{"id":16939,"date":"2016-03-24T13:28:54","date_gmt":"2016-03-24T05:28:54","guid":{"rendered":"http:\/\/westchina.austcham.org\/?p=16939"},"modified":"2016-03-24T13:37:41","modified_gmt":"2016-03-24T05:37:41","slug":"fstp-240316","status":"publish","type":"post","link":"https:\/\/westchina.austcham.org\/?p=16939","title":{"rendered":"Financial Services Talking Points, 24-03-2016"},"content":{"rendered":"
\"FinancialsTPB\"<\/a><\/div>\n
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China offers US$11.5 billion in loans, credit to Southeast Asia<\/strong><\/p>\n

In a bid to inject growth in Southeast Asia and surrounding regions China has pledged that it will provide US$11.5 billion in loans and credit to Myanmar, Laos, Thailand, Cambodia and Vietnam. Premier Li Keqiang offered this credit in order to invest in better infrastructure for the regions who are struggling to raise funds for roads, ports and railways. A key ingredient required to stimulated growth in these countries. As China continues to push ahead with the Silk Road project Li mentioned that stimulation needs to be provided in these five specific regions, \u201cThere are six countries on one river. The Lancang-Mekong sub-region is our joint home”. Relationships need to be rekindled and strengthened despite previous disputes over territory and failed investments. Click\u00a0here<\/a>\u00a0to read the full article.<\/p>\n

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China Great Wage Boom Seen Abating, With Unemployment Rising<\/strong><\/p>\n

As we see China\u2019s economy slowdown in this fiscal year, officials are worried that domestic consumption will be severely affected. It is common rhetoric in China that the focus is moving away from secondary industries to a service based consumer model which is seeing growth. However domestic consumption will remain low if wages and employment remain stagnant. Domestic incomes rose this year from 6.5 to 6.9 but flagged behind last year\u2019s increase of 7.4. Unemployment and new job opportunities are a key focus for the Chinese government, Premier Li Keqiang has set to create 10 million jobs this year. If this is even partly delivered this will be good news for the urban population as it is currently seeing unemployment rates predicted to rise from 5.3 percent to 5.5 percent in 2016, up from about 5.1 percent last year. Click\u00a0here<\/a>\u00a0to read the full article.<\/p>\n

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ENN takes $1b stake in Santos<\/strong><\/p>\n

China\u2019s largest private gas company ENN Group has just acquired a 11.7 percent shareholder stake from Hony Capital\u2019s Santos, making it the Australian energy giant\u2019s largest shareholder. This comes in conjunction with Hony buying a $US380 million stake in ENN privately. As of today Santos shares climbed 11 cents irrespective of continued weakening of oil prices. Santos released a statement noting that this was a step forward for it\u2019s business across the region, and it\u2019s aims to \u2018develop a vertically integrated international natural gas company\u2019. ENN Group chairman Wang Yusuo and Hony chairman John Zhao both reflected on the strategic benefits of having direct access to Australia and Chinese markets given the regions rapidly growing energy markets. Click\u00a0here<\/a>\u00a0for the full article.<\/p>\n

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The bumpy future of China\u2019s economy<\/strong><\/p>\n

At the Boao Forum this week China\u2019s economic future was on the minds of all those present. The annual meeting held in Hainan, is frequented by the heavy hitters in China\u2019s political and economic circles. This year on the agenda, slow growth and employment rates, moving from manufacturing to services. But what does this restructuring mean for the \u2018New China\u2019? It means the workforce will need to adapt from the factory to the office, and those who don\u2019t transition will be left behind. Economist Rob Subbaraman stated that it wasn\u2019t going to be easy, and that \u2018like any developing economy, China had to move out of low end inefficiencies and higher up the value chain\u2019. However, like most transitions, the concept of a \u2018New China\u2019 built on innovation and technology is an exciting prospect nonetheless. Click\u00a0here<\/a>\u00a0for the full article.<\/p>\n

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China offers US$11.5 billion in loans, credit to Southeast Asia In a bid to inject growth in Southeast Asia and surrounding regions China has pledged that it will provide US$11.5 …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[],"class_list":["post-16939","post","type-post","status-publish","format-standard","hentry","category-financial-services"],"acf":[],"_links":{"self":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/16939","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=16939"}],"version-history":[{"count":3,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/16939\/revisions"}],"predecessor-version":[{"id":16942,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/16939\/revisions\/16942"}],"wp:attachment":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}