The State Administration of Foreign Exchange of the PRC (“SAFE”) published the long awaited “Regulations on Foreign Exchange Administration of Cross-Border Guarantees and Security” (the “Regulations”) and the related “Operational Guidelines on Foreign Exchange Administration of Cross-Border Guarantees and Security” (the “Guidelines”) on 19 May 2014. As part of...

Join me at  this Austcham Partner event . Jointly organised by the Australia and New Zealand Banking Group Limited (ANZ) and South China Morning Post (SCMP), this regional event provides a platform for business leaders and senior management from corporations to share insights under the theme of Unleashing ASEAN...

The Australian iron ore industry is no place for the faint hearted. On April 11, Padbury Mining spectacularly announced billions in funding (reportedly backed by Chinese investors) to develop the Oakajee Port north of Geraldton in Western Australia’s mid-west. This infrastructure would open up development of massive magnetite iron...

Chinese Internet giant Alibaba Group Holding Ltd officially filed plans to offer its shares in the US, saying it plans to raise $US1 billion ($A1.078bn) through the placement. The filing confirms the breadth and scale of China’s e-commerce behemoth ahead of what is expected to be one of the largest...

Eating organic food significantly lowers pesticide exposure: study Eating an organic diet for a week can cause pesticide levels to drop by almost 90% in adults, research from RMIT University has found. The study, led by Dr Liza Oates found particpants’ urinary dialkylphosphates (DAPs) measurements were 89% lower when...

Australia could benefit substantially from the opening up of China’s capital markets, but this will require changes in policy settings and increased market awareness, a report from UNSW’s Centre for International Finance and Regulation (CIFR) has found. CIFR has released a 128-page research report into the internationalisation of the renminbi...

It seems the People’s Bank of China cannot win. In late February, the gradual appreciation of the renminbi was interrupted by a 1 per cent depreciation (to $1:¥6.12). Though insignificant in overall trade terms, especially when compared with the volatility of floating exchange-rate regimes, the renminbi’s unexpected weakening sparked...

China’s equivalent of the Nasdaq stock exchange is failing to attract some of the country’s most innovative companies. ChiNext was supposed to anchor local high-tech businesses on home soil with a secure source of funding, but foreign investors have proven to be stuck in their ways. It has been...

Australia’s future prosperity depends on how well it marries structural change in the economy to new opportunities emerging in Asia, especially China. At a time of deep shifts in the Australian economy, the challenge is to find new sources of growth and investment beyond mining. The Hon Andrew Robb...

The China Banking Regulatory Commission’s recent announcement that it would allow the creation of three to five private banks in 2014 is a positive yet cautious step toward financial reform. It is positive because the majority of loans under the almost entirely state-backed banking system continue to fund state-owned...