An unexplained share surge for developer China Evergrande Group on Monday saw the company blow past China Vanke Co. to reclaim the title of biggest Hong Kong-listed Chinese developer by market capitalization. On a day…
Monthly Archives For August 2017
China Banks’ Leverage Falls for First Time Since 2010
The outstanding amount of wealth-management products, especially those sold to other financial institutions, fell by a cumulative 1.9 trillion yuan, the regulator said. Interbank lending and shadow-banking products are key targets in China’s push to…
China’s Great Wall confirms interest in Fiat Chrysler
Great Wall’s founder and chairman Wei Jianjun saw opportunity when China began to fall in love with SUVs, and invested heavily in its Haval brand, cutting back on sedans. Within a few years, it was…
China Expresses ‘Strong Dissatisfaction’ Over U.S. Intellectual Property Probe
China expressed “strong dissatisfaction” on Monday with the U.S. launch of an investigation into China’s alleged theft of U.S. intellectual property, calling it “irresponsible”. The U.S. Trade Representative formally announced the investigation on Friday ……
China regulator says Unicom’s reform plan does not violate rules; shares surge
HONG KONG (Reuters) – China Unicom’s $11.7 billion ownership reform plan does not violate rules, the nation’s securities regulator said, helping shares in the telecom group’s units surge as they resumed trade on Monday after…
China Unicom, energy firms boost Hong Kong shares
SHANGHAI, Aug 21 (Reuters) – Hong Kong shares finished higher on Monday, supported by strong performance in energy and telecoms firms after China Unicom’s ownership reform plan was given the green light by China’s securities…
China Mobile : 4G net adds rise to 12.32m in July
4G mobile customers in July, faster than the pace of 10.419 million in the previous month, bringing the total 4G customer size to 606 million. The net additional customers for July amounted to 3.351 million,…
Finance businesses may jeopardise credit quality of internet companies, Moody’s says
China’s technology companies had been muscling their way into the traditional business of banking and finance, using the convenience and ubiquity of the smartphone-enabled mobile internet to provide everything from online cashless retail payments ……
China to again have one of the world’s fastest bullet trains
The latest trains were unveiled in June and have a top speed of 400 kilometers per hour (250 mph), according to the official Xinhua News Agency. China first ran trains at 350 kilometers per hour…
China to relaunch one of the world’s fastest bullet trains
China is relaunching one of the world’s fastest bullet trains, running at 350 kilometers (217 miles) per hour. The trains will service the route from Beijing to Shanghai starting next month, making the 1,250-kilometer (777-mile)…
Reports: China accuses luxury e-retailer of smuggling
The founder of a Chinese luxury online retailer has been extradited from Indonesia to face charges his company smuggled goods into China by having travelers pretend they were personal belongings, news reports said Monday. Ji…
Chinese tech giants battle for mobile payments market
A pitched battle between China’s technology titans for control of the world’s largest mobile-payments market is starting to ripple overseas. The biggest combatant is Ant Financial Services Group, an affiliate of e-commerce giant Alibaba and…
China Bank Bears Must Brace for Disappointment
Global investors concerned about a looming spike in Chinese nonperforming loans should take a look at recent data from the China Banking Regulatory Commission. If they did, then maybe they wouldn’t have as much angst.…
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