#Newspaper
Exclusive: India foreign investment rules aimed at China to include Hong Kong
//New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong
//foreign direct investments from countries with which it shares a land border would require prior government approval to deter “opportunistic” takeovers and acquisitions during the pandemic
//A substantial part of Chinese investments is routed through the Asian financial centre given its market expertise and deep pool of liquidity.
//“It’s common sense how Hong Kong investment should be taken. Investment from there is no different to China,”
//Some experts believe the total investment coming through Chinese entities is far higher as it is routed through multiple jurisdictions.
//The new rules govern entities located in a country that shares a land border with India and will be applicable even if the “beneficial owner” of an investment is from those nations.
//the new rules of scrutiny would apply to foreign direct investments in greenfield projects.
//The new rules are seen slowing down investment timelines and straining Indian startups that get regular funding from major Chinese companies, especially when the coronavirus outbreak has already hit them hard.
//India took the decision after several local industry groups flagged concerns around Chinese inflows during the spread of coronavirus that had made some Indian businesses more vulnerable to takeovers
//Several ministries, including India’s foreign affairs department, then pitched for changes and studied similar restrictions that had been imposed by countries such as Germany and Australia
Full Article: Reuters, (20-Apr)
Further reading:
Govt Prepares Detailed Plan to Evacuate Stranded Indians Across Globe
https://www.youtube.com/watch?v=DNiyZc9gmP4
Coronavirus: Virgin Australia eyed by three Chinese airlines for rescue deal
https://7news.com.au/news/aviation/coronavirus-virgin-australia-eyed-by-three-chinese-airlines-for-rescue-deal-c-984678.amp
#India #Investment #Restriction #Globalization #FinancialHub #China #LamChao #Economy
Exclusive: India foreign investment rules aimed at China to include Hong Kong
//New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong
//foreign direct investments from countries with which it shares a land border would require prior government approval to deter “opportunistic” takeovers and acquisitions during the pandemic
//A substantial part of Chinese investments is routed through the Asian financial centre given its market expertise and deep pool of liquidity.
//“It’s common sense how Hong Kong investment should be taken. Investment from there is no different to China,”
//Some experts believe the total investment coming through Chinese entities is far higher as it is routed through multiple jurisdictions.
//The new rules govern entities located in a country that shares a land border with India and will be applicable even if the “beneficial owner” of an investment is from those nations.
//the new rules of scrutiny would apply to foreign direct investments in greenfield projects.
//The new rules are seen slowing down investment timelines and straining Indian startups that get regular funding from major Chinese companies, especially when the coronavirus outbreak has already hit them hard.
//India took the decision after several local industry groups flagged concerns around Chinese inflows during the spread of coronavirus that had made some Indian businesses more vulnerable to takeovers
//Several ministries, including India’s foreign affairs department, then pitched for changes and studied similar restrictions that had been imposed by countries such as Germany and Australia
Full Article: Reuters, (20-Apr)
Further reading:
Govt Prepares Detailed Plan to Evacuate Stranded Indians Across Globe
https://www.youtube.com/watch?v=DNiyZc9gmP4
Coronavirus: Virgin Australia eyed by three Chinese airlines for rescue deal
https://7news.com.au/news/aviation/coronavirus-virgin-australia-eyed-by-three-chinese-airlines-for-rescue-deal-c-984678.amp
#India #Investment #Restriction #Globalization #FinancialHub #China #LamChao #Economy
Reuters
Exclusive: India foreign investment rules aimed at China to include Hong Kong - sources
NEW DELHI (Reuters) - New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong, two senior government sources told Reuters on Monday.
