Factory output and retail sales also grew less than anticipated, though a rebound in property sales and construction starts is likely to keep China’s overall growth relatively robust and comfortably on target ahead of a…
Monthly Archives For September 2017
China banking sector’s total assets at 239 trln yuan at end-Aug – regulator
BEIJING, Sept 15 (Reuters) – China’s banking sector’s total assets were 239 trillion yuan ($36.6 trillion) at the end of August, the country’s banking regulator said on Friday. China’s commercial banks’ non-performing loans ratio was…
China green car pivot will need state support, GM chief says
In July, Reuters reported global makers were urging China to delay and soften planned quotas for NEVs, which they said would be impossible to meet and would hit their business. Barra added the firm would…
Tillerson presses China to apply oil leverage on North Korea
“That is a very powerful tool and it has been used in the past,” Tillerson said at a news conference. “We hope China will not reject that.” He spoke after talks with Britain and France…
China state-owned telecom privatisation seen as too timid
Shares in state-owned China Unicom, the country’s second-largest telecom carrier, initially soared more than 11 per cent on the back of the company’s announcement last week that it plans to sell $12bn in equity to…
FY2017 EPS Estimates for China Unicom (Hong Kong) Ltd Lifted by Jefferies Group (CHU)
Complete the form below to receive the latest headlines and analysts’ recommendationsfor China Unicom (Hong Kong) Ltd with our free daily email newsletter: China Unicom (Hong Kong) Ltd (NYSE:CHU) – Stock analysts at Jefferies Group…
How These Wireless Communications Stocks are Performing? — Ubiquiti Networks …
On Wednesday, shares in New York headquartered Ubiquiti Networks Inc. recorded a trading volume of 858,043 shares. The stock ended at $57.18, declining 2.01% from the last trading session. The Company’s shares have gained 14.38%…
China internet finance body suggests framework for virtual currencies
SHANGHAI (Reuters) – A senior executive at China’s internet finance body has urged Chinese regulators to create a tougher framework of regulations to support the development of digital currencies amid Beijing’s crackdown on trading on…
Is Russia Pushing Saudi Arabia Out Of Asia?
The deal was no surprise as it came on the heels of a Rosneft announcement regarding the sealing of a strategic partnership deal with CEFC, but it is clearly indicative of a continuing warming between…
China Inc. Gets Private Equity Religion
HNA bought Pactera Technology International Ltd., a Beijing-based information-technology outsourcing services provider, from Blackstone Group in October last year and appointed Goldman Sachs Group Inc. to underwrite an IPO, though Goldman halted work … (…
China’s retail sales up 10.1 pct in August
The Chinese economy enjoyed better-than-expected growth in the first two quarters of the year thanks to debt-fuelled investment in infrastructure and real estate, although warnings of a potential financial crisis have spurred Beijing to clamp…
Asian Market Update – Friday: Coins point higher after turmoil on Thursday following platform closure in China
The IPO of Matrimony.com of up to $78 million was reportedly subscribed … He has been working and traveling in Asia for several years, and is currently based out of Beijing, China. He mainly follows…
On the Front Line of China’s Chat Sticker Industry
In 2015, Line’s stickers accounted for US$268 million in revenue, according to the company’s 2016 IPO filing. Line Friends has since … A telling example is Block 12 Culture, a Beijing-based intellectual property incubator specializing…
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