Federation of hong kong industries

By ELAINE KURTENBACH Published June 12, 2019 Energy Associated Press Facebook Twitter Comments Print Image 1 of 2 ▼ A Chinese investor monitors stock prices at a brokerage in Beijing Wednesday, June 12, 2019. Shares were mostly lower in Asia on Wednesday and Hong Kong’s Seng index tumbled 1.7% as thousands continued protests against proposed legislation that many city residents fear could further erode the territory’s legal autonomy. (AP Photo/Ng Han Guan) Shares retreated Wednesday and Hong Kong's Hang Seng index dipped nearly 2% as thousands continued protests against proposed legislation that many city residents fear could further erode the territory's legal autonomy. Continue Reading Below In early European trading, Germany's DAX lost 0.6% to 12,079.26 and the CAC 40 in France dropped 0.6% to 5,377.20. Britain's FTSE 100 skidded 0.6% to 7,355.99. U.S. shares were headed for a weak open as the future contract for the … [Read more...] about World shares fall as protests shake up Hong Kong

By ELAINE KURTENBACH Published June 12, 2019 Energy Associated Press Facebook Twitter Comments Print Image 1 of 2 ▼ A Chinese investor monitors stock prices at a brokerage in Beijing Wednesday, June 12, 2019. Shares were mostly lower in Asia on Wednesday and Hong Kong’s Seng index tumbled 1.7% as thousands continued protests against proposed legislation that many city residents fear could further erode the territory’s legal autonomy. (AP Photo/Ng Han Guan) Global shares retreated Wednesday and Hong Kong's Hang Seng index fell sharply as thousands continued protests against proposed legislation that many city residents fear could further erode the territory's legal autonomy. Continue Reading Below In midday trading in Europe, Germany's DAX lost 0.4% to 12,104 and the CAC 40 in France dropped 0.6% to 5,377. Britain's FTSE 100 also skidded 0.6% to 7,356. U.S. shares were headed for a weak open as the future contract for the … [Read more...] about Stocks slip as protests shake Hong Kong, trade woes linger

We woke up to a bright, beautiful and warm morning in Shanghai. The nice weather was greatly appreciated as the Delegation was up and out early, traveling to the Shanghai Pudong Software Park (Park). The Park is only 12 years old and is currently home to 1,086 companies. Two of these companies are in Forbes’ Top 20. Additionally, companies such as Citi, Texas Instruments, Olympus, Sony, Kyocera, Tell Labs and Qualcomm, each have offices within the Park.During our visit we were taken to the first location and given a short presentation describing the size of the Park, the various campuses that comprise the Park and the development cost of each campus. After the presentation, we traveled to a second location which was quite stunning, as it contained a central lake surrounded by several buildings and beautiful landscaping. The lake contained docks that were staffed with paddle and small motor boats. Interestingly, the campus was very quiet; there was very little activity, at least … [Read more...] about 13th Great-Idea China Sourcing & New Industrial Delegation to China – Day 2

Coming off a record year in car sales, it’s expected that warranty and recall costs will continue to be on the rise. With that in mind, it’s vital that OEMs and suppliers have both their foreign and domestic contracts in line. Avoiding Common Commercial Contracting MistakesWith international and domestic supply chain contracts, there is little or no room for error. While some supply chain contracts incorporate negotiated provisions in the form of a letter agreement or long-term agreement, many supply chain contracts rely on standard purchase order terms and conditions. This can result in contracts of considerable value and corresponding high risk receiving  little attention from in-house or outside counsel.A failure to ensure that key provisions in a supplier’s buy-side contracts mirror those of their customer contracts can lead to hold-up situations or unwarranted price demands,  which can ultimately result in increased risk.Supply chain contract risk can … [Read more...] about Auto Industry: Commercial Contract Risk in 2017

At an open meeting on August 31, the Securities and Exchange Commission (SEC) unanimously voted (4-0) to approve the issuance of a Concept Release on the regulatory framework governing the use of derivatives by investment companies under the Investment Company Act of 1940 (1940 Act).[1] The Concept Release solicits comments from investors, industry participants, and industry professionals on a broad range of topics relating to use of derivatives by mutual funds, exchange-traded funds,[2] closed-end funds, and business development companies (funds) in connection with a comprehensive review being conducted by the SEC and its staff. The purpose of the review is to assist in determining whether regulatory guidance or changes are needed and, if so, what type of changes would be appropriate. Comments will be due during the first week of November and may be submitted online or via email. All comments received will be publicly available.At the open meeting, Chairman Mary Schapiro … [Read more...] about SEC Concept Release Requests Industry Comments on Funds’ Use of Derivatives