DIRS.INFO The most relevant business & tech news

A record 38 QDII funds had been launched this year until August 17, outpacing the 31 funds launched in 2022, Morningstar data shows. Tianhong, which is planning new QDII products, obtained a $120 million fresh QDII quota in July, less than it had hoped for. Rather than foreign capital selling China equities, this time it's Chinese investors’ outbound investment,” Liu said. HUGE DEMANDThe QDII program, launched in 2006, remains a key outbound investment channel for mainland Chinese investors, alongside the Qualified Domestic Limited Partnership (QDLP) programme. Tracy Liu, an individual investor working in the information technology industry, invested in an India-focused QDII fund in March.

Persons: Aly, Ivan Shi, Liu Dong, Becky Liu, Liu, ” Liu, Desiree Wang, Tracy Liu, Summer Zhen, Samuel Shen, Jason Xue, Vidya Ranganathan Organizations: REUTERS, Morningstar, Domestic Institutional, Nasdaq, Ben Advisors, Connect, Bond, U.S, Dow Jones, State Administration of Foreign Exchange, Tianhong, Management, Ant Financial, Standard Chartered Bank, Reuters, Qualified Domestic Limited, Asset Management Association of China, Guangfa NASDAQ, Technology, Morgan Asset Management, Morgan Asset Management China, Thomson Locations: Shanghai, Shenzhen, China, U.S, HONG KONG, SHANGHAI, Hong Kong, Vietnam, India, outflows, Japan, Russia

☆ Chinese stocks get brief uplift from first share dealing tax cut since 2008
▼ + stars: | 2023-08-28 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China has made a series of moves to restore investor confidence in the world’s second largest economy, including cutting a tax on stock trading for the first time since 2008. Foreign investors dumped billions of dollars worth of Chinese stocks over the past few weeks as the prospects for the economy dimmed. The announcements boosted Chinese stocks on Monday. Separately on Sunday, the China Securities Regulatory Commission (CSRC) the country’s top securities watchdog, also unveiled several measures to “boost investor confidence” in the sagging stock market. Chinese stock markets have declined sharply in recent weeks, as investors fretted about a worsening slowdown in the world’s second largest economy and its real estate crisis.

Persons: ”, Chris Liu, ” Liu, Ken Cheung, Seng Organizations: Hong Kong CNN, Ministry of Finance, State Administration of Taxation, China Securities Regulatory Commission, Hong Kong’s Stock Connect, China’s, Mizuho Bank, Shanghai Locations: Hong Kong, China, Beijing, Shanghai, Shenzhen, China’s Shanghai

Stringer/AFP/Getty Images“Invisible age discrimination for 35-year-olds has always existed in the workplace,” lawmaker Jiang Shengnan told the gathering, reported state-run China Youth Daily. “Although I had really good work experience and a master’s degree, I’m really uncompetitive after 35 years old,” Tao Chen said in his Douyin video. New twist on an old storyFor many Chinese women, the “curse” builds upon and further compounds the entrenched gender discrimination that has long plagued the workplace. And even in areas where some protection was offered – such as for mothers taking maternity leave – enforcement of the law is weak, and gender discrimination remains common, she said. Costfoto/NurPhoto/Getty Images“A large amount of age discrimination is intersectionality – discrimination of age, gender, pregnancy, and caregiving duties,” said the assistant professor.

Persons: Han, She’s, “, ”, don’t, –, Stringer, Jiang Shengnan, hadn’t, Tao Chen, ” Tao Chen, Liu, ” Liu, Yiran Zhang, Zhang, Liu – Organizations: Hong Kong CNN, CNN, Communist Party, Getty, Central Party School, Chinese Communist Party, Xinhua, ageism, Sichuan University, Cornell Law School, Employees Locations: Hong Kong, Beijing, China, Congjiang, AFP, Xinhua, “, Shenzhen, Suqian, Shenzhen –

☆ Pro-Chinese online influence campaign promoted protests in Washington, researchers say
▼ + stars: | 2023-07-24 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

CNN —A Chinese marketing firm likely organized and promoted protests in Washington last year as part of a wide-ranging pro-Beijing influence campaign, according to new research. One of the protests only attracted roughly a dozen people but it showed the scope and ambition of the pro-China efforts. The hired protesters, who included self-proclaimed musicians and actors in the Washington, DC, area, apparently had no idea they were being enlisted in a pro-China influence campaign, the Mandiant researchers said. Haixun, the Chinese firm, distributed videos of the protesters online to further the influence campaign, according to Mandiant. Liu Pengyu, a spokesperson for the Chinese Embassy in Washington, said he was unaware of the details of the research.

