is considering a US IPO, according to an article published in Bloomberg last week. The firm is looking to raise an estimated $200 million according to unnamed sources. The Beijing-based QuantGroup is a financial services…
Monthly Archives For May 2017
China state firms set up 150 billion yuan fund to invest in new technologies: Xinhua
China has been encouraging its industrial firms to rise up the value chain through technical innovation and tougher efficiency standards, with the aim of creating globally competitive conglomerates. China’s state council in August approved a…
China's fondness for pirated software raises risks in attack
China has long been a global centre for unlicensed copying … The authorities have tightened legal controls on data but foreign business groups say such restrictions will limit market access for foreign security products and…
China seen sacrificing some growth to reduce debt risks
After clocking 6.9 percent in the first quarter thanks to spending on infrastructure and a property boom that policymakers want to rein in, analysts surveyed by Reuters reckon economic growth will just about make Beijing’s…
China, India dominate coal ownership amid divestments: Report
Investors in China and India increasingly dominate ownership of coal reserves amid campaigns for divestment in many rich nations to limit the risks from climate change, a study showed on Tuesday. The report, by British-based…
China's chase of the 'golden visa' abroad, by the numbers
China’s middle and upper classes are demanding better schools … WHAT THEY BUY Depending on the country, Chinese investors looking for a second home can join business projects, invest in bonds or make an outright…
AirAsia Fernandes’ China dream come true
PETALING JAYA: Tan Sri Tony Fernandes has reasons to smile, as for the past 10 years he has been dreaming of setting up a low-cost airline in China, and now, he seems to have gotten…
How AP collected, parsed data on China's investor immigrants
BEIJING — At least two dozen countries offer a new home to people willing to invest hundreds of thousands of dollars in a business, real estate or government bonds. And there’s no bigger market for…
Guangxi, China-Sri Lanka Economic & Trade Cooperation Forum to be held in Colombo
Commenting on the upcoming forum’s business intent, president of Sri Lanka – China Business Council, LasanthaWickremesooriya said, “Many Sri Lankan enterprises have shown keen interest to meet the visiting Chinese enterprises and more are expected…
BRIEF-China Information Technology Development posts qtrly net profit of HK$9.8 mln
May 15 China Information Technology Development Ltd: * Qtrly profit attributable amounted to approximately HK$9.8 million (2016: loss of approximately HK$9.9 million) * Turnover for three months ended 31 March was about HK$11.4 million, up…
China banking regulator tightens rules on WMPs, flags more curbs
SHANGHAI China’s banking regulator is tightening disclosure rules on lenders’ wealth management products (WMP) as it tries to track risky lending practices in the shadow banking sector, the latest in a series of steps by…
China's Xi outlines plans for wide co-operation in trade plan
But he expressed hope governments taking part in the initiative will co-ordinate policy in finance, law enforcement, technology and education — areas where China’s status as the biggest Asian economy would allow Beijing to dominate.…
China Looks Overseas for Designers to Build Brands
Local designers have talent but don’t yet have much experience When evaporating profit margins prompted China’s Zhejiang Willing Foreign Trading Co. to launch its own brand for yoga wear last year, it spurned homegrown talent…
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