Mastercard Caixin BBD China New Economy Index
|
|
- Alison Warner
- 5 years ago
- Views:
Transcription
1 July 2018 Mastercard Caixin BBD China New Economy Index Released: 10:00 am Beijing Time August Overview In July 2018, the Mastercard Caixin BBD New Economy Index (NEI) reading came in at 30.6, indicating that the New Economy accounted for 30.6% of overall economic input activities that month, up 1.4 ppts from June (Chart 1). The rising NEI was due to the increase of capital input. New economy is defined as following: 1) human capital intensive, technology intensive and capital light, 2) sustainable rapid growth, and 3) in line with the strategic new industries defined by the government. Please refer to our previous reports (March 2016 and March 2017) for the list of NEI sectors. Primary Inputs The NEI includes labor, capital and technology inputs that account for 40%, 35% and 25% of the total weights of the index, respectively. The rise in the July NEI reading came from the increase of capital input (Chart 2). Technology input index went down since March 2018, coming in at 26.6 this month, with 0.8 MoM decrease. Capital investment showed a slow downtrend since March 2018, but rebounding after June It continued to rise to 36.8 this month, with 4.8 MoM increase. Labor input index declined moderately since July 2017, dropping to 27.6 this month, with 0.2 MoM decrease.
2 Taking the weight into account, percentage changes in labor, capital and technology inputs were -0.1, 1.7, and -0.2 ppts, respectively. The net NEI change was 1.4 ppts in total (Chart 3). Looking at the sectors, the New IT industry formed the largest proportion of the New Economy Index, contributing 13.5 ppts to NEI. Biotech was the industry with fastest growth in July, contributing 4.0 ppts and ranking the second. Culture, Sports & Entertainment came fifth from second, the biggest drop in ranking, contributing 2.4 ppts in July (Chart 4).
3 New Economy Employment In July 2018, the average monthly entry level salary of the New Economy was RMB 10,357 per month, decreasing from last month s level of RMB 10,369 (Chart 5). New Economy wage information is compiled from online websites of career platforms and recruitment services including 51job and Zhaopin, as well as other sites that list job openings.
4 Hiring in the New Economy sectors accounted for 27.1% of total hiring in July, lower than the previous month s 27.3%. At the same time, the total compensation share of New Economy sectors decreased to 28.1%, which meant the average entry salary level of New Economy declined compared to the national average entry wage level. The entry level salary premium of the New Economy was 3.6% as compared to economy-wide counterparts, decreasing from 4.3% in June (Chart 6). In the recent year, the average salary premium of the New Economy was lower than the first half year of 2017 generally, and fell to the lowest point since the index published. Growth of Different Enterprises Based on Employment Data In the previous month, the declining industrial production was verified by the shrinking employment of general workers and operators. But it was reported by NBS that profits of industrial enterprises above designated size continued to rise. We compromise the dilemma using big employment data. Chart 7 showed the job creation by enterprises of different sizes since January We categorized all industrial enterprises into 20 groups by scale, with the 95 th percentile indicating the 5% largest companies. It can be seen that the largest 5% of enterprises created 22% of total job positions in July 2018, increasing from 13% in the second half of However, the bottom (the smallest) 40% ones absorbed 37% and 48% new employees in July 2018 and the second half of 2017, respectively. In the past year, the enterprises with smaller sizes shrank significantly compared to the larger ones.
5 In addition, we checked new employment data by enterprise ownership (Chart 8). In accordance with NBS system, we tagged enterprises by state-owned, collective-owned, private, funded by Hong Kong, Macao and Taiwan, and foreign funded. In the past year, private enterprises created less jobs, decreasing from 60% in March 2017 to 46% in March Only in recent months did it show slight growth. However, the stated-owned ones experienced significant growth. The other three types remained stable. We conjectured that state-owned enterprises crowded out its private counterparts, which is consistent with the declining of industrial value-added and the rising of profits of the industrial state-owned enterprises.
6 With the crowd out effect, average salaries in different enterprises declined in recent quarter (Chart 9). Among them, average salaries in stated-owned enterprises experienced the biggest drop. Meanwhile, average entry-level salary in new economy declined for the last two months. The salary reflects the enterprises expectation of labor productivity as well as economic activity in future. In this respect, the state-owned enterprises are not optimistic. They earned profit by monopoly power, raising output prices and depressing input costs.