Sweden plans to stop foreign investment that harm the country’s security interests
Image: Internet
Further reading:
Exclusive: India foreign investment rules aimed at China to include Hong Kong
https://t.me/guardiansofhongkong/1991
#Sweden #Investment #Security #China
Image: Internet
Further reading:
Exclusive: India foreign investment rules aimed at China to include Hong Kong
https://t.me/guardiansofhongkong/1991
#Sweden #Investment #Security #China
#Newspaper
Several Chinese banks paused processing applications for personal precious metal investment accounts, due to the international fluctuating price
(27 Nov) Numerous middle and large scale commercial banks in mainland China have announced the pause of processing new investment account applications for trading precious metal such as gold and silver, as the market price is subject to recent international politics environment and Covid-19 pandemic, and is experiencing an extreme fluctuation, enlarging the risks of trading and investing.
The Bank of China, the Industrial and Commercial Bank of China, the China Construction Bank and the Agricultural Bank of China indicated that they will pause opening new personal bank accounts and gold and silver accounts for investment, while the existing accounts are not affected by the arrangement. For other banks such as the Bank of Communication, the China Merchants Bank and the Industrial Bank, they also have similar arrangements.
Source: Radio Television Hong Kong
Translated by: Hong Kong Echo
#ChinaBanks #Pause #NewAccount #Investment #Gold #Silver
Several Chinese banks paused processing applications for personal precious metal investment accounts, due to the international fluctuating price
(27 Nov) Numerous middle and large scale commercial banks in mainland China have announced the pause of processing new investment account applications for trading precious metal such as gold and silver, as the market price is subject to recent international politics environment and Covid-19 pandemic, and is experiencing an extreme fluctuation, enlarging the risks of trading and investing.
The Bank of China, the Industrial and Commercial Bank of China, the China Construction Bank and the Agricultural Bank of China indicated that they will pause opening new personal bank accounts and gold and silver accounts for investment, while the existing accounts are not affected by the arrangement. For other banks such as the Bank of Communication, the China Merchants Bank and the Industrial Bank, they also have similar arrangements.
Source: Radio Television Hong Kong
Translated by: Hong Kong Echo
#ChinaBanks #Pause #NewAccount #Investment #Gold #Silver
news.rthk.hk
多家內銀暫停個人貴金屬交易開戶 因國際金銀價格波動
內地多家大中型商業銀行先後公布，暫停個人黃金、白銀等貴金屬交易業務新客戶開立交易帳戶，因為近期受國際政治經濟形勢，以及新型肺炎疫情等影響，貴金屬市場價格劇烈波動，投資交易風險加大。 中國銀行、工商銀行、建設銀行、農業銀行表示，暫停各渠道的個人帳戶黃金、帳戶白銀業務新客戶開立交易帳戶，已開戶客戶的正常交易則不受影響。 交通銀行、招商銀行及興業銀行，亦有類似安排。
EU suspends efforts to ratify controversial investment deal with China
The EU has suspended efforts to ratify an investment deal with China because of tensions between Brussels and Beijing.
The agreement was reached in principle last December but had yet to receive the necessary endorsement from EU institutions, such as the European Parliament.
"We have for the time being [...] suspended some efforts of political awareness on the part of the Commission because it's clear that, in the current situation, with the sanctions of the EU against China and the Chinese counter-sanctions, including against Members of the European Parliament, the environment is not conducive to the ratification of the agreement," Valdis Dombrovskis, executive vice-president of the European Commission, told French news agency AFP in an interview.
Source: EuroNews #May05
https://www.euronews.com/2021/05/04/eu-suspends-efforts-to-ratify-controversial-investment-deal-with-china
#EU #Investment #China #Agreement #Sanction
The EU has suspended efforts to ratify an investment deal with China because of tensions between Brussels and Beijing.
The agreement was reached in principle last December but had yet to receive the necessary endorsement from EU institutions, such as the European Parliament.
"We have for the time being [...] suspended some efforts of political awareness on the part of the Commission because it's clear that, in the current situation, with the sanctions of the EU against China and the Chinese counter-sanctions, including against Members of the European Parliament, the environment is not conducive to the ratification of the agreement," Valdis Dombrovskis, executive vice-president of the European Commission, told French news agency AFP in an interview.
