BEIJING - China and South Korea have been maintaining communications on the Korean Peninsula nuclear issue through diplomatic channels, the Chinese Foreign Ministry said Tuesday. "Enhancing communication and co-operation is in accordance with the common interests of China and the ROK, a Ministry press release said. “Both sides agree to return communication and co-operation in various fields to the normal track as soon as possible."
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SHANGHAI - China plans to introduce high-standard trade, financial, foreign currency and investment supervision systems as part of a free port within the Shanghai Pilot Free Trade Zone to further compete with other major shipping hubs such as Singapore and Hong Kong, the Ministry of Commerce said yesterday.
BEIJING - Russia is China's comprehensive strategic partner of coordination, and whatever volatile changes may take place in the international arena, China will not change its determination to deepen relations with Russia, Chinese President Xi Jinping said Thursday. China’s State newsagency, Xinhua, reported that Xi made the remarks during a phone conversation with Russian President Vladimir Putin.
SEOUL - Q3 GDP growth in South Korea picked up to 3.6% y/y (1.4% q/q sa) from 2.7% y/y previously. The expansion was broad-based across exports, private consumption and facilities investment.
HONG KONG – The Hong Kong Stock Exchange will introduce its cash-settled TSI Iron Ore Fines 62 per cent Fe CFR China Futures (Iron Ore Futures), its first ferrous metal product, on Monday, November 13.
MUMBAI - Tata Starbucks Private Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited, has celebrated the opening of its 100th store in India, located in Mumbai, and its five-year anniversary in India with a series of strategic initiatives reaffirming its long-term commitment to the market.
TOKYO – In a note on the implications of Prime Minister Abe’s re-election, the Chief Global Strategist of Nikko Asset Management, John Vail, along with NAM’s Chief Investment Officer – Japan, Hiroki Tsujimura, and Head of Japan Equity Fund Management, Jiro Nakano, say there is little doubt that Abe wants a rising stock market.
HONG KONG - Xi Jinping is the first incumbent Chinese president to resume the “core” position in the Communist Party and write his name into Constitution after Mao. Global asset manager Natixis argues that a Communist Party equipped with authoritarian power is a double-edged sword for the Chinese economy.
HONG KONG – Exhibitors and buyers at the HKTDC Hong Kong Watch & Clock Fair, the largest event of its kind in the world are divided when it comes to the level of sales anticipated over the next 12 months, with exhibitors showing significantly higher optimism than their counterparts on the buying side.
Greater unity was on show when it came to evaluating product trends, with the majority of buyers and exhibitors agreeing that smart watches will remain the most popular items well into 2018.
BEIJING - Xi Jinping, General Secretary of the Communist Party of China (CPC) Central Committee, has promised further reform and opening-up at a media conference here today. "We will review our experience and build on the good momentum to continue modernisng China's system and capacity for governance, and make determined efforts to comprehensively deepen reform and open China still wider to the world," the State newsagency, Xinhua, quoted Xi as saying.
NEW DELHI - The Government of India has announced a bank recapitalisation plan overnight. The plan envisages a combination of issuance of bank recapitalisation bonds, increase in budgetary allocations and equity issuance.
TOKYO – In a Client Note reviewing the outcome of the Japanese Lower House election, global asset manager Natixis describes Japan’s strong economic growth and record high geopolitical risk in the Korean peninsula as important tailwinds leading the Abe Government to victory. Swing votes distributed to a wide range of oppositions also turning into the ruling LDP’s advantage.
BEIJING - The Communist Party of China (CPC) has included Xi Jinping's military thinking and the Party's "absolute" leadership over the Armed Forces into its Constitution, according to a resolution approved by the 19th CPC National Congress today.
BEIJING - The 19th National Congress of the Communist Party of China (CPC) establishes the historical position of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, according to a resolution approved by the Congress today. "This Thought must be adhered to and steadily developed on a long-term basis," the resolution said, according to a report by the State newsagency, Xinhua.
BEIJING - The China Banking Regulatory Commission (CBRC) will step up supervision of sprawling financial markets, despite initial success in curbing credit-fuelled speculative activities, Chairman Guo Shuqing said at a press conference during the 19th National Congress of China’s Communist Party.
BEIJING - China’s first 10 electric "Chinese red" buses were put into service yesterday. The buses, 18 metres in length, are shaped like bionic dolphins with lightweight design. They also have a multi-functional area for passengers who are unable to move freely.