BEIJING — China’s state planner on Wednesday published the 2020 negative list for foreign investment, reducing the number of items on the list to 33 from 40 the previous year.
Foreign ownership caps on in brokerages, futures companies and life insurance companies would be removed, the National Development and Reform Commision said in a statement on its website, while ownership by foreign investors in wheat breeding, seed production would be raised to 66%.
The so-called negative list specifies industries where activities by foreign investors are either restricted or prohibited.
(Reporting by Stella Qiu, Lusha Zhang and Ryan Woo; Editing by Andrew Heavens)
Beginner investors should follow this timeless advice from Warren Buffett – Financial Post
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Taking that leap into investing your money isn’t easy. If you’re not careful, you can wind up losing money. (You probably will at some point anyway, to be fair.) Luckily for all those curious to dive into the investment world, there are plenty of experts out there who you can learn from.
For example, American investor and billionaire Warren Buffet has some timeless tips that can steer you in the right direction.
Of course, if you want to really dig in and grow your investing know-how, The Complete Finance Training & Investing Bundle is another great resource you can use to take your understanding further. Below, we’ve highlighted some timeless advice from Buffett as well as how this training bundle can help you become a better investor. Read on for details:
When you buy a stock, plan to hold onto it forever
Buying stocks isn’t like purchasing the latest fashion trend. You want to be sure you’re buying something you want 10 years down the line. “Our favourite holding period is forever,” Buffet once said. That’s because the more you buy and trade stocks, the higher your tax returns. Plus, building wealth takes time.
The course “You Won’t Get Rich in the Stock Market” can help instill this understanding. It offers knowledge on a long-term planning strategy for financial independence, as well as insight on the amount of wealth necessary for a secure future. It’s a good basics course that will further bring home why stocks are something to hold onto.
There’s no easy answer to investing
Look, investing isn’t exactly complicated, but that doesn’t mean it’s simple, either. You don’t have to be a master of economics to be able to effectively invest your money, but you can’t turn to a set of rules to answer every question related to an investment. It’s something that takes time and thought to do right. “You don’t need to be a rocket scientist,” Buffet said. “Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ.”
The bundle’s “The Complete Financial Analyst Training & Investing Course” offers 22 hours of TEDxTalk speaker and venture capitalist Chris Haroun’s expertise. Here, you can learn about risk management and how to value companies so you make informed decisions when buying stocks.
That means don’t take too many risks, make emotional decisions, or time the market. Low-cost index funds are a sensible choice for a beginner investor. Buffet is big on these! They don’t carry the fees that other investment funds do. It’s not only a safe strategy; it’s one that works. “Investing 102: Stock Markets & Index Funds – Learn to Invest” teaches you how to build a diversified portfolio and a key rule: Never invest what you’re not willing to lose.
Understand price versus value
Stock prices aren’t always the best marker to determine the value of a company. For instance, stock prices may drop during financial crises—but that doesn’t mean those companies aren’t worth investing in. After all, we’re thinking long-term here, right? These are often the best moments to buy quality stock. It’s cheaper. “Price is what you pay,” Buffet said. “Value is what you get.”
“Investing 102: Stock Markets & Index Funds – Learn to Invest” is a great course to really dig into the difference between value and price. That’s why The Complete Finance Training & Investing Bundle is a worthy investment for only $34.99 USD today. The course can be your first step toward securing financial freedom.
Prices subject to change.
Africa’s Biggest Investment Takes Shape Under Islamist Threat – Yahoo Canada Finance
(Bloomberg) — Dozens of soldiers clutching AK-47s and grenade launchers watch over roaring bulldozers on the white sand beach that meets a tropical turquoise sea. They’re guarding Africa’s biggest investment: a $23 billion project to export Mozambique’s natural gas from an area increasingly besieged by an Islamist insurgency.
Companies led by Total SA will pump the gas from wells about 40 kilometers (25 miles) offshore, cool it to temperatures below minus 260 degrees Fahrenheit so that it turns to liquid, then ship it to electricity plants from France to China. The consortium is about to finalize almost $16 billion in project financing — another record for the continent.
