SHANGHAI (Reuters) – The China North Industries Group (Norinco), a central government-run arms manufacturer, has decided to pursue a “mixed ownership” model as part of China’s ambitious reform programme for state-owned enterprises (SOEs), the company…
Monthly Archives For January 2017
Power Corporation acquires an additional 3.9% interest in China Asset Management Co., Ltd.
China AMC is an affiliate of CITIC Group Corporation Ltd., China’s largest conglomerate, with which Power Corporation has had an association since 1986. Mackenzie Financial Corporation (Mackenzie Investments), an indirect subsidiary of Power Corporation ……
Superior tech, stronger brands needed
This is a huge gap for China, and so far it has been filled almost entirely by Western brands such as Apple, BMW and Hermes, to name just a few. This is because, while the…
Why Audi Is Facing Dealer Discontent in China
Today, he and his 300 colleagues at mainland China’s first full-service Audi dealership are struggling to boost sales, even with 15 to 20 percent discounts and at losses for the dealer of 20,000 to 30,000…
E-Commerce in China has Brands Hungry to Cash in on the Boom
Last month, Chinese e-commerce site Alibaba reported a rise of online sales of 32% to 120.7 billion yuan (US$17.73 billion), an impressive number, indeed. But that wasn’t a quarterly figure, or even a monthly tally–those…
Which Luxury Brands Will Have the Luckiest Chinese New Year?
At a time when China’s economy faces turbulence and the country’s anti-corruption campaign continues at full speed, some luxury brands are faring much better than others in maintaining their appeal with Chinese shoppers. According to…
Foreign cosmetic brands cut retail prices in China market
High-end cosmetic brands, including Estee Lauder and Amorepacific, have announced price cuts in the Chinese market in the new year in response to lowered consumption tax. The South Korean beauty company Amorepacific said on Tuesday…
Crossovers, China and the Buick conundrum
It’s the fastest-growing major international brand on the planet. Except, what exactly does “international” mean here? Buicks are sold in only four countries: the United States, Canada, Mexico … and China. For obscure historical reasons…
Tiffany, Tesla, and Apple Among U.S. Brands That Could be Most Affected by a Trump-Led China Trade War
He may not be pressing for an investigation against Hillary Clinton and his “great wall” along the Mexican border is no longer a top priority, but one campaign promise Donald Trump appears ready to follow…
Estee Lauder and AmorePacific lower China prices by up to 30 per cent
Cosmetics giants Estee Lauder and AmorePacific have lowered prices in China by up to 30 per cent in the wake of the country’s new import tax regime. “From January 15, we will bring the prices…
Shadow banking and Chinese bonds are dangerous mix
BEIJING (Reuters Breakingviews … trust companies and asset managers. Such non-bank financial institutions held $3.7 trillion in loans as of November, according to central bank data. The non-bank financial sector is overseen by a host…
China's banking regulator to bolster private bank supervision
BEIJING Jan 5 China’s banking regulator on Thursday issued guidelines aimed at strengthening governance at the country’s emerging private banks, the latest move by regulators to beef up risk management among financial services firms. The…
China’s Sogou targets $5b IPO to Chase rival Baidu
Beijing: China’s third-biggest search engine expects to hold … Sogou, whose name means “search dog,” plans to sell about 10 per cent of its shares in an IPO that will probably be held this year,…