7 City Rankings of the New Economy Based on overall New Economy rankings, the top twenty cities were shown in Chart 10. The top five cities were Beijing, Shanghai, Guangzhou, Shenzhen and Nanjing. Rankings are based on a weighted average of the percentile rank of indicators for the city in the past 6 months.
8 Chart 11 showed the average NEI city rankings between January 2018 and July The top five cities were Guangzhou, Beijing, Shanghai, Shenzhen and Nanjing.
9
10 For further information please contact: Mastercard Mr. Wu Huanyu, Director, Communications Tel: Caixin Insight Group Dr. Wang Zhe, Senior Economist Tel: Ma Ling, Public Relations Tel: BBD Dr. Chen Qin, Chief Economist Tel: The Mastercard Caixin BBD China New Economy Index is the fruit of a research partnership between Caixin Insight Group and BBD, in collaboration with the National Development School, Peking University. The subject of a year of research, the NEI was first publically released on March 2, 2016 and will be issued the 2nd of every month at 10:00am China Standard Time. About Caixin Caixin Media is China's leading media group dedicated to providing financial and business news through periodicals, online content, mobile applications, conferences, books and TV/video programs. Caixin Media aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms. Caixin Insight Group is a high-end financial data and analysis platform. For more information, please visitwww.caixin.com. About Mastercard Mastercard (NYSE: MA), is a technology company in the global payments industry. We operate the world s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard s products and solutions make everyday commerce activities such as shopping, traveling, running a business and managing finances easier, more secure and more efficient for everyone. Follow us on join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
11 About BBD (Business Big Data) BBD is a leading Big Data and quantitative business analytics firm specializing in the analysis of the high-growth industries emerging in Mainland China. Through dynamic data tracking, credit analysis, risk pricing and economic index construction, BBD provides its clients with a wide range of services at both the macro and micro level. For more information, please visit
Mastercard Caixin BBD China New Economy Index
February 2018 Mastercard Caixin BBD China New Economy Index Released: 10:00 am Beijing Time March-02-2018 Overview In February 2018, the Mastercard Caixin BBD New Economy Index (NEI) reading came in at
More informationMasterCard Incorporated Reports Second-Quarter 2015 Financial Results
MasterCard Incorporated Reports Second-Quarter 2015 Financial Results Second-quarter net income of $965 million, excluding a special item, or $0.85 per diluted share Second-quarter net income of $921 million,
More informationMasterCard Incorporated Reports Fourth-Quarter and Full-Year 2013 Financial Results
MasterCard Incorporated Reports Fourth-Quarter and Full-Year 2013 Financial Results Fourth-quarter net income of $684 million, excluding a special item, or $0.57 per diluted share Fourth-quarter net income
More informationMasterCard Incorporated Reports Fourth-Quarter and Full-Year 2015 Financial Results
MasterCard Incorporated Reports Fourth-Quarter and Full-Year 2015 Financial Results Fourth-quarter net income of $890 million, or $0.79 per diluted share Fourth-quarter net revenue increase of 4%, to $2.5
More informationChina Merchants Bank Reports 2009 Third Quarter Results
China Merchants Bank Reports 2009 Third Quarter Results Results Highlights Results increases over second quarter Strategic transformation yields results Net profit attributable to the Bank s shareholders
More informationMasterCard Incorporated Reports Fourth-Quarter and Full-Year 2012 Financial Results
6 MasterCard Incorporated Reports Fourth-Quarter and Full-Year 2012 Financial Results Fourth-quarter net income of $605 million, or $4.86 per diluted share Fourth-quarter net revenue increase of 10%, to
More informationMastercard Incorporated Reports Second-Quarter 2017 Financial Results
Earnings Release Mastercard Incorporated Reports Second-Quarter 2017 Financial Results Second-quarter net income of $1.2 billion, or a record $1.10 per diluted share Second-quarter net revenue increase
More informationMastercardIncorporated
UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported):December4,2018
More informationMastercard Incorporated Reports First-Quarter 2018 Financial Results