Persons: Mandiant, ” Ryan Serabian, Liu Pengyu, ” Liu, Joe Biden, Republican Sen, Marco Rubio Organizations: CNN, China, Shanghai Haixun Technology, Embassy, Washington Post, stoke American, FBI, Republican Locations: Washington, Beijing, China, Xinjiang, DC, Shanghai, Mandiant, Russia, Marco Rubio of Florida

☆ TSMC says skilled worker shortage delays start of Arizona chip production
▼ + stars: | 2023-07-21 | by ( ) edition.cnn.com time to read: +2 min

“While the company’s declining revenue and profit were disappointing, its long-term growth prospects remain encouraging,” said Brady Wang, associate director at Counterpoint Research. “The short-term frenzy about the AI demand definitely cannot extrapolate for the long term. Still, the company’s earnings of 181.8 billion Taiwan dollars ($5.85 billion) for the quarter ending in June beat forecasts. “We see TSMC well-positioned for a strong growth outlook in 2024,” Goldman Sachs said in a research note. “We expect a solid 2024-onward outlook on the back of its leading position in AI chip manufacturing,” Citi Research analysts said in a note.

Persons: ”, Brady Wang, Mark Liu, ” Liu, ” Goldman Sachs, “ Organizations: Taiwan Semiconductor Manufacturing, Counterpoint Research, ”, ” Citi Research Locations: Arizona, Taiwan

☆ Why the US ‘does not get to assume that it lasts forever’
▼ + stars: | 2023-07-04 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +18 min

“We need to separate by red states and blue states and shrink the federal government,” Greene said in a tweet on President’s Day this year. Blue state governors, legislatures and mayors might respond to such an offensive in forceful ways difficult to predict today. The Republican-appointed majority on the US Supreme Court has encouraged the red state social offensive with decisions that stripped away national rights – most prominently on abortion and voting. “Given the make-up of the courts, it’s difficult for blue states to be hopeful about this,” says Kettl. “The United States does not get to assume that it lasts forever.”

Persons: we’ve, ”, Donald Kettl, Donald Trump, I’ve, ’ “, Trump, Daniel Cox, Alan Wolfe, Wolfe, ” Wolfe, “, Joe Biden, Trump –, Abraham Lincoln, Marjorie Taylor Greene, Kevin McCarthy, ” Greene, Susan Stokes, Stokes, he’s, Biden, Jim Crow, Cox, Michael Podhorzer, what’s, MAGA, Eric Liu, Liu, Richard Nixon’s, Liu’s, ” Liu Organizations: CNN, America, University of Maryland’s School of Public Policy, Republican “, American Enterprise Institute, Boston University, Republican, Democratic, Chicago Center, Democracy, University of Chicago, CBS, Trump, National Guard, Fugitive, “, US, GOP, White House, AFL, Citizen University Locations: United States, States, America, Black, Confederate States, Georgia, Midwest, Heartland, Great, New York, Memphis, Austin, Blue, Michigan , Pennsylvania, Wisconsin, Arizona

☆ China has an inflation problem. It’s way too low
▼ + stars: | 2023-04-24 | by ( Laura He | ) edition.cnn.com time to read: +6 min

That’s raising the specter of a tailspin of falling prices and wages from which the economy may struggle to recover. “Our core view is that China’s economy is deflationary,” wrote Raymond Yeung, chief economist for Greater China at ANZ Research, last week, soon after China released its first-quarter GDP growth figures. Instead of spending money, people are hoarding cash at a record rate. “Even with a conservative estimate, 500 billion yuan in consumption vouchers will drive one trillion yuan in overall consumption, ” Li said in a video posted on his Weibo social media account on Tuesday. In return, the government could receive at least 300 billion yuan through taxes generated by the increase in spending, he said“So it only takes 200 billion yuan in spending for the central government to drive one trillion yuan in consumption,” he said.

