TALKING POINTS | Financial Services 21/01/19

In today’s talking points, Australia’s share market lowers as banks and miners weigh heavily, China unveils special individual income tax deductions, and around 100 billion Yuan tax reduction accomplished within three months after the reform of personal income tax.   Australia’s Share Market Lowers as Banks and Miners Weigh Heavily The Australian share market opened …

Member News | Analysis: China’s Crackdown on Daigou under the New Cross-Border e-Commerce Policies

Written by: Frank Ka-Ho Wong, Asia Briefing, Dezan Shira & Associates China’s crackdown on daigou is part of its moves to strengthen e-commerce regulation and better control the rapidly expanding sector. Cross-border e-commerce in China has grown steadily in recent years, on the back of strong consumer demand for premium brands and high-quality overseas products. A significant …

TALKING POINTS | Financial Services 3/1/2019

  In today’s talking points, New E-Commerce Law Implemented in China, New Chinese Bank can be Launched in Australia, and Younger Chinese spend more thanks to internet financial services.    New E-Commerce Law Implemented in China   China’s very first e-commerce law finally takes into effort. From Tuesday January 1, the e-commerce business sector would be under …

Member News | Commonwealth Bank Launches Alipay in Australia

Alipay is now available in Commonwealth Bank of Australia’s (CBA) 94,000 touchscreen services across Australia, as Business Insider Australia reports. The payment, which is performed through an innovative apps ecosystem Albert App Bank, comes as a result of the agreement in 2016 between CBA and Ant Financial Service Group, a financial technology company affiliated with e-commerce …

Financial Services Talking Points | 13/12/2018

  In today’s talking points Darwin and Guangzhou sign agreement to forge stronger relations, Australia’s Financial Regulators are Concerned Over the Recent Credit Reduction, Green finance grows and flourishes.   Darwin and Guangzhou sign agreement to forge stronger relations Darwin’s City Council has signed an agreement to build stronger relationships with Guangzhou, the capital of …

Member News | 2018 report showcases upsurge in minimum wages throughout China

The minimum wage in China has historically been low comparatively to global standards, largely owing to its prevalent manufacturing sector, and significantly aiding processes of domestic economic growth over the past several decades. However, the recent report composed by Dezan Shira & Associates illustrates that such a trend is becoming less of a reality, with …

Member News | CPA Australia signs MoC with CICPA at WCOA

By: CPA Australia On 6th November 2018, CPA Australia signed a Memorandum of Cooperation (MoC) with the Chinese Institute of Certified Public Accountants (CICPA) at the 20th World Congress of Accountants (WCOA) in Sydney. The MoC is designed to facilitate closer collaboration between the two bodies, enhance the international standard of accounting professionals and broaden …

Financial Services Talking Points | 29/11/2018

In today’s talking points Melbourne and Sydney considered leading destinations for Property investment, U.K further becoming a hotspot for flourishing Chinese investment, and China’s economical ‘openness’ discussed by Vice-Premier in Hamburg speech.   Melbourne and Sydney considered leading destinations for Property investment The recently published Emerging Trends in Asia Pacific report, conducted by the Urban …

Financial Services Talking Points | 20/11/18

In today’s talking points NAB to launch Alipay into Australia, IMF Optimistic on the Australian Economy despite risks from China and the US-China trade war, JD.com sales soft on Chinese Consumer demand. NAB to launch Alipay into Australia by early 2019 NAB has emerged as the first of the big-4 Australian banks to offer Alipay, China’s largest payment …

Member News | New Database Tracks Chinese Investment into Australia

Original article from the Australian National University The Australian National University has released the first database comprehensively tracking Chinese investment into Australia. The data shows that there has been 262 transactions worth over $40.4 billion worth of investment over the past 4 years. The Chinese Investment in Australia (CHIIA) Database was developed using new methodology …