Earnings Release Mastercard Incorporated Reports First-Quarter 2018 Financial Results Record first-quarter net income of 1.5 billion, or 1.41 per diluted share Record first-quarter adjusted net income
More informationMastercard Incorporated Reports Third-Quarter 2018 Financial Results
Earnings Release Mastercard Incorporated Reports Third-Quarter 2018 Financial Results Record third-quarter net income of 1.9 billion, or 1.82 per diluted share Record third-quarter adjusted net income
More informationSummary. The RMB continues to depreciate against the dollar. While there are a number of factors
Summary Editor: Tristan Zhuo Senior Economist Phone: +852 2826 6193 Email: tristanzhuo@bochk.com The protectionist rhetoric of U.S. President-elect Trump during his campaign has prompted fears of escalation
More informationMastercard Incorporated Reports Second-Quarter 2018 Financial Results
Earnings Release Mastercard Incorporated Reports Second-Quarter 2018 Financial Results Record second-quarter net income of 1.6 billion, or 1.50 per diluted share Record second-quarter adjusted net income
More informationMoneyTree TM China TMT Report
Technology Institute This MoneyTree TM China Telecommunications, Media and Technology (TMT) Report includes information on private equity and venture capital (PE/VC) investment in the TMT industry for
More informationMastercard Incorporated Reports Fourth-Quarter and Full-Year 2017 Financial Results
Earnings Release Mastercard Incorporated Reports Fourth-Quarter and Full-Year 2017 Financial Results Fourth-quarter net income of $227 million, or $0.21 per diluted share, including $981 million, or $0.92
More informationHong Kong & Mainland China News June-2015
Hong Kong & Mainland China News June-2015 Year-end hope for yuan float Tuesday, June 2, 2015 China International Capital Corporation forecasts the yuan may be fully convertible by the end of this year,
More informationLeju Reports Fourth Quarter and Full Year 2017 Results. March 19, :38 AM ET
Leju Reports Fourth Quarter and Full Year 2017 Results March 19, 2018 5:38 AM ET BEIJING, March 19, 2018 /PRNewswire/ -- Leju Holdings Limited ("Leju" or the "Company") (NYSE: LEJU), a leading online-to-offline
More informationMNI China Consumer Sentiment Indicator Summary Report: June 2012
Summary Report: June 2012 Strictly embargoed until 0945 Beijing time on July 3, 2012 Surges In June On Positive Initial Response To Government Economic Stimulus Measures The rebounded strongly to 101.6
More informationKeys to success: Right strategies and partners Winning in China's health insurance sector
Keys to success: Right strategies and partners Winning in China's health insurance sector Keys to success: Right strategies and partners Winning in China's health insurance sector The health industry is
More informationGlobal PMI. Global economy set for robust Q2 growth. June 8 th IHS Markit. All Rights Reserved.
Global PMI Global economy set for robust Q2 growth June 8 th 2017 2 PMI indicates robust global growth in Q2 The global economy is on course for a robust second quarter, according to PMI survey data. The
More informationHong Kong & Mainland China News December-2016
Hong Kong & Mainland China News December-2016 Mainland factories continue to see rise in orders Thursday, December 1, 2016 An official survey has found that factory activity on the mainland rose again
More informationHong Kong & Mainland China News September-2015
Hong Kong & Mainland China News September-2015 China growth 'on target' By thestandard.com.hk Tuesday, September 08, 2015 China's power usage, rail freight and property market have all shown improvement
More informationNIELSEN: HONG KONG EXPERIENCES HIGHEST RISE IN CONSUMER CONFIDENCE AMONG 29 COUNTRIES SURVEYED IN THE FOURTH QUARTER
The Nielsen Company www.nielsen.com News Release FOR IMMEDIATE RELEASE CONTACT: Acky Chan Tel: (852) 2856 7337 / 9223 5793 Email: acky.chan@nielsen.com NIELSEN: HONG KONG EXPERIENCES HIGHEST RISE IN CONSUMER
More informationKONE CAPITAL MARKETS DAY 2012 Sustainable growth in China. William B. Johnson, Managing Director, KONE China June 8, 2012
KONE CAPITAL MARKETS DAY 2012 Sustainable growth in China William B. Johnson, Managing Director, KONE China Agenda Construction market trends E&E market development Improved competitiveness with new offering
More informationChina: A summary of Implementing GATS Commitments in Main Service Sectors
China: A summary of Implementing GATS Commitments in Main Service Sectors Sectors Commitments Progresses in implementation Banking Location: Upon accession, foreign currency business allowed Foreign currency
