term residents of the Japanese city of Osaka have fond memories of the last time it hosted a World Expo. Shinya Hashizume, a professor at Osaka Prefecture University, recalls his father, a painter, boasting of finishing work on a pavilion at the 1970 fair. “Every week our house was like a...
Russia’s Far East Development Fund and China’s state-owned gold mining company, China National Gold Group, are to sign an accord by the end of this year on setting up a joint US$1 billion investment fund targeting new projects in the metals and mining sector. “Ourselves and China Gold are creating...
As Donald Trump and his fellow Republicans gin up another dose of trickle-down economics, they’d be wise to consider Shinzo Abe’s plight in Japan. Since December 2012, Prime Minister Abe has borrowed many a page from Ronald Reagan, including corporate tax cuts and reduced regulations. Five years on, the economy is...
TCL Multimedia Technology Holdings Ltd, a Hong Kong-listed television maker, is aiming to boost its sales in Hong Kong in a bid to become one of the top five TV sellers in the city by 2020. The company plans to press its rivals in Hong Kong in terms of sales volume...
India’s ambitious new goods and services tax (GST) was rolled out in July by Prime Minister Narendra Modi, who compared the moment to India gaining freedom at midnight in 1947. But since then, substantial changes have been made to the tax, indicating that it was not thought through. Worryingly,...
China’s Ministry of Industry and Information Technology (MIIT) has officially reserved 3.3-3.6 GHz and 4.8-5 GHz for the country’s 5G service, the 21st Century Business Herald reported, citing an official announcement. The ministry said that it will also make more spectrum available at low frequencies (below 3 GHz) for 5G, and...