ATI Newswire - Subscriber Only

China plans to build Hainan into pilot free trade zone

April 16, 2018

BEIJING - Chinese President Xi Jinping has announced a decision to develop the island of Hainan into a pilot free trade zone. The State newsagency, Xinhua, reported Xi as saying the Communist Party of China Central Committee had decided to support Hainan in developing the whole island into a pilot free trade zone, “and gradually exploring and steadily promoting the establishment of a free trade port with Chinese characteristics”.

Asian companies outsourcing IT needs to meet security challenges and skills shortages

April 13, 2018

HONG KONG -  NTT Communications Corporation has released results of a multi-market survey which shows 90% of Asian companies looking to managed services to address their IT challenges. Its shows that security risks, talent scarcity and skills shortage are the top challenges to managing IT in-house, and that 49% of businesses expect to move to hybrid cloud within 18 months.

PBoC Governor sets timelines for financial reforms

April 12, 2018

BEIJING - Yi Gang, the new Governor of People’s Bank of China, has sent a clear signal at the Bo’ao Forum that China is serious about its commitment to opening up the economy and carrying out reforms in financial markets. Yi reassured the markets about China’s determination, not only to reform the domestic monetary policy framework but to open up the financial sector further.

US, China, UK key offshore target markets for Australia, says HSBC report

April 9, 2018

SYDNEY - Australian companies are concerned about the cost of rising protectionism, but remain optimistic about their cross-border prospects, according to new research HSBC Commercial Banking. The survey reveals that, within the next three to five years, Australian firms plan to expand their business activities in the US (18%), China and the UK (both 17%).