Asia (except ME & Indian SC)

China summons U.S. ambassador to lodge representations, protest against Congress passing of HK-related act

BEIJING, Nov. 26 (Xinhua) -- Chinese Vice Foreign Minister Zheng Zeguang on Monday summoned U.S. Ambassador to China Terry Branstad to lodge stern representations and strong protest against both the House of the Representatives and Senate passing of the so-called Hong Kong Human Rights and Democracy Act of 2019.

China urges the United States to correct its mistake immediately, stop meddling in Hong Kong affairs and China's other internal affairs, Zheng said.

E-commerce giant Alibaba’s shares jump 8% in Hong Kong debut

HONG KONG (AP) — Chinese e-commerce giant Alibaba’s shares jumped more than 8% in their debut on the Hong Kong stock exchange on Tuesday, an auspicious start at a time when the former British colony is reeling from political unrest.

By mid-afternoon Tuesday, Alibaba was trading at 190.45 Hong Kong dollars ($24.33) per share. Its offering price was 176 Hong Kong dollars.

The company’s shares already are listed in New York, where its 2014 IPO set a record at $25 billion.

Hong Kong leader refuses to give ground despite poll setback

HONG KONG (AP) — Hong Kong’s embattled leader Carrie Lam refused to offer any concessions to anti-government protesters despite a local election trouncing, saying Tuesday that she will instead accelerate dialogue and identify ways to address societal grievances.

Lam said the central government in Beijing didn’t blame her for the election outcome that gave the pro-democracy bloc a landslide victory with 90 percent of seats and control of 17 out of 18 district councils.

Malaysia: MATRADE identifies products to fill in gaps due to US-China trade conflict

KUALA LUMPUR, Nov 25 (NNN-BERNAMA) — Malaysia External Trade Development Corporation (MATRADE) has identified various Malaysian products which could potentially fill in the gaps arising from the United States-China trade conflict.

Deputy chief executive officer Mohd Mustafa Abdul Aziz said the product categories include electrical and electronics (E&E), machinery and equipment, optical and scientific products, petroleum as well as chemicals and chemical products.

Malaysia keen on South Korea’s fighter jet programme

SACHEON (South Korea) Nov 25 (NNN-BERNAMA) — Malaysia is interested with the progress achieved by South Korea in the aerospace industry,  Prime Minister Tun Dr Mahathir Mohamad said.

Speaking during his visit to Korea Aerospace Industries (KAI) facility here,  the prime minister expressed his particular interest in the country’s fighter jet programme.

“I have always been interested in fighter planes and indigenous planes. I want to see how it perform and advancement of your aircraft industry, ” he told KAI’s CEO Ahn Hyun-ho who received him at the facility earlier.

China rejects US reservations, vows to advance CPEC to deliver more benefits to region, beyond

BEIJING, Nov 25 (APP): China on Monday rejected reservations of the US over the China-Pakistan Economic Corridor (CPEC) project and said it would work together with Pakistan to develop the CPEC and advance the all-weather strategic cooperative partnership to bring more benefits to Pakistani people and deliver more benefits to the region and beyond.

Post-Soviet security bloc to discuss over 20 issues at Bishkek summit

BISHKEK, November 25. /TASS/: Participants of the upcoming session of the Collective Security Treaty Organization (CSTO) Security Council in Kyrgyzstan’s capital of Bishkek will discuss more than 20 issues related to security, a Kyrgyz official told a news conference on Monday.

"During the session, the sides plan to discuss 21 issues related to ensuring collective and regional security," said Daniyar Sydykov, who is in charge of foreign policy issues at the Kyrgyz presidential administration.

China central bank says downward pressure on economy is increasing

BEIJING (Reuters) - Downward pressure on the Chinese economy is increasing and potential risks and problems will be difficult to eliminate in the short term, China’s central bank said on Monday.

The People’s Bank of China, in its annual financial stability report, said China will continue to implement proactive fiscal policy and prudent monetary policy.

China mandates 13 banks for U.S. dollar bond issue, seeks to raise over $3 billion

HONG KONG (Reuters) - China’s government has mandated 13 investment banks to lead a U.S. dollar sovereign bond deal, according to a term sheet seen by Reuters, its third since its international debt issuance program was revived two years ago.

A banker with direct knowledge of the transaction said China would likely seek to raise more than $3 billion, in line with the size of last year’s deal.

China, Japan agree to further improve ties, strengthen people-to-people exchanges

TOKYO, Nov. 25 (Xinhua) -- Japanese Prime Minister Shinzo Abe and Chinese State Councilor and Foreign Minister Wang Yi on Monday agreed that both sides should work together to further improve bilateral ties and strengthen people-to-people exchanges.

Subscribe to Asia (except ME & Indian SC)