Inspired by the huge success of companies that make a business out of sharing cars and housing, China is going through a bout of a sharing boom, with increasing number of seemingly shareable products and…
Monthly Archives For August 2017
China Telecom posts 7.4pc rise in first-half profit on higher mobile service revenue
China Telecom, the world’s ninth largest mobile network operator by subscribers, reported a 7.4 per cent year-on-year increase in interim net profit on the back of higher service revenue growth. The operator, which also runs…
Air China: Official Passenger Air Transportation Services Partner for Beijing 2022
BEIJING, Aug. 23, 2017 /CNW/ — Air China Limited (referred to below as “Air China”) has become the Official Partner of the Beijing Organising Committee for the 2022 Olympic and Paralympic Winter Games (“Beijing 2022”)…
Lumentum et al Jump on China Mobile Optical Tender
Shares of Lumentum Holdings (LITE) and fellow fiber-optic component suppliers are jumping in afternoon trading following a note from Rosenblatt Securities’s Jun Zhang wrote positively about what is apparently the largest order ever placed by…
China’s COFCO considers sale of Nidera in divestment effort: sources
Any sale would mark an abrupt change in strategy, as COFCO looks to restructure its business as part of wide-ranging reforms of China’s state-owned companies. Two sources say COFCO has tapped investment bank Morgan Stanley…
China’s Fosun invests in local version of bitcoin tech blockchain
It is looking at applying the technology across its businesses, which are as varied as financial services and pharmaceuticals, Da said. Fosun is China’s largest private conglomerate and one of its most active investors. It…
Beijing’s ‘lawfare’ against dissent in Hong Kong unites fractious opposition
(CNN)In one of the largest protests since 2014’s pro-democracy Umbrella Movement, 22,000 protesters took to the streets of Hong Kong on Sunday. The immediate catalyst for their protest was the jailing last week of three…
China urges US to drop new sanctions on Chinese companies
China on Wednesday urged the U.S. to withdraw new sanctions it imposed on Chinese companies that Washington says are supporting North Korea as it carries out increasingly ambitious missile tests. On Tuesday, the Trump administration…
China Unicom sees windfall from parent’s mixed-ownership reform deal
China Unicom, the country’s second-largest mobile network operator, is poised to receive a huge windfall worth HK$88 billion (US$11.25 billion) from the mainland government’s first test case under its ambitious mixed-ownership reform scheme for state…
China Unicom gets funding and stake boost from parent in ‘mixed ownership reform’
Hong Kong-listed China Unicom, whose parent China United Network Communications Group last week announced to sell a 35.2 per cent stake to 14 big companies to raise 78 billion yuan (US$11.6 billion), says the parent…
China’s cat-and-mouse game over capital outflows set to continue
At that time, the renminbi weakened sharply, capital outflows surged and the stock market crashed. In Beijing’s view, financial risk remains paramount still — even though the scary, unvirtuous circle of a weakening renminbi, ever…
China c.bank: Rollover of special treasury bonds won’t affect financial markets
BEIJING, Aug 22 (Reuters) – China’s central bank said on Tuesday that the rollover of special treasury bonds will not affect financial markets and banking sector liquidity. The central bank will buy the special treasury…
Senior Executive at China Minsheng Bank Targeted in Graft Probe
(Beijing) — A senior executive at China’s largest private bank–China Minsheng Bank–has become the latest target of an anti-corruption campaign that has brought down several regulatory officials and executives in the financial sector. Lin Xiaoxuan…
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