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Tax breaks for Shenzhen-Hong Kong stock link

December 2, 2016

BEIJING - Profits made by individual investors from the link between the Shenzhen and Hong Kong stock exchanges will be temporarily exempted from personal income tax, China’s Finance Ministry said yesterday. Individual mainland investors buying shares in Hong Kong through the program will be exempt from personal income tax on profits for three years, but will still be liable for tax on dividends.

Independent Australian brewer signs nationwide distribution deal in China

November 25, 2016

MELBOURNE – The recently-listed Broo Limited (ASX: BEE)  has signed with China’s Jinxing Beer Group in a deal which will see the company’s  Broo Premium Lager added to Jinxing’s  national product portfolio list. Broo will be Jinxing’s only international label on offer toits entire nationwide Chinese distribution network.

Qantas to uplift fresh Tasmanian milk to Ningbo, China

November 25, 2016

SYDNEY - Qantas Freight has been named exclusive air freight partner for VAN Dairy’s fresh Tasmanian milk exports to Ningbo, China. In the first half of 2017, subject to Government and regulatory approvals, Qantas will carry more than 50,000 litres of fresh VAN milk from Hobart to Ningbo, the second largest city in Zhejiang Province, which has a population of 55 million people.

Australian sunscreen products target North American, Asian markets

November 24, 2016

SYDNEY  – Australia’s Solar D Sunscreen, manufacturer of the world’s first vitamin D promoting sunscreen, and KW International, a US-based supply chain and distribution company specialising in introducing innovative products into the marketplace, have formed a strategic partnership to sell the product into Asia and North America.

Revising China’s reported outbound FDI flows downwards: BBVA

November 22, 2016

HONG KONG - China’s share of global ODI stocks may be larger than previously thought if  Hong Kong’s role as an offshore centre is factored in, according to a research report from BBVA. “That said,” the report says, “our estimates show that MOFCOM figures overstate ODI flows, raising questions regarding the country’s status as a net creditor.”

Macau's gaming industry set to rebound in 2017 - S&P

November 16, 2016

HONG KONG - The gaming industry in Macau is showing signs of a revival that is likely to gain traction in 2017, according to ratings agency Standard and Poor’s. "The opening of new casinos, better infrastructure connecting Macau with mainland China, and stabilisation of regulations are the major factors
that will fuel a rebound in the gaming industry," says S&P Global Ratings credit analyst, Sophie Lin.

Biomedical plan to fast-track Taiwan for top spot in Asia

November 15, 2016

TAIPEI – Taiwan’s Executive Yuan has approved expenditure of NT$10.94 billion (US$346.32 million) in 2017 to help  transform Taiwan into a centre of biotechnology and medical R&D in Asia. Overseen by the Ministry of Science and Technology, the plan requires new legislation on foreign investment, overseas talent recruitment, tax breaks and current restrictions on the development and production of experimental medical devices and pharmaceuticals.

Demonetisation – macro gains in the offing for India

November 14, 2016

NEW DELHI – The surprise move by the Modi Government to curb the menace of black money and counterfeit notes by declaring that India’s highest-denomination currency notes of INR500 and INR1000 are no longer legal tender from November 9 could, depending on the intensity of withdrawals by the public, lift banking liquidity in India by anywhere between INR1.5 trillion and INR3.5 trillion, according to a research note from ANZ Bank.