More informationSummary. The RMB will be added to the IMF s SDR basket of currencies starting October 1 st, which will be
Summary Editor: Tristan Zhuo Senior Economist Phone: +852 2826 6193 Email: tristanzhuo@bochk.com China s economic momentum strengthened somewhat in the month of August. Industrial production has largely
More informationHong Kong & Mainland China News January-2017
Hong Kong & Mainland China News January-2017 Mainland manufacturing expands at faster pace Tuesday, January 3, 2017 The mainland s manufacturing activity expanded at its quickest pace in nearly four years
More informationThe State Council released Guofa [2016] No. 32 ( Circular 32 ) on Companies
TABLE OF CONTENTS 1. China Updates China Government Further Relaxes Trade Services and Investments by Hong Kong and Macao Service Providers New Regulations on China (Guangdong) Pilot Free Trade Zone (FTZ)
More informationChina Everbright Limited (00165.HK) 2012 Annual Results Presentation Press Conference
China Everbright Limited (00165.HK) 2012 Annual Results Presentation Press Conference 2013.03.26 Management Team Chen Shuang Executive Director & CEO Richard Tang Executive Director & CFO Frederick Tsang
More informationCHINA BIWEEKLY. Innovation in the Electronics and Information Technology Manufacturing Industry Developed Significantly in 2017
CHINA BIWEEKLY RMB Internationalization Business Promotion Office Global Business Division December 24th 2018 BIWEEKLY DIGEST [Economy] Manufacturing PMI in Distinct Downward Trend, Recording 50.0 Points
More informationFinancial & Professional Services
CBBC Sector Initiatives & Highlights Financial & Professional Services www.cbbc.org 建议 Advice Ι 支持 Support Ι 网络 Networking Sector Overview - Financial & Professional Services The UK and China have an unparalleled
More informationASF Hong Kong Market Report
HONG KONG ECONOMY ASF 2016 - Hong Kong Market Report Background As everyone knows, Hong Kong has a very good geographic location, it is surround by sea and backup by a huge China market. HK has taken a
More informationINDUSTRY OVERVIEW RESEARCH BACKGROUND, METHOD AND ASSUMPTIONS. China Index Academy
This industry overview section contains information and statistics that are derived from government publications, data we purchased from China Index Academy and iresearch Consulting Group and publicly
More informationGLOBAL STOCK EXCHANGES. Page 1 May MLB Financial Group Limited. Not for Redistribution
GLOBAL STOCK EXCHANGES Page 1 May 2017 SUMMARY Having decided that a public offering is a significant step in your business. Choosing the most appropriate exchange that fits the unique needs is complex
More informationGlobal PMI. Solid Q2 growth masks widening growth differentials. July 7 th IHS Markit. All Rights Reserved.
Global PMI Solid Q2 growth masks widening growth differentials July 7 th 2017 2 Widening developed and emerging world growth trends The global economy enjoyed further steady growth in June, according to
More informationHong Kong & Mainland China News November-2017
Hong Kong & Mainland China News November-2017 HK 5th in World Bank report By www.news.gov.hk Wednesday, November 1, 2017 Hong Kong has been ranked fifth in the world's easiest places to do business, reaffirming
More informationFirst Quarter 2018 Financial Highlights
Leju Reports First Quarter 2018 Results BEIJING, May 28, 2018 /PRNewswire/ -- Leju Holdings Limited ("Leju" or the "Company") (NYSE: LEJU), a leading online-to-offline ("O2O") real estate services provider
More informationAnalysis on Investment Correlation between Hong Kong Economy and Mainland Economy To Pokwai1, a
International Conference on Education Technology and Social Science (ICETSS 2014) Analysis on Investment Correlation between Hong Kong Economy and Mainland Economy To Pokwai1, a 1 School of Astronautics,Beihang
More informationHong Kong Tax Analysis
Tax Issue H85/2018 22 January 2018 Hong Kong Tax Analysis IFRS 17: Tax issues in Asia Pacific Author: Hong Kong Jonathan Culver Tax Tel:+852 2852 6683 Email: joculver@deloitte.com.hk What is IFRS 17? IFRS
More informationHong Kong & Mainland China News January-2018
Hong Kong & Mainland China News January-2018 China services PMI shows solid growth By www.thestandard.com.hk Friday, January 5, 2018 China's services sector activity expanded at its fastest pace in over
More informationP R O F E S S I O N A L D I V E R S I T Y N E T W O R K, I N C.