☆ Davos: No recession after all? Business leaders more hopeful as China reopens
▼ + stars: | 2023-01-17 | by ( Julia Horowitz | ) edition.cnn.com time to read: +4 min

Davos, Switzerland CNN —Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession clouding the outlook and restraining investment. That’s thanks in large part to China, whose sudden removal of strict coronavirus restrictions late last year is expected to unleash a wave of spending that may offset economic weakness in the United States and Europe. Near term, China is in the grip of its worst coronavirus outbreak, keeping many people indoors and emptying shops and restaurants in recent weeks. “I’m expecting a solid growth number for China in 2023,” said Kevin Rudd, president of the Asia Society and a former prime minister of Australia. “Maybe we will be surprised also in the first half of the year.”Averting a global recession is not a done deal, however.

☆ Kumail Nanjiani defends Tarantino and Scorsese’s right to criticize Marvel
▼ + stars: | 2023-01-12 | by ( Brahmjot Kaur | ) www.nbcnews.com time to read: +2 min

Kumail Nanjiani, star of Marvel’s “Eternals,” recently defended directors Martin Scorsese and Quentin Tarantino’s right to criticize Marvel Cinematic Universe. The actor, who played Kingo in the 2021 Marvel film, told Esquire in an interview this week he believes Tarantino and Scorsese’s long-standing contribution to the film industry is enough to justify their right. “I obviously love the movies Tarantino makes or Scorsese makes, and I may disagree with Scorsese’s opinion on superhero movies, but I mean, who else has earned the right to have an opinion? If Scorsese hasn’t earned the right to have an opinion on movies, then none of us should have an opinion on movies,” Nanjiani said in the interview. “If the only gatekeepers to movie stardom came from Tarantino and Scorsese, I would never have had the opportunity to lead a $400 million plus movie,” Liu tweeted.

☆ China reports first Covid deaths in weeks as virus surges through Beijing
▼ + stars: | 2022-12-19 | by ( ) www.nbcnews.com time to read: +3 min

Some fear China’s Covid death toll could rise above 1.5 million in coming months. It was not immediately clear which, if any, of these deaths were included in official death tolls. “The (official) number is clearly an undercount of Covid deaths,” said Yanzhong Huang, a global health specialist at the Council on Foreign Relations (CFR), a U.S. think tank. Overseas-developed vaccines are unavailable in mainland China to the general public, which has relied on inactivated shots by local manufacturers for its vaccine rollout. While China’s medical community in general doesn’t doubt the safety of China’s vaccines, some say questions remain over their efficacy compared to foreign-made mRNA counterparts.

☆ ‘Shang-Chi’ star Simu Liu pushes back on Quentin Tarantino’s anti-Marvel comments
▼ + stars: | 2022-11-22 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +2 min

“If the only gatekeepers to movie stardom came from Tarantino and Scorsese, I would never have had the opportunity to lead a $400 million plus movie,” Liu, the star of Marvel’s “Shang-Chi and the Legend of the Ten Rings,” wrote on Twitter. But they don’t get to point their nose at me or anyone.”He continued: “No movie studio is or ever will be perfect. As Liu referenced, Martin Scorsese is among the other legendary filmmakers who have publicly taken issue with the box office dominance of Marvel movies. “Shang-Chi and the Legend of the Ten Rings” made more than $432 million worldwide during the course of its box office run. As of last year, director Destin Daniel Cretton was set to develop a sequel.

☆ Beijing pushes back on FBI claims of Chinese ‘police stations’ in U.S.
▼ + stars: | 2022-11-19 | by ( ) www.nbcnews.com time to read: +2 min

China on Friday pushed back on claims it was operating ‘police stations’ on U.S. soil, calling the sites volunteer-run, after the FBI director said he was “very concerned” about unauthorized stations that have been linked to Beijing’s influence operations. Safeguard Defenders, a Europe-based human rights organization, published a report in September revealing the presence of dozens of Chinese police “service stations” in major cities around the world, including New York. The Embassy did not respond immediately to a Reuters request for a list of the sites. Members of the British parliament have also called for investigations into similar sites. Republicans in the U.S. Congress, including Representative Jim Banks, have requested answers from the Biden administration about the operations of the sites.

Search resuls for: "” Liu"

12 mentions found