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ATI Newswire - the latest updates


May 25, 2017

HONG KONG - While markets continue to shrug off Moody’s downgrade of China credit ratings, the agency continues with its clean-up work, slowly but steadily. The latest casualty – Hong Kong – has seen its rating lowered by one notch to Aa2 from Aa1, following the downgrade of 26 State-owned enterprises.

In an analysis of the downgrades, global asset manager Natixis says Moody’s key reason for the action on Hong Kong is simply Hong Kong’s ties with the Mainland.




May 24, 2017

SHANGHAI - Hong Kong’s top anti-graft watchdog has detained 21 employees at a Government contractor for allegedly faking test results for materials used to build the Hong Kong-Zhuhai-Macau Bridge, currently under construction linking the Chinese Mainland with the two special administrative regions.




May 24, 2017

HANOI - A Draft Decree detailing implementation of the Law on Social Insurance to apply to all foreign employees working in Vietnam from January 1, 2018 has been released by the Ministry of Labour, Invalids and Social Affairs (MOLISA) for public comment. The requirement will increase employment costs for companies doing business in Vietnam.




May 24, 2017

HONG KONG – Almost 15 months after placing China on negative outlook, Moody’s Investors Service today downgraded China’s sovereign rating to A1 from Aa3. Moody’s says the outlook is stable. Despite China posting better than expected GDP growth in Q1, Moody’s decision to downgrade stems from their expectation that China’s debt will continue to rise while potential growth slows, eroding the country’s credit metrics. Moody’s does not see the Government’s reforms as fully offsetting the rise in economic and financial risk.




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Business Diary

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Australia-Taiwan business relations and opportunities – Newcastle/Hunter

September 14, 2017 to September 16, 2017

Senior leaders of Taiwan Power Corporation (Taipower), China Steel (CSC), Chinese Petroleum (CPC) and Formosa Plastics Group (FPG) will join leading educationalists and representatives of Taiwan’s research community and high-tech industries at the 31st annual joint meeting of the ROC-Australia Business Council and the Australia-Taiwan Business Council (ATBC) at the Crowne Plaza Newcastle from September 14-17.

Seminars on Rules of Origin, National tax regimes – Florence, Italy

May 30, 2017 to June 14, 2017

 The Academy of Global Governance (GlobalGovernance.Academy@EUI.eu) is organising two executive training seminars at the European University Institute on rules of origin (May 30 – June 1) and on national tax regimes (June 14).
Applications for the first seminar (http://globalgovernanceprogramme.eui.eu/academy/rules-origin-internation... ) close on May 24.

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