Source: EuroNews #May05
https://www.euronews.com/2021/05/04/eu-suspends-efforts-to-ratify-controversial-investment-deal-with-china
#EU #Investment #China #Agreement #Sanction
Huawei allegedly spies on Dutch telecom users including political figures, arose Dutch regulators investigation
Netherland's media De Volkskrant obtained a confidential document alleges that Huawei had access to monitor the calls of users of KPN, the largest telecommunications network in the Netherlands, 10 years ago. The Guardian reported that the confidential report, made for KPN by the Capgemini consultancy firm in 2010, concluded that Huawei could have been monitoring the calls of approximately 6.5 million users without KPN’s knowledge, including politicians such as former prime minister Jan Peter Balkenende and Chinese dissidents. Both KPN and Huawei deny the allegations. The Dutch telecommunications regulator announced on Monday (19 April) that it will investigate the incident.
According to the report, Huawei staff in the Netherlands and China could have monitored calls made by Prime Minister Jan Peter Balkenende, local dignitaries, and Chinese dissidents. "The continued existence of KPN Mobile is in serious danger because permits may be revoked or the government and businesses may give up their confidence in KPN if it becomes known that the Chinese government can eavesdrop on KPN mobile numbers and shut down the network", de Volkskrant quotes the report.
Source: Stand News #Apr20
https://bit.ly/3txBRmn
#Huawei #Netherlands #Telecommunication #Politics #Eavesdrop #Investment #TheGuardians #KPN
Netherland's media De Volkskrant obtained a confidential document alleges that Huawei had access to monitor the calls of users of KPN, the largest telecommunications network in the Netherlands, 10 years ago. The Guardian reported that the confidential report, made for KPN by the Capgemini consultancy firm in 2010, concluded that Huawei could have been monitoring the calls of approximately 6.5 million users without KPN’s knowledge, including politicians such as former prime minister Jan Peter Balkenende and Chinese dissidents. Both KPN and Huawei deny the allegations. The Dutch telecommunications regulator announced on Monday (19 April) that it will investigate the incident.
According to the report, Huawei staff in the Netherlands and China could have monitored calls made by Prime Minister Jan Peter Balkenende, local dignitaries, and Chinese dissidents. "The continued existence of KPN Mobile is in serious danger because permits may be revoked or the government and businesses may give up their confidence in KPN if it becomes known that the Chinese government can eavesdrop on KPN mobile numbers and shut down the network", de Volkskrant quotes the report.
Source: Stand News #Apr20
https://bit.ly/3txBRmn
#Huawei #Netherlands #Telecommunication #Politics #Eavesdrop #Investment #TheGuardians #KPN
立場新聞 Stand News
華為被指可監控荷蘭電訊商用戶通話 政要或被監聽 荷蘭監管機構調查 | 立場新聞
荷蘭報章 De Volkskrant 獲取一份機密文件，指控華為在 10 年前有權限監控荷蘭最大電訊網路商 K...
European Parliament to vote on freezing China investment deal
The European Parliament is expected to pass a motion on Thursday pushing to formally freeze the EU’s investment agreement with China, in the wake of what MEPs describe as Beijing’s “baseless and arbitrary” sanctions on EU lawmakers earlier this year.
The draft motion, seen by POLITICO, will also call on the EU to step up coordination with the US to deal with China, while stressing that any trade deals with Taiwan “should not be held hostage” by the deal with Beijing.
Source: Politico #May18
https://www.scmp.com/news/world/europe/article/3133983/european-parliament-vote-freezing-china-investment-deal
#European #China #EU #Freezing #Investment
The European Parliament is expected to pass a motion on Thursday pushing to formally freeze the EU’s investment agreement with China, in the wake of what MEPs describe as Beijing’s “baseless and arbitrary” sanctions on EU lawmakers earlier this year.
