BEIJING (Reuters) – China could implement a property tax in the “near future,” Huang Qifan, deputy chairman of the economic and finance committee under the National People’s Congress, said at a conference on Thursday. Huang…
Monthly Archives For November 2017
China finance official: China property tax likely in next few years
BEIJING (Reuters) – China could implement a property tax within the next few years, Huang Qifan, deputy chairman of the economic and finance committee under the National People’s Congress, said at a conference on Thursday.…
China imposes new rules on policy banks to curb risks
For the first time, the China Banking Regulatory Commission (CBRC) will impose specific rules designed in part to reduce financial risk at three banks tasked with funding Beijing’s pet projects and supporting Chinese companies abroad.…
China government official warns of bubble risks in financial sector
BEIJING (Reuters) – China’s financial sector faces bubble risks, a government official warned on Thursday and said a property tax may be on the cards in the near future as authorities extended their efforts to…
China sets new rules for policy banks to curb risks
SHANGHAI (Reuters) – China’s banking regulator has set new rules for the country’s three policy banks to help rein in risks amid a broader tightening of controls over the financial sector. The new rules require…
China announces special rules on policy banks
China’s banking regulator released special rules for the country’s three policy banks for the first time on Wednesday, featuring a capital restraint mechanism to strengthen risk control. Since their establishment in 1994, there have been…
BOC to open private banking arm in London
The Bank of China on Tuesday became the first Chinese bank to launch private banking services in London, in a bid to tap into the burgeoning pool of wealthy individuals living in and traveling to…
China’s Beihang Unmanned Aircraft System Technology unveils TYW-1 strike-capable UAV
China’s Beihang Unmanned Aircraft System Technology unveiled on 13 November its TYW-1 strike-capable reconnaissance unmanned aerial vehicle (UAV) and what appeared to be a new version of the BZK-005 multirole medium-altitude long-endurance (MALE) UAV at…
China is about to take the entire global economy for a wild ride
The question is whether or not the Chinese government will solve this problem the way it always has — by making credit easier and putting aside the business of reform. The way the rest of…
Jessica Rudd steaks her claim on China
AACo’s new recruit, Jessica Rudd, is also the owner of Jessica’s Suitcase, an online business selling infant products and food and health supplements into China. Photo: Glenn Hunt Ms Rudd has more to her CV…
Shanghai Pharmaceuticals buys out Cardinal Health in China to become top distributor of imported drugs
After deducting amounts owed to its original shareholders and debt holders, and other accounting adjustments, the amount Shanghai Pharmaceuticals Holding will pay to fully buyout Cardinal’s China business is US$557 million. The acquisition will help…
Shanghai Pharma buys US Cardinal Health’s China business for $557 million
Deal gives the China business $1.2 billion enterprise value Shanghai Pharma keen to expand network nationwide Cardinal Health put business up for sale due to rule changes U.S. private-equity firm Warburg Pincus among bidders-sources Shanghai…
Manulife launches wholly-owned investment business in Shanghai
Canadian asset manager Manulife Asset Management on Wednesday launched a wholly-owned investment business in Shanghai and welcomed Beijing’s steps to raise limits on foreign ownership in the finance sector. Last Friday, China said it planned…
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