{"id":11993,"date":"2015-10-19T15:55:52","date_gmt":"2015-10-19T07:55:52","guid":{"rendered":"http:\/\/westchina.austcham.org\/?p=11993"},"modified":"2015-10-30T16:09:20","modified_gmt":"2015-10-30T08:09:20","slug":"financial-services-talking-points-19-10-2015","status":"publish","type":"post","link":"https:\/\/westchina.austcham.org\/?p=11993","title":{"rendered":"Financial Services Talking Points 19-10-2015"},"content":{"rendered":"

\"fin\"<\/a><\/p>\n

Date: <\/strong>Monday, 19th<\/sup> October 2015<\/em><\/p>\n

\u00a0<\/strong><\/p>\n

MOC\u2019s statement on China\u2019s FDI in Jan-Sept (Chinese)<\/strong><\/a><\/span><\/p>\n

Source: MOC, 15 Oct 2015<\/em><\/p>\n

International M&A projects saw a significant increase, with a total amount of 20.18 billion USD, accounting for 23.1% of FDI, with non-SOE representing 67% of the total FDI pool. In addition, the nature of projects was found to have shifted from labour-intensive towards those with more of a value-added focus. The main reason for the changes were that business environment and policy support were both improving, additionally supplements by recent FTA and investment agreement signings.<\/p>\n

 <\/p>\n

China approves 218 projects worth $285 billion in Jan-Sept (English)<\/strong><\/a><\/span><\/p>\n

Source: Reuters, 15 Oct 2015<\/em><\/p>\n

China’s economic planner said it approved 218 fixed-asset projects worth 1.81 trillion yuan in the first nine months of the year, as Beijing looks to drive infrastructure investment to support slowing economic growth. The highest number of approvals were in the transportation and infrastructure sector, which saw 84 projects worth 990.6 billion yuan. It also gave the greenlight to 398.2 billion yuan worth of irrigation and water conservancy projects, as well as to 236.6 billion yuan of energy projects.<\/p>\n

 <\/p>\n

China tech beckons Asia bankers (English)<\/strong><\/a><\/span><\/p>\n

Source: Financial News, 14 Oct 2015<\/p>\n

Mirroring a US trend, senior bankers in Asia are jumping ship to join Chinese technology companies. Credit Suisse\u2019s head, JP Morgan Chase\u2019s head and Merrill Lynch\u2019s head have all left for Chinese tech companies. At Chinese technology companies, billions of dollars in venture capital have led to soaring valuations and cash-rich balance sheets. Many of these companies are now looking to put excess capital to work by making acquisitions, which creates roles for people with banking experience.<\/p>\n

 <\/p>\n

China must hasten infrastructure investment to stabilize growth: state advisor (English)<\/strong><\/a><\/span><\/p>\n

Source: Reuters, 18 Oct 2015<\/em><\/p>\n

Increased infrastructure investment is key to stabilizing China’s economic growth, a top state advisor Yu Bin said on Sunday, while calling on the central bank to lower the cost of financing for companies and increase overall credit. Yu also said China should implement fiscal, taxation and financial policies to encourage companies to merge and restructure, and allow bankruptcies to solve the problem of overcapacity.<\/p>\n

\u00a0<\/em><\/strong><\/p>\n

Other Financial Services Working Group Members\u2019 market updates<\/em><\/strong>:<\/strong><\/p>\n

Australian Markets Weekly<\/a><\/span> by National Australia Bank<\/p>\n

Australian Economic Perspective<\/a> <\/span>by Commonwealth Bank<\/p>\n

Australian Economic Reports<\/a><\/span> by Westpac Banking Corporation<\/p>\n

ANZ Bluenotes<\/a><\/span> by ANZ Bank<\/p>\n

Market Insights<\/a><\/span> by Macquarie Group<\/p>\n

 <\/p>\n

This brief\u00a0summarises a range of publicly available news articles in both Chinese and English and AustCham\u00a0takes no responsibility for the\u00a0accuracy of the information in these articles. In\u00a0addition, the views and opinions reflected in these articles\u00a0are\u00a0not necessarily representative of AustCham.<\/em><\/p>\n

\u00a0<\/em><\/p>\n

AustCham Beijing\u2019s Financial Services Working Group is chaired by Zhongmin Zha (Westpac Banking Corporation). For more details on how to get involved in the AustCham Beijing Financial Services Working Group, please contact <\/em>Andrew Britz<\/em><\/a><\/span><\/strong>.<\/em><\/p>\n

\u00a0<\/em><\/p>\n

Click here<\/strong><\/span><\/a> to get a PDF version.<\/p>\n","protected":false},"excerpt":{"rendered":"

Date: Monday, 19th October 2015 \u00a0 MOC\u2019s statement on China\u2019s FDI in Jan-Sept (Chinese) Source: MOC, 15 Oct 2015 International M&A projects saw a significant increase, with a total amount …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32,26,33],"tags":[],"class_list":["post-11993","post","type-post","status-publish","format-standard","hentry","category-financial-services","category-news","category-others"],"acf":[],"_links":{"self":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/11993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11993"}],"version-history":[{"count":1,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/11993\/revisions"}],"predecessor-version":[{"id":12003,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/11993\/revisions\/12003"}],"wp:attachment":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}