P R O F E S S I O N A L D I V E R S I T Y N E T W O R K, I N C. August 25, 2017 www.ipdnusa.com USA www.ipdchina.com CHINA N A S D A Q : I P D N Shares O/S 3.936MM S A F E H A R B O R Notice Regarding
More informationThe Bank of East Asia, Limited 2017 Final Results - Highlights (for year ended 31 st December, 2017)
For Immediate Release Hong Kong, 22 nd February, 2018 The Bank of East Asia, Limited 2017 Final Results - Highlights (for year ended 31 st December, 2017) Strong results delivering EPS growth of 165% to
More informationTHE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2017
THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY GENERAL REPORT FOR AUSTRALIA, MAINLAND CHINA, HONG KONG, INDONESIA, MALAYSIA, NEW ZEALAND, SINGAPORE AND VIETNAM Legal notice CPA Australia Ltd ( CPA
More information2016 RHODE ISLAND FAMILY PROSPERITY INDEX ECONOMICS 14 ECONOMICS RI RANKS 43RD NATIONALLY TABLE 1 ECONOMICS MAJOR INDEX RATINGS
2016 RHODE ISLAND FAMILY PROSPERITY INDEX ECONOMICS 14 ECONOMICS RI RANKS 43RD NATIONALLY TABLE 1 ECONOMICS MAJOR INDEX RATINGS Measure National Rank New England Rank Economics 43rd 5th Private Sector
More informationVietnam Looking Forward
Looking Forward 1 in Regional Perspectives Compared to its regional peers, economy, although the smallest in size, is the most dynamic in terms of growth. GDP growth (%) USD 395 Bn 8.0 7.0 6.0 5.0 4.0
More informationGlobal PMI. Global economic growth kicks higher at start of fourth quarter but outlook darkens. November 14 th 2016
Global PMI Global economic growth kicks higher at start of fourth quarter but outlook darkens November 14 th 2016 2 Global PMI at 11-month high in October Global economic growth kicked higher at the start
More informationYY Reports First Quarter 2018 Unaudited Financial Results
YY Reports First Quarter Unaudited Financial Results June 5, GUANGZHOU, China, June 06, (GLOBE NEWSWIRE) -- YY Inc. (NASDAQ:YY) ( YY or the Company ), a leading live streaming social media platform in
More informationNews Flash China Tax and Business Advisory. July 2017 Issue 26. In brief. In detail.
News Flash China Tax and Business Advisory th July 2017 Issue 26 In brief Shanghai Pudong New Area, which shoulders the important mission of China s reform on opening-up, has also recently been given the
More informationDoing Business in China: Updates and Opportunities
Doing Business in China: Updates and Opportunities September 29, 2006 Andrew M. Pan North American Representative Office of Shenzhen, China (NAROS) Outline China Economic Developments China Regional Economy
More informationMoneyTree TM China TMT Report
PricewaterhouseCoopers Zhong Tian LLP MoneyTree TM China TMT Report Q3/Q4 24 Data source: Zero2IPO Research Technology Institute This MoneyTree TM China Telecommunications, Media and Technology (TMT) Report
More informationHORWATH HTL NEWSLETTER CHINA EDITION 2, 2010 浩华中国资讯 2010 年第 2 期
HORWATH HTL NEWSLETTER EDITION 2, 2010 浩华中国资讯 2010 年第 2 期 MARKET OVERVIEW XIAMEN GENERAL MARKET REVIEW Located in the southeastern part of Fujian province, Xiamen is one of China s Special Economic Zones,
More informationChina Sourcing Update
China Sourcing Update May 16, 2018 Major Price Indicators 1. CPI growth slows in April The year-on-year growth rate of China s consumer price index (CPI) 1 fell from 2.1% in March to 1.8% in April, which
More informationFor Immediate Release
Press Release For Immediate Release CHINA LIFE INSURANCE COMPANY LIMITED ANNOUNCES 2016 INTERIM RESULTS (H SHARE) HONG KONG, 25 August 2016 China Life Insurance Company Limited (SSE: 601628, HKSE: 2628,
More informationCHINA AND HONG KONG RESIDENTIAL MARKETs overview
CHINA AND HONG KONG RESIDENTIAL MARKETs overview Press Conference by Knight Frank 9 Jun 2015 1 CHINA RESIDENTIAL MARKET Presented by David Ji, Director and Head of Research & Consultancy, Greater China
More informationUlster Bank Northern Ireland PMI
Embargoed until 0101 (UK) 14 January 2019 Ulster Bank Northern Ireland PMI New orders stagnate in December Key Findings No change in new business ends 25-month sequence of growth Further solid rises in
More informationStandard Chartered Hong Kong SME Leading Business Index
Standard Chartered Hong Kong SME Leading Business Index Quarter 3, 2013 About the index Sponsored by Standard Chartered Bank (Hong Kong) Limited, the Standard Chartered Hong Kong SME Leading Business Index