“The work is immense,” said Ronan Bescond, the 44-year-old French chemical engineer who Total chose to lead the project after a career of nearly two decades at the company. “The first cargo of LNG must be in 2024. And we are on the right track,” he said to a handful of reporters in a prefabricated room at the site 32 kilometers south of the Rovuma River that marks the border with Tanzania.
The obstacles facing a project that’s expected to transform the impoverished southeast African nation are huge.
To achieve the target of first production for an undertaking worth billions of dollars more than Mozambique’s entire economy, developers need to move thousands of tons of equipment through territory thick with Islamic State-aligned insurgents. At one stage, a Covid-19 outbreak saw the Total site accounting for three in four of the country’s confirmed infections. All this as natural-gas prices plunged to near 25-year lows.
Militants who first pledged allegiance to IS in 2018 have carried out increasingly brazen attacks this year.
Last week, they raided Mocimboa da Praia for a third time, and occupied the town for as long as three days. It’s a crucial supply hub just 60 kilometers south of the project site and the closest port.
As many as nine workers for Total subcontractors Fenix Construction Services Lda died in the attack, Jasmine Opperman, an African analyst at Wisconsin-based Armed Conflict Location & Event Data Project, said in a Twitter post. The company didn’t answer seven calls and two emails seeking comment.
Before the gas discoveries and insurgency, the remote coastline was more famous for luxury tropical island resorts. Last month, one of the nearby hotels offered a discount price of $19,820 a night to hire out an island as a refuge from the coronavirus.
The private military company that Mozambique hired in April to provide air support to government troops in the form of helicopters fitted with machine guns has struggled to quell the violence. Lionel Dyck, the founder of Dyck Advisory Group, the firm the government employed, declined to comment when contacted by mobile phone.
Governments including South Africa, the U.S. and Portugal have indicated willingness to help fight the insurgency.
“The insurgency is a challenge but we’re happy that our defense and security forces have been playing their role,” Max Tonela, Mozambique’s energy and natural resources minister, told reporters during the June 19 site visit. “We all as Mozambicans must fight against this evil that comes from external attacks.”
About 1,300 people have died in the violence, with a further 220,000 displaced since the first attack three years ago, which also took place at Mocimboa da Praia.
For the second time, IS referred directly to the projects in a weekly newsletter this month. The group said that it would be “delusional” to think that the government could protect the investments, and warned other countries against getting involved.
The marginalization of young men in a region that’s predominantly Muslim and 1,900 kilometers away from the capital, Maputo, has helped lead to radicalization that’s fueled the insurgency, according to researchers including Saide Habibe at the Maputo-based Institute of Social and Economic Studies who have studied the origins of the fighters.
Total’s project will hire 14,000 people at peak construction, of which at least 5,000 will be Mozambican and many from the region, Bescond said at the briefing, wearing a surgical mask, as all visitors to the site must do to prevent another outbreak of the coronavirus.
The financial rewards are worth the cost to the government of the soldiers patrolling the vast compound and snipers on its perimeter fence — Total’s estimate is $50 billion in direct and indirect revenue over 25 years for the $15 billion economy.
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Indonesia says trade, investment deal with Australia takes effect – TheChronicleHerald.ca
JAKARTA (Reuters) – An Indonesia-Australia deal that eliminates most trade tariffs between the two nations and aims to open up investment, took effect on Sunday, Indonesia’s Trade Ministry said.
The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), signed last year and ratified by the Indonesia’s parliament in February, aims to boost bilateral trade that was worth $7.8 billion in 2019.
“COVID-19 has resulted in economic slowdown in nearly all countries,” Trade Minister Agus Suparmanto said in a statement. “IA-CEPA momentum can be used to maintaining Indonesian trade and improve competitiveness.”
In a signing ceremony last year, the two countries said the pact would eliminate all Australian tariffs on imports from Indonesia, while 94% of Indonesian tariffs would be gradually removed.
Australia aims to boost exports including wheat, iron ore and dairy, while Indonesia hopes to increase automotive exports, textile and electronics. The deal opens up investment, including for Australian universities in Indonesia.
The ministry said in the statement it has issued three regulations to allow for implementation of the deal.
(Reporting by Fransiska Nangoy; Editing by William Mallard)
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