An initial public offering (IPO) of the assets could take place in the second half … The firm’s upstream business has struggled in recent years. As such, the Beijing-based firm has begun to move away…
Monthly Archives For October 2017
Beijing car-sharing firm Ezzy crashes, leaving customers fuming and out of pocket
A Beijing-based electric vehicle-sharing company that launched just 18 months ago appears to have gone bust, leaving customers clamouring to get back their deposits. The business, based around the Ezzy app operated by Beijing Da…
‘Golden Arches’: McDonald’s gets new China name following unit sale
SHANGHAI (Reuters) – U.S. fast food giant McDonald’s Corp (MCD.N) is getting a name change in China – at least on paper. The firm will change its registered business name to “Golden Arches (China) Co…
China Unicom, Tencent partner on cloud computing, network services
China Unicom and Tencent have announced they will leverage their respective capabilities in communications, cloud computing and network security, and mutually open up these resources to build a “cloud, pipe, terminal” internet industry ecosystem platform.…
Women fail to crack China’s glass ceiling as party picks new leaders
BEIJING (Reuters) – Every time China’s ruling Communist Party convenes a major gathering, like the congress that just ended in Beijing, the list of delegates is hand-crafted in part to burnish the party’s image as…
Xi has prepared China for a future that is both clear and dark
China’s President Xi Jinping has more power than any leader in decades, and no plans to cede it. It is a power he will have to use to face one of the biggest financial challenges…
China’s Xi Jinping grows in power and influence, prepares to ‘act big’
He has filed stories from every continent for CBC News. Instagram: @sasapetricic Xi Jinping may have opened China’s Communist Party Congress as “first among equals,” but he walks away as much more than that. He’s…
China looks to create chip dominance by expanding investments in futuristic tech
China is trying to reduce a reliance on some $200 billion of annual semiconductor imports, which it fears undermines both national security and the development of a thriving technology sector. Overall, Beijing envisions spending about…
BRIEF-China Industrial Securities International Financial expects to record increase in 9-mnth net profit attributable
* Expected result due to boosted securities market sentiment in Hong Kong being relatively active Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China’s Xi unveils new leaders but no obvious successor
Add China as an interest to stay up to date on the latest China news, video, and analysis from ABC News. China’s ruling Communist Party on Wednesday elevated five new officials to assist President Xi…
China to tweak property price methodology to address ‘new challenges’
BEIJING (Reuters) – China will make changes to the methodology for calculating its housing price index as the current system has encountered “new challenges”, the Statistics Bureau said on Wednesday. Li Xiaochao, deputy director at…
OTP Bank opens Beijing office, linking Chinese partners and authorities
Sándor Pataki, director of investor relations and debt and capital markets department of OTP Bank Plc, delivers a speech at the opening ceremony of the bank’s Beijing representative office Oct 24, 2017. [Photo by Tan…
China congress: No heir apparent as Xi reveals top leadership
Several international news organisations, including the BBC, Financial Times and The New York Times were denied access to the announcement, at Beijing’s Great Hall of the People. The Foreign Correspondent’s Club of China said in…
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