More informationBin Yuan Capital First Quarter 2017
Bin Yuan Capital First Quarter 2017 Market Review The Chinese stocks consolidated in March after increasing for two consecutive months in January and February. During the first quarter, the Shanghai Composite
More informationChina Sourcing Update
China Sourcing Update December 12, 2018 Major Price Indicators 1. CPI growth decelerates in November The year-on-year growth rate of China s consumer price index (CPI) 1 decelerated to 2.2% in November
More informationANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2015
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationINDUSTRY OVERVIEW SOURCE OF INFORMATION
3rd Sch3 The information presented in this section is, including certain facts, statistics and data, derived from the CIC Report, which was commissioned by us and from various official government publications
More informationHong Kong & Mainland China News September-2014
Hong Kong & Mainland China News September-2014 Stock Connect trial goes off 'smoothly' By thestandard.com.hk Monday, September 01, 2014 The first full trial of the Shanghai-Hong Kong Stock Connect was
More informationWebinar: A look at the Top-10 China Financial Industry Trends for 2013
Webinar: A look at the Top-10 China Financial Industry Trends for 2013 February 7th, 2013-17:00 17:45 Beijing Standard Time The webinar will start in a few minutes. For more information about the topics
More informationHong Kong/China Market
Hong Kong/China Market Technical Strategy The HSI has risen along an uptrend since Feb16, but rising momentum weakened noticeably in recent sessions as turnover volume shrank Indices Latest Chg. Pts HSI
More informationPanel on. Policymaking in a Global Context. Remarks by. Robert T. Parry. President and Chief Executive Officer Federal Reserve Bank of San Francisco
Panel on Policymaking in a Global Context Remarks by Robert T. Parry President and Chief Executive Officer Federal Reserve Bank of San Francisco Delivered at the conference on Crises, Contagion, and Coordination:
More informationChinaAMC Return Securities Investment Fund Fourth Quarterly Report December 31, 2015
ChinaAMC Return Securities Investment Fund Fourth Quarterly Report 2015 December 31, 2015 Fund Manager: China Asset Management Co., Ltd. Fund Custodian: Bank of China Limited Report Issue Date: January
More informationFor Immediate Release. Hong Kong, 17 th February, ,505 3,723
Hong Kong, 17 th February, 2017 For Immediate Release The Bank of East Asia, Limited 2016 Final Results - Highlights (for the year ended 31 st December, 2016) Our three year cost-saving plan is firmly
More informationHong Kong & Mainland China News October-2014
Hong Kong & Mainland China News October-2014 HK-Chile trade pact to take effect Friday, October 03, 2014 A Free Trade Agreement between Hong Kong and Chile will come into effect on October 9, the Trade
More informationEquity Investing T. ROWE PRICE S GLOBAL STOCK FUND
FUND SPOTLIGHT November 2017 In-depth analysis and insights to inform your decision-making. Equity Investing T. ROWE PRICE S GLOBAL STOCK FUND David Eiswert Portfolio Manager, Global Stock Fund EXECUTIVE
More information3Q 2010 Financial Performance Review
3Q 2010 Financial Performance Review IFRS October 2010 0 Disclaimer This information contained in this material does not constitute an offer of, or an invitation to purchase or subscribe for, the securities
More informationINVESTING IN CHINA - NEW CHALLENGES, PROBLEMS AND ISSUES - (Written by Mary Zhu under the editorial supervision of Adriana Morrison)
INVESTING IN CHINA - NEW CHALLENGES, PROBLEMS AND ISSUES - (Written by Mary Zhu under the editorial supervision of Adriana Morrison) REGULATORY REGIME FOR FOREIGN INVESTMENT Economic Overview Foreign Direct
More informationChina Related Party Transactions and TP Documentation Rules Highlights. 10 August 2016
China Related Party Transactions and TP Documentation Rules Highlights 10 August 2016 Related Party Transactions and TP Documentation Rules Aligned with OECD recommendations and adapted for China Bulletin
More informationPMI Report on China Manufacturing
FUNG BUSINESS INTELLIGENCE www.fbicgroup.com FUNG BUSINESS INTELLIGENCE 28 February 2019 PMI Report on China Manufacturing CFLP 中國物流與採購聯合會 China Federation of Logistics & Purchasing (CFLP) is the logistics
