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China Community Party announces major economic tasks for 2017

December 12, 2016

BEIJING - The Communist Party of China yesterday specified major tasks for the economy next year, including further advancing supply-side structural reform. The country should push forward reforms in key sectors, including State-owned enterprises, fiscal policy, finance and social security, according to a statement released after a meeting of the Political Bureau of the CPC Central Committee.

Impeachment does not affect South Korea's credit fundamentals: S&P

December 12, 2016

SINGAPORE - S&P Global Ratings said today that the impeachment of President Park Geun-hye does not have a material effect on the sovereign credit rating of South Korea, which is rated AA/Stable/A-1+. “Although political uncertainty could remain a distraction to policymakers for some time, we believe the effective Korean bureaucracy will keep the Government running smoothly,” S&P says.

Shenzhen Connect opens more Chinese stocks to foreign investors

December 5, 2016

HONG KONG – Building on the Shanghai-Hong Kong Stock Connect programme launched in 2014, Shenzhen-Hong Kong Direct launched today offers an expanded list of eligible stocks to give international and Hong Kong investors direct access to most companies traded in Mainland China for the first time.  There are also more choices for Mainland investors, with 100 small cap stocks listed in Hong Kong now available through Shenzhen Connect. 

19 of 32 commodities higher in November: Metals up sharply

December 1, 2016

HONG KONG - With oil prices on average 9% lower than in October, but bouncing sharply on the last day of the month, HSBC’s proxy for the IMF commodity price index showed a 3% drop for the month (on average), despite the fact that 19 of the 32 commodities included in the measure had higher average prices.

In particular, metals prices showed strong gains, with the average price for iron ore hitting a two-year high and the average price for zinc at its highest level in nine years.