Talking Points and Member News

MEMBER NEWS | Monash University Global Executive MBA

The Monash Global Executive MBA is an intensive 15-month program for experienced managers, featuring international residential modules and a series of weekend modules. The program is designed for managers and executives with significant experience in wide range of sectors and professions who are seeking to position themselves for more senior roles and more extensive responsibilities.  In …

MEMBER NEWS | China’s 2019 Negative Lists and Encouraged Catalogue for Foreign Investment

Written by: Zoey Ye Zhang, Asia Briefing, Dezan Shira & Associates The 2019 editions of China’s National and FTZ Negative Lists and FI Encouraged Catalogue are important supplements to the upcoming Foreign Investment Law. China Briefing explains the new changes and identifies the industries where China restricts or encourages foreign investments. On June 30, 2019, …

MEMBER NEWS | Over 1GW expected to be installed for wind energy expansion in Vietnam by 2021

Written by Out-Law, Pinsent MasonsVietnam is set for an expansion of its wind energy industry, with more than 1GW of capacity expected to be installed by 2021 according to a market intelligence report from the Global wind energy council (GWEC). The report ‘South-East Asia Market Update: Insights on Vietnam’ suggested that Vietnam has some of the …

MEMBER NEWS | Japanese development agency to continue funding Philippines rail expansion

Written by Out-Law, Pinsent Masons Japan’s international development agency, Japan International Cooperation Agency (JICA), still has 900 billion yen ($8.32bn) remaining of the 1.3 trillion yen it has pledged to lend to support the development of the Philippine railway system. The Japanese government, through JICA, had previously allocated the funding to the Philippines to build more …

MEMBER EVENTS | Indonesia plans to bolster connectivity with $70 billion toll-road plan

Written by Out-Law, Pinsent MasonsIndonesian president Joko Widodo has announced plans to spend $70 billion on toll roads connecting Indonesia to other countries. The plans involve building 5,400 kilometres of fee-charging highways by 2024 tripling the size of the current network, according to Bloomberg. The government has said that it wants to make it much easier …

MEMBER NEWS | New digital bank licences to be issued in Singapore

Written by Out-Law, Pinsent Masons Five new digital bank licences are to be issued to firms in Singapore, the Monetary Authority of Singapore (MAS) has announced. The five new digital bank licences include two types of bank licences, according to MAS. Two will be digital full bank licences and the remaining three, digital wholesale bank …

MEMBER NEWS | G20 leaders sign infrastructure debt principles

Written by: Out-Law, Pinsent Masons Finance leaders from G20 countries agreed new principles last week to make sure that infrastructure debt is sustainable to avoid the build-up of huge debt. According to Reuters the G20 finance leaders endorsed the G20 Principles for Quality Infrastructure Investment as their “common strategic direction and high aspiration” during a …

TALKING POINTS | HEALTHCARE 10/07/2019

In today’s talking points, Ping An Technology believes AI is the key to advancing healthcare, and have developed a partnership with Everbright Bank to expand into ‘healthcare finance’. Poor rural areas in China can expect to gain access to basic healthcare, and WA is accelerating commercialisation of digital healthcare research. Ping An Technology CEO believes …

TALKING POINTS | AGRICULTURE 09/07/2019

In today’s talking points, Australian woodchip prices are up and Qu Dongyu takes on the head of UN’s Food and Agriculture Organisation. Demand from China drives Australian woodchip prices up Australian woodchip has enjoyed rising prices for the past few years, which has peaked at the current price for Tasmanian blue gum (woodchip) at US$182 …

Member News | Shanghai Businesses to Comply with New Waste Management Norms from July 1

Written by Dorcas Wong, Asia Briefing, Dezan Shira & Associates Starting July 1, 2019, Shanghai will make garbage sorting mandatory and restrict the use of disposable items in the hospitality and e-commerce industries. Shanghai will welcome its new waste management regulations, which is set to transform the way waste is collected and places new restrictions upon …

TALKING POINTS | FINANCIAL SERVICES 03/07/2019

In today’s talking points, the RBA cuts Australia’s interest rates, China is set to allow foreign ownership of domestic securities companies, China implements a new scheme to encourage consumers to buy locally-produced infant formula, and Baoshang Bank enters administration RBA cuts interest rates to a historic low of 1 per cent On Tuesday, the Reserve Bank …

TALKING POINTS | ENERGY 02/07/2019

    In today’s talking points, China continues to dominate investment in the renewable energy sector, and the world’s largest waste-to-energy plant is in development in Shenzhen. Australian and Chinese Universities continue strong collaboration to solve household energy issues, and Australia’s largest solar plant is in construction using Chinese tech. China is the world’s biggest …

TALKING POINTS | EDUCATION 24/06/2019

In today’s talking points, more than half a million Chinese students completed degrees abroad in 2018, and the latest list of China’s higher education figures were released by the Ministry of Education. The Ministry have also implemented guidelines pertaining to the transparency of education and safety measures for kindergartens.

MEMBER NEWS | GHD Pacific Development Projects from the 2019 Asian Development Bank (ADB) Annual Meeting in Fiji

Written by: GHD.com Invited by the Australian Trade and Investment Commission (Austrade), GHD recently took part in high-profile dialogues between Pacific Island governments and Australian and US businesses at the 2019 Asian Development Bank (ADB) Annual Meeting, in Nadi, Fiji. This is the first time in 52 years that the ADB Annual Meeting was held …

MEMBER NEWS | Minimum Wages in China 2019

Written by Alexander Chipman Koty and Qian Zhou, Asia Briefing, Dezan Shira & Associates   Minimum wages in China continue to grow. Through the first six months of 2019, four regions have increased their minimum wages: Beijing, Chongqing, Shaanxi, and Shanghai. Last year, 15 out of the 31 regions in mainland China increased their minimum wages, while 20 did …

TALKING POINTS | HEALTHCARE 06/06/2019

In today’s talking points, Australia is to increase spending on healthcare and surgeons in Australia support sanctions against exorbitant fees for medical services. The first norovirus vaccine is to enter the clinical trial phase in China, and Chinese cities are encouraged to simplify the process of setting up a clinic.

