Quoting the document submitted to the EU by EBMA, China counters a claim that electric bikes are a European invention and one therefore the business is entitled to defend. The EBMA’s stance, says the opening…
Monthly Archives For November 2017
China criticizes unilateral action after NK sanctions
China is North Korea’s main source of trade … the companies accused of trading with North Korea will be barred from holding U.S. assets or doing business in the United States. That followed President Donald…
Chinese shadow banking has slowed — but that’s not as good as it seems
That was just the latest stage of a crackdown from Beijing that has begun to show some signs of success. Broad shadow banking levels “barely grew” to 64.7 trillion Chinese yuan ($9.72 trillion) at the…
Beijing throws cold water on China’s fintech IPO wave
China has halted all approvals for new online lending companies, sending a chill through the country’s fast-growing fintech sector, which has produced some of the biggest and most well subscribed offshore listings this year. The…
China-based Companies Seek IPOs as Markets Reach All-time Highs
Bob McCooey, Nasdaq’s Chairman of Asia Pacific and Global Head of Capital Markets, spoke with CNBC Asia’s Squawk Box program on November 16. He discussed the YoY increase in China-based Initial Public Offerings in the…
New IPOs launched on Chinese mainland reaches record high
A total of 385 enterprises have issued IPOs, or initial public offerings, on China’s A-share market since the beginning of the year, beating the previous record of 344 in 2010. Together, they have grossed 194.4bn…
China’s CEFC denies links to alleged Africa bribery plot
A Chinese energy company has denied it had anything to do with a multimillion dollar bribery scheme that U.S. prosecutors say was organized by two businessmen to secure business from African officials on its behalf.…
China/US trade war looms as Trump administration pivots
or take unilateral actions like sanctions against China,” said Anna Ashton, director of business advisory services at the Washington-based US-China Business Council. “If the government were to take unilateral actions, then there will be a…
China’s former internet czar faces corruption probe
we welcome you and your growth in China.” Lu, 57, was a vice mayor of Beijing before being named the country’s top internet regulator in 2013. He started his career as a journalist, and rose…
Air China indefinitely suspends flights between Beijing and Pyongyang
TAIPEI/BEIJING (Reuters) – Air China Ltd has indefinitely suspended flights between Beijing and Pyongyang, citing poor demand as North Korea faces growing sanctions from the United States over its nuclear weapons and missile programs. An…
Guaranteed repayment – the wild financial game no Chinese bank can afford to lose
China’s central bank is trying to smash the tacit rule of “guaranteed repayment” in the US$15 trillion asset management industry, but analysts say few financial institutions – especially banks – can afford to let their…
BRIEF-China Oceanwide International Financial says unit to buy senior notes for US$120 mln
Nov 22 (Reuters) – China Oceanwide International Financial Ltd: * Unit to purchase senior notes for US$120 million with coupon interest rate of 8.5 pct per annum Source text for Eikon: Further company coverage: Our…
Beijing detains 18 after apartment fire: Xinhua
SHANGHAI (Reuters) – Police in Beijing have detained 18 people following a fire that killed 19 people and injured another eight on Saturday evening, the state news agency Xinhua reported late on Monday. The fire…
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