More informationLeju Reports First Quarter 2017 Results. June 14, :00 AM ET
Leju Reports First Quarter 2017 Results June 14, 2017 6:00 AM ET BEIJING, June 14, 2017 /PRNewswire/ -- Leju Holdings Limited ("Leju" or the "Company") (NYSE: LEJU), a leading online-to-offline ("O2O")
More informationCONTENT. 2 Financial Highlights 3 Management Discussion and. 27 Condensed Consolidated. 21 Report on Review of Interim. 28 Condensed Consolidated
CONTENT 2 Financial Highlights 3 Management Discussion and Analysis 21 Report on Review of Interim Condensed Consolidated Financial Statements 23 Condensed Consolidated Statement of Profit or Loss 24 Condensed
More information2016 Annual Results Press Release
China Merchants Bank Announces 2016 Annual Results Adhered to the Light-operation Bank strategy with enhanced edges of One Body with Two Wings Net profit reached RMB62.081 billion, up 7.60% year-on-year
More informationJOINT ANNOUNCEMENT DISPOSAL OF A 75% EQUITY INTEREST IN TIANJIN PROJECT COMPANY
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationLeju Reports First Quarter 2014 Results
Page 1 Leju Reports First Quarter 2014 Results BEIJING, May 20, 2014 Leju Holdings Limited ("Leju" or the "Company") (NYSE: LEJU), a leading online-to-offline ("O2O") real estate services provider in China,
More informationCONTENTS. Corporate Information 2. Management Discussion and Analysis 3. Additional Information Required Under Listing Rules 8
CONTENTS 1 Corporate Information 2 Management Discussion and Analysis 3 Additional Information Required Under Listing Rules 8 Report on Review of Condensed Consolidated Financial Statements 11 Condensed
More informationChina Sourcing Update
China Sourcing Update February 18, 2019 Major Price Indicators 1. CPI growth decelerates in January The year-on-year growth rate of China s consumer price index (CPI) 1 decelerated to 1.7% in January from
More informationCLSA Asia Investors Forum Las Vegas, February 2009
Online Magazines Trade shows Research (NASDAQ-GS: GSOL) CLSA Asia Investors Forum Las Vegas, February 2009 Merle A. Hinrichs Chairman & CEO Safe Harbor This presentation contains forward-looking statements
More information2018 H1 Taiwan Life Insurance Market Overview
2018 H1 Taiwan Life Insurance Market Overview I. Life Insurance Industry Business and Financial Overview A. Business Statistics The life insurance industry in Taiwan recorded NTD 1,750.1 billion in total
More information2010 China VC/PE Industry Survey Report
2010 China VC/PE Industry Survey Report www.cvca.org.cn The China Venture Capital and Private Equity Association ( CVCA ), incorporated in the middle of 2002, is a member-based trade organization established
More informationHaitong China RMB Income Fund ( Sub-Fund ), a sub-fund of Haitong RMB Investment Fund Series. NOTICE TO UNITHOLDERS 20 June 2014
This document is important and requires your immediate attention. If you are in any doubt about the contents of this document, you should seek independent professional advice. Haitong China RMB Income
More informationHong Kong & Mainland China News June-2016
Hong Kong & Mainland China News June-2016 Mainland manufacturing may be stabilising Wednesday, June 1, 2016 Manufacturing on the mainland is showing further signs of stabilisation, according to government
More informationChinax Updates. Vol. 2017/11. In this Issue
Chinax Vol. 2017/11 In this Issue Shanghai City Government Releases Opinions on R&D Centers Guidelines on Deepening the Reform of the Review and Approval System and Encouraging Innovation of Drugs and
More informationNEWS RELEASE. SMIC Reports 2014 Fourth Quarter Results. All currency figures stated in this report are in US Dollars unless stated otherwise.
Contact: Investor Relations +86-21-3861-0000 ext. 12804 ir@smics.com NEWS RELEASE SMIC Reports 2014 Fourth Quarter Results All currency figures stated in this report are in US Dollars unless stated otherwise.
More informationbrief China Mark Hammonds Edmund Harriss July 2014 Commentary and Review by Portfolio Manager Edmund Harriss & Analyst Mark Hammonds
Edmund Harriss Mark Hammonds Commentary and Review by Portfolio Manager Edmund Harriss & Analyst Mark Hammonds stock and currency markets improved in the second quarter on improving economic momentum.