TALKING POINTS | ENERGY 05/06/2019

In today’s talking points, a Chinese company is set to create a solar energy farm in Australia, and Australian MP’s are looking at a nuclear energy option. In China, clean power generation capacity has also increased with optimized utilization, and Australia’s renewable energy system can encourage other countries to use green energy as well.

TALKING POINTS | EDUCATION 04/06/2019

In today’s talking points, China’s Ministry of Education has called for efforts to improve education in rural China, as well as signed agreements to regulate university recruitment. Guandong has asked for all students to complete compulsory education by the law, and Australia is looking at new English standards for international students enrolling in university.

TALKING POINTS | FINANCIAL SERVICES 03/06/2019

In today’s talking points, China’s support policy for small enterprises has seen positive results, a new tax-effective share fund has been launched in Australia, and Guangdong has seen significant growth in import and export volume.

TALKING POINTS | AGRICULTURE 31/05/2019

In this today’s talking points, Australia’s farms continue to grow with foreign and domestic investment, new Agricultural Minister adopts a pro-active drought response policy, China still Australia’s agricultural export growth and Australian businesses share their success in the Chinese market.

AustCham Westpac Australia-China Business Awards | 2019 Winners Announced

AustCham Westpac Australia-China Business Awards 2019 Winners Announced     The Australian Chambers of Commerce in Hong Kong, Shanghai and Beijing are pleased to announce the award winners for the 2019 AustCham Westpac Australia-China Business Awards (ACBAs). The 2019 winners were announced at the prestigious Westpac AustCham Australia-China Business Awards Gala Dinner at the Grand Hyatt …

MEMBER NEWS | Beijing To Raise Monthly Minimum Wage From July 1

Written by: Zoey Ye Zhang, Asia Briefing, Dezan Shira & Associates On May 9, the Beijing Municipal Human Resources and Social Security Bureau announced plans to raise the city’s minimum wage from July 1, 2019. The monthly minimum wage for full-time employees will be raised from RMB 2,120 (US$309) to RMB 2,200 (US$321). The hourly wage for part-time employees, …

TALKING POINTS | ENERGY 30/05/2019

In today’s talking points, China’s policies push towards a renewable future while remaining a hot-spot for international renewable investment, an Australian plant implements large-scale biofuel generation, and Chinese companies provide Argentinian energy infrastructure.

TALKING POINTS| EDUCATION 27/5/19

In today’s talking points, trends in the Chinese education industry show that the industry will double, challenges are highlighted with entering the Chinese education market despite it’s profitability and Asia and Latin America continue to grow as opportunities for Australia’s intake of international students.

MEMBER NEWS | Singapore monetary authority consults on payment services regulations

Written by: Pinsent Masons, Out-Law.com The Monetary Authority of Singapore (MAS) has carried out a consultation into proposed payment services regulations that will enable it to carry out its functions under the new Payment Services Act. The consultation covers areas such as licensing structure and fees, licensing requirements, proposed exemptions from the regulations, and transitional …

MEMBER NEWS | What Australia’s election result means for its renewable energy future

Written by: Anthony Arrow, Pinsent Masons, Out-Law.com   ANALYSIS: The Liberal-National coalition was returned to power over the weekend for a third term and now has an opportunity to implement policies designed to decarbonise the Australian economy Participants in Australia’s renewable energy industry have been craving a period of consistency and regulatory certainty at the …

MEMBER NEWS | 5 Big Changes to China’s VAT in 2019

Written by: Amber Liu, Asia Briefing, Dezan Shira & Associates   Following the announcements made in the annual Work Report delivered at the Two Sessions, the Ministry of Finance, State Taxation Administration, and General Administration of Customs have jointly issued a series of new policies on value-added tax (VAT). The new polices, which took effect on April 1, …

MEMBER NEWS | Support for Scarborough LNG Field as Woodside Signs 10-year Supply Deal with China’s ENN Group

Woodside Petroleum has signed a heads of agreement to supply LNG to China’s ENN Group for 10 years from 2025. Woodside, Australia’s biggest listed oil and gas explorer, said in a statement the volume covered by the HOA is one million tonnes a year, to be sourced from Woodside’s portfolio of gas supply. Signed at …

MEMBER NEWS | Pinsent Masons Publication: ASEAN Green Infrastructure Gets $1 Billion Boost

A $1 billion finance facility to support investment in ‘green’ infrastructure across southeast Asia was announced last week in Thailand. The new facility aims to serve as a spur for private capital and will provide loans and necessary technical assistance for sovereign sustainable transport, clean energy, and resilient water systems among other green infrastructure projects, …

MEMBER NEWS | Pinsent Masons Publication: Hong Kong and Australia Sign Free Trade Deal

Hong Kong and Australia have signed a deal on free trade and services which Hong Kong has said improves conditions for two-way investment and guarantees zero-tariffs on goods. The deal covers goods, services, investment, intellectual property, government procurement, competition and other related areas. Hong Kong commerce and economic development secretary Edward Yau, who signed the …