Since the Belt and Road (B&R) initiative was proposed four years ago, a number of milestones has been achieved, bringing unlimited business opportunities to mainland Chinese enterprises, especially in the infrastructure, public utilities, energy and other sectors. The 19th National Congress of the Communist Party of China (CPC) further confirmed that China will promote international cooperation and encourage enterprises to accelerate their development along the B&R. EY launched the...
The new standard, IFRS 15 Revenue from Contracts with Customers, is effective for annual reporting periods beginning on or after 1 January 2018. IFRS 15 provides a unified 5-step model on revenue recognition, measurement, presentation and disclosure of contracts with customers, which is required in consolidated financial statements.
NBA China today announced that NBA Champion and two-time NBA All-Star Kawhi Leonard of the San Antonio Spurs will visit China from Aug. 18 – 24 to support the growth of basketball in the country and coach top youth talent from the region at The NBA Academy Zhejiang. This will be Leonard’s first trip to China.
The National Basketball Association (NBA) today announced the 73 boys and girls from Australia, China, India, Korea and New Zealand who will travel to Hangzhou, China for the fourth Asia Pacific Team Camp Presented by Nike.
2017 Nordics Attractiveness Report examines the evolving performance of the Nordics as a destination for foreign direct investment (FDI). By excluding portfolio. investments and M&A, it shows the reality of investment by foreign companies across the Nordic countries.
Since the global financial crisis in 2008, European and US international banks have been downsizing and restructuring to meet the capital requirements of all governments and to cope with lower profitability. These banks tend to adopt the “capital-light” strategy for reassessment of their resource allocation in emerging markets. Under the cross influence of the quantitative easing (QE) tapering in the US, the downward growth trend in the emerging Asian economies and Southeast Asia’s currency...
China’s outward FDI flows reached a new record high in 2016. However, such high growth did not continue in the first half of 2017. Amidst the current complicated and rapidly-changing international environment and under the new policies of the Chinese government.
In 2016, Shanghai Municipal Commission of Commerce commissioned Ernst & Young (China) Advisory Limited to develop the "Research on the restructuring of international tax rules under economic globalization and its coping strategy”, and officially released the report in early 2017. The content herein is excerpted from this report.
Investors in financial services (FS investors) say they are bullish on the prospects of the sector’s European market, despite a variety of political, regulatory and economic uncertainties. In a recent EY survey, global FS investors ranked financial services as the second-most important driver of growth in the region, after information technology.
2016 marked the 15th anniversary of the Treaty on Good-Neighborliness, Friendship and Cooperation between China and Russia. It also meant that 20 years had passed since the establishment of strategic cooperation and partnership relations between the two states. During 2016, President Putin and President Xi met four times to discuss the development of China-Russia cooperation. Further, in the course of 2015 and 2016, a range of politicians announced that Russian-Chinese ties had reached a new...