BEIJING • China will focus on the stable development of its capital markets this year, but will press ahead to further open its markets to foreign companies, the top securities regulator said yesterday. “We will…
Monthly Archives For February 2017
Hiring ‘Princeling’ Complicates Business in China for Global Banks
Two of the biggest global banks, HSBC and Citigroup, announced they are under investigation by the U.S. Securities and Exchange Commission (SEC) for candidate hiring practices. It’s believed that the investigations focus on the banks’…
Buy AIA For Its China Growth: Credit Suisse Upgrades
Insurer AIA Group (1299.Hong Kong) has seen spectacular business opportunities in China, growing its new businesses there by 41% annually since 2010. Last year, AIA managed to grow the value of new business, a metric…
Massive investment planned in ‘Made-in-China’ industrial robots
China has seen rapid growth in its research and development … Other Chinese companies involved in automation business may also be worth some attention, including Shanghai-listed Shanghai Baosight Software, WuXi Xinje Electric, and Shenzhen-listed ……
State-run oil giant taps China's vast geothermal reserves
BAODING, China — Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost…
China Bank nets P6.45B
Sy family-led China Banking Corp. grew net profit last year by 15 percent to P6.45 billion on higher interest earnings, fee-based revenues and treasury gains. Reporting sustained growth in core businesses across all market segments,…
First China-produced passenger plane set for its maiden voyage
YIN LIQIN / FOR CHINA DAILY Chinese manufacturers are preparing to take the nation’s first passenger plane on its maiden flight. The locally designed and built aircraft marks a significant milestone in Chinese manufacturing, as…
China’s securities watchdog ‘hard on the digital trail of financial crocodiles’
The head of China’s securities watchdog refused to name names on Sunday as he vowed pursue “barbarians” and “crocodiles” preying on the nation’s financial markets at the expense of retail investors. China Securities Regulatory Commission…
China can manage financial risks if property tax introduced: state media
BEIJING China could manage the resulting financial risks if a property tax is introduced and causes the housing market to correct, a state newspaper said on Monday in a front-page commentary that sought to dispel…
China Merchants Bank Adopts Distributed Ledger Technology
In recent days, China has emerged as the leading advocate of blockchain technology. The government itself is pushing for international collaboration in the development of blockchain applications for a range of industry segments. The country’s…
China Mobile, Qualcomm, ZTE Announce Large-Scale Testing on 5G Network Technology
China Mobile, together with Qualcomm and ZTE, is planning to conduct a large-scale 5G test based on specs being developed by 3GPP. Over-the-air field and interoperability tests need to be conducted before a new generation…
China’s Huawei Battles to Own the Next Generation of Wireless Technology
VIENNA—Telecom firms from around the world dispatched their top engineers to the Austrian capital late last year for a discreet, but strategic round of meetings aimed at defining capabilities and specifications of future wireless networks…
China primed to push advances in blockchain and 5G development
Mainland China is primed to become a global leader in the implementation of blockchain, the distributed ledger technology behind cryptocurrency bitcoin, as the central government reinforces the creation of digital intelligent services in the country…
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