The total track length of Beijing’s rail transit network will exceed 1,500 kilometers, Chinanews.com reported on Aug. 7. Beijing plans to increase the number of rail transit lines to 35. This will include 21 subways,…
Monthly Archives For August 2017
BRIEF-China Unicom Hong Kong updates on progress of matters relating to mixed ownership reform
* Coverage Regarding “China Unicom Established Operating Centers With Tencent & Alibaba & Speculation Of Mixed Ownership Reform Escalated” * 2 operating centers referred to in article are still in their initial stage of operation…
China Mobile’s Literary Platform Sues Top Online Book Provider
One of China’s largest online literature platforms has sued its largest provider, accusing it of cutting off supplies in a market where reading on smartphones and tablet PCs has become big business. The lawsuit by…
Strong quake strikes southwest China, 13 dead, 175 injured
A strong earthquake shook a mountainous region in southwestern China near a famous national park, killing 13 people, injuring 175 others and knocking out power and phone networks. At least five of the dead were…
China’s property investors target domestic M&As amid capital curbs
As Beijing strengthens its crackdown on capital outflows since the start of the year, deep-pocketed Chinese property developers have turned their shopping targets back to the ones on home turf, a trend that analysts say…
Steady China factory inflation a boon for industrial profits, economic growth
BEIJING (Reuters) – China’s factory price inflation held steady in July in a positive sign for industrial output and profits for the third quarter, even though a government-led deleveraging drive is expected to cool earnings…
Strong quake strikes southwest China, killing at least 7
The information office of the Sichuan province government released an updated number of casualties early Wednesday, but it didn’t have more details on the victims of the Tuesday evening quake, China’s official Xinhua News Agency…
Analysts Set China Unicom (Hong Kong) Ltd (NYSE:CHU) PT at $14.25
The firm has a 50-day moving average price of $53.16 and a 200-day moving average price of $54.79. ILLEGAL ACTIVITY NOTICE: This news story was first posted by BNB Daily and is the sole property…
Roaming charges will be history by September
It is expected to benefit 80 million users. The People’s Daily reported that China Unicom and China Mobile had also announced they would cancel domestic roaming fees from September. China Telecom chairman Yang Jie said…
The firm behind one of the top China analysts in the world is warning of a ticking time bomb
China has shown signs that it is aware of the risks that shadow banking presents. In a recent interview with Bloomberg, Chu stated that Beijing has shown a “surprisingly high appetite for pain” as it…
Visa applies for direct access to China’s bank-card clearing market as it moves to challenge UnionPay dominance
Visa expects the central bank to consider its application in line with the publicly … will for sure means fiercer competition,” said Wang Pengbo, an analyst with Beijing-based consultancy Analysys. “Yet, it still an uncertainty…
China’s rules on overseas bank card transactions to have limited effect on users
BEIJING – China’s new rules on overseas bank card transactions will have a limited effect on card holders as they aim only to gather information to curb money laundering, not spending, an official said Tuesday.…
China Is Taking On the `Original Sin’ of Its Mountain of Debt
In July, the bank watchdog is said to have told some lenders to cut the … investments — funds that Chinese lenders farm out to external asset managers — and Beijing recently extended the deadline…
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