China
Bangkok 7th World Most connected city to China
Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to a new report from real estate consulting firm JLL.
While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas.
Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to ‘China12: China’s Cities Go Global’, a new report from real estate consulting firm JLL.
The report analyses 12 mainland cities and their transformation into major hubs of innovation and global interaction. It also dives into the country’s emerging wave of influential corporates and the impact that this group of dynamic Chinese companies have beyond their domestic market.
“The China12 are home to a growing group of highly dynamic and ambitious new generation firms that will drive the next wave of globalisation,” says Jeremy Kelly, Director of Global Research, JLL.
“We’re already seeing a higher number of domestic brands, both established firms and new start-ups, enter the international market, with key targets in South and Southeast Asia.”
According to real estate consulting firm JLL, Chinese businesses are now expanding their global footprint through targeting emerging markets, acquiring overseas firms and making strategic investments in new technologies.
China’s largest companies are leading the charge overseas and emerging as some of the world’s most innovative brands. In terms of scale, Baidu, Alibaba and Tencent rival Google, Amazon and Facebook while hardware giants like Huawei, ZTE and Lenovo have become some of China’s most internationalised firms.
Amongst the global network of cities, Asian markets such as Singapore, Tokyo, Jakarta, Bangkok, Seoul and Delhi are featured prominently. Leading the pack is Singapore as the top destination for mainland firms expanding overseas.
Not only is it Asia’s most stable and transparent market and a global financial services hub, Singapore also carries strong links to China and is geographically well-placed to act as a gateway into Southeast Asia.
Chinese property might grows in Bangkok
According to a report by The Nation Nexus Property Marketing says the property market in Bangkok has been adjusted to serve foreign investment, while more mid-sized players and new developers tap into the market.
Large-sized developers seek investment opportunities in the property leasing market to manage their cost more effectively and generate long-term revenue.
The market for luxury homes in central Bangkok would continue to grow in the second half of this year, managing director Nalinrat Chareonsuphong forecast.
During the first quarter of 2018, 14,094 condominiums had become available in Bangkok from both large and small developers, Nalinrat said.
In the first quarter, around 20 per cent of condominiums in Bangkok were developed by large Chinese companies without investing as joint ventures with Thai developers. The combined value of these projects was over Bt30 billion, she said.
China
China-Denmark Trade and Investment: Key Developments and Emerging Opportunities
China’s investments in Denmark enhance collaboration in renewable energy, green technology, and digital infrastructure, aligning with both nations’ sustainable development goals. Their partnership, solidified by joint programs, underscores mutual economic interests and complementary strengths in green innovation and manufacturing.
As both countries share a commitment to sustainable development, China’s increasing investments in Denmark are driving innovation in renewable energy, green technology, and digital infrastructure. This partnership is further strengthened by Denmark’s expertise in wind energy and environmental solutions, aligning well with China’s goals to transition to a greener and more digitally advanced economy.
The growing trade and investment relationship between China and Denmark not only reflects mutual economic interests but also highlights the complementary strengths of each nation. Denmark’s high-tech manufacturing, environmental engineering, and green energy solutions are vital to meeting China’s evolving demands, while China’s large-scale market and industrial capacity offer vast opportunities for Danish enterprises. Together, these nations are paving the way for continued progress in sustainability, technological innovation, and economic growth.
In 2017, the two countries took a further step to solidify their relationship by establishing a Joint Work Programme for 2017-2020. The program acted as a blueprint for bilateral cooperation, encouraging strategic dialogues and joint ventures between the two nations in key areas such as trade, investment, environmental sustainability, and technology
The partnership was further reinforced in November 2021, when the Foreign Ministers of China and Denmark announced the commitment to a new phase of cooperation through the Green China-Denmark Joint Work Programme. The agreement emphasizes the acceleration of green technologies, renewable energy, positioning Denmark’s expertise in clean energy and green innovation as a crucial asset in China’s drive toward a greener economy.
Over the past five years, China’s exports to Denmark have shown consistent growth, further strengthening the economic ties between the two nations. This trend underscores their mutual commitment to expanding commercial relations and unlocking the potential for deeper cooperation.
China’s growing importance to Denmark, both as a market and as a supplier of production inputs, is evident in the economic integration over the last three decades. Today, China is Denmark’s fourth-largest export market, after the United States, Germany, and Sweden.
| This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, and India . Readers may write to info@dezshira.com for more support. |
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China
Joe Biden in Africa: US president has ignored the continent for his entire term – why he’s visiting Angola
Joe Biden, having largely overlooked Africa during his presidency, is visiting Angola to address key issues and strengthen diplomatic ties, signaling a renewed focus on the continent.
Joe Biden in Africa: US president has ignored the continent for his entire term – why he’s visiting Angola
This article is republished from The Conversation under a Creative Commons license. Read the original article.
Banking
HSBC to Scale Back China Credit Card Operations Amid Expansion Challenges – Reuters
HSBC is withdrawing from its China credit card business due to difficulties in expanding, marking a strategic retreat in a challenging market environment.
HSBC’s Strategy Shift in China
HSBC is scaling back its credit card operations in China, highlighting challenges the bank has faced in expanding its customer base. The competitive landscape, combined with changing consumer preferences, has made it increasingly difficult for the bank to maintain its position in this lucrative market.
Market Challenges Ahead
Recent reports indicate that HSBC is reassessing its strategy, focusing resources on other areas where it sees stronger growth potential. The decision to pull back reflects the broader difficulties foreign banks encounter when trying to penetrate China’s financial services sector.
Future Focus
As HSBC pivots away from its credit card business in China, it aims to concentrate on digital banking and wealth management services. This strategic shift underscores the bank’s commitment to adapting to the evolving landscape of financial services while ensuring long-term sustainability in the region.
Source : Exclusive: HSBC pulling back from China credit card business after struggling to expand – Reuters
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- HSBC to Scale Back China Credit Card Operations Amid Expansion Challenges – Reuters
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