China from the end of June will significantly simplify the registration of enterprises with the participation of foreign investment, in order to increase the inflow of foreign funds into the country. Innovations that, according to the requirements of the State Council of China, will come into force on June 30, will allow businesses to register for free, for which it will simply be necessary to fill out a blank form on the website of the local market control agency. As the deputy minister of trade of the People's Republic of China, Wang Shouwen, said, the local authorities had developed an action plan for this purpose and intensified technical training. According to the Ministry of Commerce of China, for the first 4 months of 2018, the number of registered new enterprises with foreign capital increased by 95.4% compared to the same period last year.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...