More informationTable of Contents. Topic 1: Marketplace Dynamics
Table of Contents Topic 1: Marketplace Dynamics Overall Economy and Company 1 Are you more or less optimistic about the U.S. economy compared to last quarter? 2 Rate your optimism about the U.S. economy
More informationInsurance Accounting Transformation The journey of Indian insurers towards IFRS 4 Phase I and Phase II
Speaker Name & Country : Francesco Nagari, Global IFRS Insurance Leader at Deloitte Topic: Insurance Accounting Transformation The journey of Indian insurers towards The lack of comparability and the often
More informationThe U.S. Economy After the Great Recession: America s Deleveraging and Recovery Experience
The U.S. Economy After the Great Recession: America s Deleveraging and Recovery Experience Sherle R. Schwenninger and Samuel Sherraden Economic Growth Program March 2014 Introduction The bursting of the
More informationMANPOWER CONCERNS DROP AS SMEs FOCUS ON GROWTH
NEWS RELEASE For Immediate Release MANPOWER CONCERNS DROP AS SMEs FOCUS ON GROWTH Payment problems leading to cash flow concerns 20 November, 2017 [SINGAPORE] SMEs are adjusting their business models and
More informationYY Reports Third Quarter 2016 Unaudited Financial Results
YY Reports Third Quarter Unaudited Financial Results Guangzhou, China, November 21, YY Inc. (NASDAQ: YY) ("YY" or the "Company"), a live streaming platform, today announced its unaudited financial results
More informationHong Kong & Mainland China News August-2016
Hong Kong & Mainland China News August-2016 HSBC jumps on buyback, dividend plans Thursday, August 4, 2016 HSBC Holdings (0005) rose the most since April in Hong Kong after it announced a US$2.5 billion
More informationPinduoduo Announces Second Quarter 2018 Unaudited Financial Results
Pinduoduo Announces Second Quarter 2018 Unaudited Financial Results SHANGHAI, CHINA August 30, 2018 Pinduoduo Inc. ("Pinduoduo" or the "Company") (NASDAQ:PDD), an innovative and fast growing new e-commerce
More informationMarket Bulletin. China: Still sneezing hard. January 20, 2016 MARKET INSIGHTS. In brief
MARKET INSIGHTS Market Bulletin January 20, 2016 China: Still sneezing hard In brief Slower 4Q15 GDP growth and soft December data add to concerns about China s economic health. On a more encouraging note,
More informationVenture Capital Insights 2Q14
Venture Capital Insights Q Global VC investment landscape Cost to start enterprise and consumer venture-backed companies August Insights development team Bryan Pearce, Global Leader, Entrepreneur Of The
More informationDomestic Trade. Foreign Trade JUN Retail sales of consumer goods gain 10.3% yoy in January to April 2016.
ISSUE 42 JUN Domestic Trade Retail sales of consumer goods gain 10.3% yoy in January to April. Prices of industrial products show signs of bottoming out. Household income posts impressive growth in 1Q16.
More informationYY Reports Fourth Quarter and Full Year 2016 Unaudited Financial Results
YY Reports Fourth Quarter and Full Year Unaudited Financial Results Guangzhou, China, March 14, 2017 YY Inc. (NASDAQ: YY) ("YY" or the "Company"), a live streaming platform, today announced its unaudited
More informationSeconding Expatriates to China Legal, Visa and Tax Issues
Seconding Expatriates to China Legal, Visa and Tax Issues Presented by Kristina Koehler-Coluccia Director, Koehler Group Koehler Group Webinar Series May 2015 Can you hear me? The presentation will be
More informationThe Hong Kong Economy in Contraction Mode
Irina Fan Senior Economist irinafan@hangseng.com Joanne Yim Chief Economist joanneyim@hangseng.com 22 December 08 The Hong Kong Economy in Contraction Mode Hong Kong is in recession and leading economic
More informationYY Reports Fourth Quarter and Full Year 2018 Unaudited Financial Results
YY Reports Fourth Quarter and Full Year 2018 Unaudited Financial Results March 4, 2019 GUANGZHOU, China, March 05, 2019 (GLOBE NEWSWIRE) -- YY Inc. (NASDAQ: YY) ( YY or the Company ), a leading live streaming
More information