資訊

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資訊

1 Tax distribution change causes revenue surge

September 4， 2016 （Xinhua） -- A new way of distributing business tax revenue between China's central and local governments caused a surge in the former's revenue， according to the clarification by the Ministry of Finance （MOF）. According to an MOF report this week， the central government's business tax revenue soared more than tenfold year on year in the first seven months of 2016， raising public concern. The MOF said that the central government began to share 50 percent of the country's total business tax revenue， from previously a tiny portion， on May 1， when China fully implemented its value-added tax reform. Before May， the central government collected business tax only from the headquarters of some banks and insurers. The MOF said that the central government will return the increased revenue to local governments，mainly to increase support to central and western regions.

2 Insurance funds allowed in Shanghai-HK stock connect

September 8， 2016 （Xinhua） -- Insurance authorities now allow the insurance companies in the Chinese mainland to invest in Hong Kong shares through a stock link program. Insurers have to launch wealth management products to make portfolio investments via the Shanghai-Hong Kong Stock Connect， the China Insurance Regulatory Commission （CIRC） said in an online statement. The new access to the Hong Kong market would help them improve asset structures，minimize risk and increase returns， the CIRC said. Rules on opening accounts， trading and clearing were also clarified by the CIRC. The stock connect was launched in November 2014 for investors to trade selected stocks on each other's exchanges. A similar one between Shenzhen and Hong Kong bourses is expected to start in mid- or late November.

3 Thailand bans imports of some Galaxy Note 7

September 14， 2016 （The Brunei Times） -- The national telecom regulator has banned Thai Samsung Electronics from importing a batch of Galaxy Note 7 smartphones associated with a technical flaw that caused the phone to burst into flames. National Broadcast and Telecommunication Commission （NBTC） Secretary General Takorn Tantasith said that Samsung had not yet imported its flagship Galaxy Note 7 model into Thailand. Takorn added the company could import Galaxy Note 7 smartphones that did not have safety problems at a later date， but it would have to show the NBTC that the models complied with the required electrical safety standards. DJ Koh， president of Mobile Communications Business， Samsung Electronics said in a statement that Samsung Electronics had announced a global replacement programme for the Galaxy Note 7 as a precautionary measure due to a battery-cell issue.

4 China-Brunei oyster farm JV to create 200 jobs

September 14， 2016 （The Brunei Times） -- The Chinese company Guangxi Zhongli Enterprise Group looking to establish an oyster farm joint venture with Brunei said the sultanate's natural disaster-free climate，healthy marine environment and stable political climate will ensure the success of their investment. The company had earlier signed a Memorandum of Understanding with the Brunei Economic Development Board on Monday for their proposed investment to establish an oyster production operation in Brunei. The signing took place on the sidelines of the China-ASEAN Expo 2016 in Nanning. The company's Chief Operating Officer Chan Yongson told The Brunei Times that when fully implemented in five years， the entire operation would create 200 jobs for Bruneians.

5 More Chinese FDI on thehorizon

September 16， 2016 （The Phnom Penh Post） -- China has pledged to increase its investment in Cambodia in return for the Kingdom's commitment to its regional policies and economic initiatives in Southeast Asia. Wang Lei， secretary-general of the Chinese-ASEAN Expo （CAEXPO） Secretariat said at the 13thCAEXPO in Nanning， China that Cambodia had thrown its full support behind China's policies for ASEAN， including the Maritime Silk Road， a strategic initiative to develop maritime trade and economic growth on a route extending from the South China Sea through Southeast Asia and onward to the Eastern Mediterranean. In return， he said China would look to deepen investment in Cambodia's industrial sector， primarily by encouraging Chinese companies to set up in the Kingdom's special economic zones （SEZs）. He said that these industrial parks provide a more efficient industrial and politically stable investment environment for Chinese firms.

6 China's crude oil outputsees sharp drop

September 19， 2016 （China Daily） -- China's crude oil output fell by 9.9 percent year on year in August， the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices， according to the data from the National Bureau of Statistics on Monday. China's oil giants plan to reduce oil output due to flagging prices. The National Development and Reform Commission （NDRC） decided to lower retail prices of gasoline and diesel， tracking subdued global crude oil prices due to market worries about an agreement on freezing production， rising yields in countries including Iran and weak US demand. “The prices will likely remain low in the short term， fluctuating from US$ 40 to US$ 50 per barrel，” said NDRC researcher Zhao Gongzheng.

7 AirAsia incorporates unit inSingapore

September 19， 2016 （Bernama） -- AirAsia Bhd， via its unit AirAsia Investment Ltd.， has incorporated a wholly-owned subsidiary company in Singapore known as AirAsia Pte Ltd. In a filing with Bursa Malaysia on September 19， it said that the issued share capital of the company was one million Singaporean dollars （3.04 million Malaysian ringgit） comprising one million ordinary shares of one Singaporean dollar each. The principal activity of the company is airline operation services. The company would also act as a management service company dealing with relevant authorities and service providers in Singapore， it said. The directors of the company are Tan Sri Tony Fernandes， Datuk Kamarudin Meranun and V Loganathan Velaitham. The incorporation of the company is not expected to have any immediate effect on the issued and paid-up share capital or substantial shareholders' shareholdings of AirAsia.

8 Booze exports to be reduced

September 20， 2016 （The Vietnam News） -- Vietnam expects to earn US$ 900 million from exporting beverage products by 2035， according to the industry's planning. Under the new plan for 2025， with a vision to 2035， the Ministry of Industry and Trade has targeted the development of a modern industry which can compete in global integration. The industry wants to reduce the percentage of alcohol and beer products， while increasing non-alcoholic beverage products. Production of non-alcoholic beverages will be more than doubled to 15.2 billion litres during the 2020-2035 period. Beer plants with a capacity of below 50 million litres per year will not be encouraged. The export revenue is also expected to double from US$ 450 million to US$ 900 million during the period. The industry will post a growth rate of between 4 to 5.8 per cent by 2035，according to the planning.