The draft motion, seen by POLITICO, will also call on the EU to step up coordination with the US to deal with China, while stressing that any trade deals with Taiwan “should not be held hostage” by the deal with Beijing.
Source: Politico #May18
https://www.scmp.com/news/world/europe/article/3133983/european-parliament-vote-freezing-china-investment-deal
#European #China #EU #Freezing #Investment
The European Parliament freezes China investment pact by majority
The EU–China Comprehensive Agreement on Investment (CAI) has been under negotiation since 2014. It is generally considered to be of great significance to China’s diplomacy and trade. The European Parliament voted to freeze the ratification at around 2 p.m. local time today (20May), it was passed with 599 votes in favour, 30 votes against, and 58 abstentions. According to the latest decision, European Parliament will halt the ratification and no further negotiations on the agreement will take place until China lifts sanctions on EU officials, academics, and diplomats in March.
According to reports in foreign media, chair of the European Parliament's China Delegation Reinhard Bütikofer
said that China wants to reach the agreement, but has miscalculated, and underestimated European Parliament's will in defending European interests and values.
Source: Stand News #May20
https://bit.ly/3vsqGNx
#Europe #EU #China #Parliament #Investment #Agreement
The EU–China Comprehensive Agreement on Investment (CAI) has been under negotiation since 2014. It is generally considered to be of great significance to China’s diplomacy and trade. The European Parliament voted to freeze the ratification at around 2 p.m. local time today (20May), it was passed with 599 votes in favour, 30 votes against, and 58 abstentions. According to the latest decision, European Parliament will halt the ratification and no further negotiations on the agreement will take place until China lifts sanctions on EU officials, academics, and diplomats in March.
According to reports in foreign media, chair of the European Parliament's China Delegation Reinhard Bütikofer
said that China wants to reach the agreement, but has miscalculated, and underestimated European Parliament's will in defending European interests and values.
Source: Stand News #May20
https://bit.ly/3vsqGNx
#Europe #EU #China #Parliament #Investment #Agreement
US Government updates the announcement of supply chains involving Xinjiang indicating there is high risk of offending the law
USA updates the announcement of supply chains involving Xinjiang, the added contents indicates that there might confront high risk of offending the laws if not breaking away the relevant supply chain.
Updated announcement clearly indicates that there is misdemeanor related to continuously genocide and violating human rights in Xinjiang, and they keep the descriptions related to forced labor, human rights violation and invasive monitor, and shows these actions gains support from the country.
The Trade Representative Office and Labor Department has participated in formulating the announcement and enclose the links of information from various departments. The announcement indicates that they have considered how serious and how big the scale for human rights violation, if enterprises and individuals don’t quit the involved supply chain and the relevant investments related to Xinjiang, they may confront the high risk of offending US laws.
Source: I-Cable #Jul13
http://cablenews.i-cable.com/ci/news/article/37/749506?utm_source=hk.iott.app&utm_campaign=share&ts=1626292919418
#US #government #supplychain #Xinjiang #investment
USA updates the announcement of supply chains involving Xinjiang, the added contents indicates that there might confront high risk of offending the laws if not breaking away the relevant supply chain.
Updated announcement clearly indicates that there is misdemeanor related to continuously genocide and violating human rights in Xinjiang, and they keep the descriptions related to forced labor, human rights violation and invasive monitor, and shows these actions gains support from the country.
The Trade Representative Office and Labor Department has participated in formulating the announcement and enclose the links of information from various departments. The announcement indicates that they have considered how serious and how big the scale for human rights violation, if enterprises and individuals don’t quit the involved supply chain and the relevant investments related to Xinjiang, they may confront the high risk of offending US laws.
Source: I-Cable #Jul13
http://cablenews.i-cable.com/ci/news/article/37/749506?utm_source=hk.iott.app&utm_campaign=share&ts=1626292919418
#US #government #supplychain #Xinjiang #investment
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