BEIJING, Aug. 5 (Xinhua) — The China Securities Regulatory Commission (CSRC) has approved IPO applications for seven companies. They will raise up to 2.8 billion yuan (420 million U.S. dollars), the CSRC said. Three of…
Monthly Archives For August 2017
China stocks regulator approves seven IPOs to raise $416 million
SHANGHAI (Reuters) – China’s securities regulator has said it has approved seven initial public offerings (IPOs) that aim to raise a combined total of up to 2.8 billion yuan ($416.22 million). Three of the approved…
China Mobile fined for preventing court from seeing dead user’s call log
A local branch of China Mobile has been fined 500,000 yuan after it denied access to a user’s call log despite a local court order, triggering public debate on jurisdiction over personal privacy. The company…
China regulators plan to crack down further on overseas deals
Officials at the banking regulator, the commerce ministry … the property-to-film conglomerate Dalian Wanda and Anbang Insurance Group. Beijing’s stepped up deleveraging campaign, as part of efforts to control debt risk to the broader financial…
Bank body sees steady year ahead
“China’s steady and upbeat economic conditions, prudent and neutral monetary policy and the banking industry regulator’s effective … By the end of 2016, Chinese banks in Beijing had offered 4 billion yuan in such loans.…
How This Silicon Valley Giant Is Backing China’s Tech Ambitions
Qualcomm is providing money, expertise and engineering for Beijing’s master plan to create its own technology … that could enable China to break into the lucrative mainframe banking business. “There’s a great deal of unease…
China’s Resource Diplomacy: It’s not Charity for sure
… bank is highly regarded as a competitor or alternative to the IMF and World Bank. China’s economic clout in Africa has strengthened and there are fears that Beijing would use these development banks as…
UN moves to cut a third of North Korea’s $3 billion annual export revenue over ICBM tests
Carlos Barria/Reuters The draft resolution would also add nine individuals and four entities to the U.N. blacklist, including North Korea’s primary foreign exchange bank, subjecting them … new resolution is adopted as Beijing is still…
China the pillar of BRICS financial cooperation: Expert says
Emmanuel Daniel, chairman of The Asian Banker, in an interview on the sidelines of The Future of Finance China 2017 Summit in Beijing, Aug 3, 2017. [Photo by chinadaily.com.cn] BRICS is an attractive investment proposition…
Fugitive Chinese tycoon’s niece and finance chief guilty of fraud
Xiao Yanling, deputy financial officer of the company … Apart from the cases concerning his company, Guo has been sued by China’s vice minister of housing and urban-rural development Huang Yan, actress Fan Bingbing, journalist…
Tourists opening wallets for travel upgrades abroad
[China Daily] “The middle class … The shift has coincided with the proliferation of travel websites and mobile applications to find travel information and book trips. Take Lily Min, 26, a Hong Kongbased lawyer who…
China to lend Zambia over $280 million to improve telecoms
LUSAKA, Aug 4 (Reuters) – China will lend Zambia $282 million to improve the nation’s telecommunications infrastructure and increase mobile phone usage over three years, the Chinese ambassador said on Friday. Zambia, Africa’s No.2 copper…
China menace triggers call for missile defence shield
The more advanced were solid-fuelled, carried multiple warheads and mounted on mobile launchers. China’s DF-31A missiles had the potential to strike targets in northern Australia and further inland, as could its JL-2 submarine-launched ballistic ……
