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Uncertainty in US trade tax policy tops credit risks In Asia: S&P

March 28, 2017

HONG KONG - The potential impact of the new US Administration's likely protectionist trade tax policies on Asia-Pacific exports, business activity, and issuer revenues has become the top credit risk for Asia-Pacific, according to S&P Global Ratings. It says the risk of the Trump Administration adopting a protectionist trade stance is “high and increasing”.

Growing China-Israeli business ties a “win-win” says Wahaha Chairman

March 27, 2017

BEIJING - Chinese companies are actively seeking mature technologies in Israel to bring to China to develop high-return businesses, according to the Chairman of Hangzhou Wahaha Group Co Ltd., Zong Qinghou. The Chairman of China's largest beverage producer said Israel's high-tech companies could find a huge market as well as funding in China.

Alibaba plans logistics hub in Malaysia to launch end-2019

March 23, 2017

KUALA LUMPUR - Alibaba Group says it will set up a logistics hub in Malaysia, the latest in a string of Chinese investments - including in infrastructure and real estate – in Malaysia. The hub will be part of a digital free trade zone launched by Malaysia’s Prime Minister, Najib Razak, and Alibaba’s founder and Executive Chairman, Jack Ma, in Kuala Lumpur yesterday.

ZTE full-year revenue hits RMB101.2 billion as carrier networks, consumer business grow

March 23, 2017

SHENZHEN – China’s  ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, has reported full-year revenue of RMB101.2 billion for 2016, bolstered by growth in the company's Carrier Networks and Consumer businesses. Operating profit increased to RMB1.17 billion.

University of Queensland partners with Hebei Iron and Steel

March 22, 2017

BRISBANE - A Chinese company listed in the Fortune Global 500 for the past eight years, and home to more than 120,000 employees, is to partner The University of Queensland in sustainable metals research. Hebei Iron and Steel Group (HBIS) will invest A$5.25 million over the next five years in the HBIS-UQ Innovation Centre for Sustainable Steel (ICSS), based in Brisbane.

Law firm leaders say technology continues to disrupt market

March 20, 2017

SYDNEY - The global legal industry is at tipping point as firms struggle to keep up with advancements in technology that continue to disrupt the market, according to a report by accountancy and business advisory firm BDO. The BDO Law Firm Leaders Survey  polled managing partners and senior partners of 50 national and international law firms in the UK, 98% of whom said the pace of change in the legal industry, driven mostly by the impact of technology, is a real cause for concern.

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