Total spending on 5G infrastructure by mainland China’s three telecommunications network operators is forecast to reach up to US$180 billion over a seven-year period, dwarfing their estimated US$117 billion investment in 4G from 2013 to…
Monthly Archives For June 2017
China, Luxembourg sign deals on finance, aviation
(Xinhua/Zhang Duo) BEIJING, June 12 (Xinhua) — China and Luxembourg on Monday signed cooperative agreements in finance and aviation during Luxembourg Prime Minister Xavier Bettel’s visit. China hopes to enhance cooperation with Luxembourg in the…
China unlikely to see financial crisis
Moody’s downgrading of China’s long-term local currency sovereign debt from Aa3 to A1 is badly timed, as it coincides with China’s efforts to attract foreign investment into the domestic bond market. However, China’s massive credit…
China Eastern plane lands at Sydney with hole in engine
One passenger told Australia’s Seven News network: “All of a sudden we heard this noise … Passengers said the crew cleared the seats near the affected engine. China Eastern Airlines said in a statement to…
China Mobile deploys home gateway technology with Nokia
China Mobile is deploying home gateways to offer fiber-based ultra-broadband applications and intelligent home services to residential customers across 29 different provinces in China. China Mobile will deploy home gateway units with Nokia’s solution to…
China state papers urge regulators to stick to reforms as pace of IPOs slows
SHANGHAI Approvals of initial share offerings are slowing in China once again as local share prices slide, but major state-controlled newspapers are urging the stock market regulator not to “balk or backtrack” on reforms. The…
Rare public protest in China’s Shanghai over property rule change
SHANGHAI/BEIJING Hundreds of demonstrators have marched through a shopping district in the Chinese city of Shanghai to protest against changes to housing regulations, in a rare show of public dissent in the financial hub. Footage…
China Mobile Ltd. (HKG:0941) CFM S.A Buys China Mobile Shares
China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses and Wireline Broadband businesses. Mobile businesses include two categories of services. ( read original…
Beijing Guoan appoint former Bayer Leverkusen manager Roger Schmidt as new boss
Chinese Super League side Beijing Guoan have named former Bayer Leverkusen and Salzburg head coach Roger Schmidt as replacement for the recently sacked Jose Gonzalez. Schmidt guided Leverkusen to the knockout rounds of the UEFA…
Are developers ending their affairs with China’s shadow banking system?
As they say in China, whatever policies the central government introduces, the lower levels of power will find a means to counter them. Look no further than Beijing’s uphill struggle to cool the country’s surging…
Mainland investors say goodbye to double-digit returns as Beijing tightens regulations on online lending platforms
One popular investment theme in China has begun to lose its appeal, as Chinese authorities continue with their push to tighten credit and restrict lending through the shadow banking sector. Investors accustomed to double-digit returns…
China slows wealth management product issuance amid tightened regulation: report
BEIJING, June 11 (Xinhua) — China’s banking sector has seen moderated growth in the issuance of wealth management products (WMPs) as the country stepped up efforts to contain risks in the financial industry, a report…
Chinese banking regulator urges progress in inclusive financing
Noting progress in inclusive financial service improvement over the past years, Guo said during an inspection to the Industrial and Commercial Bank of China that there were still issues such as lengthy decision-making process and…
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