SHANGHAI - The number of initial public offerings on the Shanghai and Shenzhen stock markets is expected to increase rapidly in the current year-and their total value will grow substantially-after 227 took place in 2016, a 3.7% rise from the year earlier, according to PwC.
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HONG KONG – The Hong Kong Stock Exchange (HKEX) plans to offer Renminbi (RMB) Currency Options and is aiming to roll out a US dollar/Offshore RMB (USD/CNH) contract in the first quarter of this year, subject to market readiness.
HONG KONG – Global- commodity prices rose further in December, closing out 2016 32% higher over the year, the biggest increase since 2011, according to HSBC. The increase was broad-based, with 23 of the 32 commodities in the HSBC index rising over the year. A retrenchment of supply and pull-back in investment, along with solid growth in demand, had lifted most resource prices, the bank said.
SHANGHAI – In a Client Note on China’s new draft Catalogue for guidance on foreign investment industries, lawyers Baker & McKenzie warn that some investors might argue that proposed changes are more in form than substance.
TAIPEI - S&P Global Ratings has assigned its 'AA-' long-term and 'A-1+' short-term counterparty credit ratings to Taiwan’s Export-Import Bank (EXIM Bank), and describes the outlook on the long-term rating as stable.
SINGAPORE - S&P Global Ratings is continuing to clasify the banking sector of Cambodia in group '9' under its Banking Industry Country Risk Assessment (BICRA), along with Argentina, Azerbaijan, Kenya, Papua New Guinea, Tunisia, Mongolia and Vietnam.
SINGAPORE - Singapore has comfortably dodged a technical recession in Q4 2016, but its economy is expected to remain in slow motion, according to ANZ Bank, which is tipping GDP growth in 2017 to ease to 1.4% from 1.8% in 2016. This is at the lower end of the Government’s 1-3% forecast range.
TAIPEI - The decision by Taiwan's Central Bank of China (CBC) to maintain its benchmark interest rate is expected to see Taiwan enter a rate hiking cycle in 2017, according to an assessment by ANZ Bank. But CBC will cautiously assess the timing of the first interest rate hike, ANZ says.
GENEVA - Unusual trends in international trade statistics, such as the falling value of world trade in goods and services even as the global economy grew in 2015, give cause for concern, said a new UNCTAD report.
HO CHI MINH CITY – The Vietnamese Government has moved forward with new legislation which permits an individual investor with Vietnamese nationality to indirectly invest offshore by participating in plans of awarded shares issued offshore by foreign entities for employees in Vietnam.
HONG KONG - Retail business worldwide in 2017 could improve slightly, according to a study of year-end sales by the Hong Kong Trade Development Council (HKTDC). The report, on preliminary 2016 Christmas sales in both traditional and emerging markets, noted strong performances in the US as well as the UK and Germany.
SHANGHAI - Chinese travellers are expected to spend RMB100 billion (US$14.5 billion) while on vacation outside the mainland during the upcoming Chinese New Year holiday in late January and early February, according to Ctrip, China's largest travel services website.
HONG KONG - S&P Global Ratings said today it had placed its 'BB' long-term corporate credit rating and 'cnBBB-' long-term Greater China regional scale rating on Melco Crown (Macau) Ltd. (Melco Crown) on CreditWatch with negative implications. It also placed its 'BB-' long-term issue rating and 'cnBB+' long-term Greater China regional scale rating on the senior unsecured notes that MCE Finance Ltd. issued on CreditWatch with negative implications. Melco Crown guarantees the notes.
TAIPEI - Taiwan’s exports grew 12.1% year-on-year to US$25.34 billion in November, the first double-digit growth since February 2013, on the strength of surging global demand for semiconductor products, according to the Ministry of Finance.
BEIJING - Nearly 70% of Chinese students who returned after studying abroad said they were "unsatisfied" with job opportunities at home because an overseas degree no longer guarantees them better pay than those who studied in China, a survey has found. Over two-thirds of those surveyed by the Center for China & Globalisation, an independent think tank, said their annual salaries were comparable to their peers in similar positions who studied at home.
HONG KONG - Stronger growth in the US is not going to lift Asia growth as much this time around because the region is now more dependent on China, whose demand for imports is to remain subdued, according to a forecast by global asset manager Natixis.