The two cities have set up new fund structures to lure wealth away from traditional offshore financial centres In 2020, the pandemic halted travel and shut borders. But at the same time, two of Asia’s biggest financial hubs saw an opportunity to shift the global centre of gravity for hedge
BEIJING, March 5 (Xinhua) — Over the past five years, China remained committed to opening up wider to the world and expanded international economic and trade cooperation to deliver mutually beneficial outcomes, said a government work report. In response to changes in the external environment, China pursued a more proactive
Matthew Collin, David Szakonyi, and Florian M. Hollenbach Leading up to the Russian invasion of Ukraine, the U.K.’s real estate sector had built up an unsavory reputation for being a great place to stash your illicit cash. Government risk assessments repeatedly flagged the sector as being a high risk for financial crime, in part
Portuguese authorities have announced that the country’s residence by investment programme will no longer be available. The decision has been pushed by the ongoing housing crisis in the country, as housing prices have soared while Portuguese wages have remained the same. More specifically, the rental prices have increased by 37
Pearl Liu China’s top regulators unveiled more than two dozen measures to boost cross-border investment as they further opened up the Hengqin and Qianhai economic zones in the Greater Bay Area. The People’s Bank of China (PBOC) along with the China Banking and Insurance Regulatory Commission, the China Securities Regulatory
By Christopher Condon While Treasury Secretary Yellen expects businesses to back the push for a global minimum tax, the U.S. Chamber of Commerce worries some still-ambiguous elements may disadvantage U.S. businesses. Neil Bradley, chief policy officer for the U.S. Chamber of Commerce, said the group has grown increasingly concerned that
By Arta Desku Authorities in Indonesia have unfolded plans to introduce the Golden Visa Program for foreigners, thus permitting them to acquire residency in this country provided they meet specific conditions and make a financial contribution to the country’s economic sector. Through the Golden Visa scheme, which is a version of
Golden visas were set up in Portugal about a decade ago Government held a cabinet meeting on Thursday about housing By Henrique Almeida Portugal will end its so-called golden visa program for new foreign property buyers as it tries to address the lack of affordable housing in one of Western
Ellesheva Kissin China’s gross domestic product (GDP) expanded by just 3% in 2022, a level well below the official target of 5.5% and one of the slowest growth rates recorded in almost half a century. The data published on January 17 by China’s National Bureau of Statistics shows how strict
By LIU ZHIHUA and ZHONG NAN China’s foreign direct investment inflows are expected to hit a new record in 2023 and will probably rank first in the world, experts said on Wednesday. This is because the country’s FDI surge against headwinds last year has indicated foreign investors’ strong confidence in
