The federal government will impose new restrictions on how small-business owners can divide income among family members as of Jan. 1, even though the promised details haven’t been released. Small-business owners are increasingly concerned that…
Monthly Archives For December 2017
Hebei Construction US$297m IPO is first in Hong Kong to target China’s massive Xiongan project
Xiongan New Area, established in April and just a couple of hours south of Beijing, is part of China’s efforts to … plans to issue 433.334 million shares in the Hong Kong IPO, with an…
Micro-lender China Rapid Finance spots opportunity in new rules
BEIJING (Reuters) – China Rapid Finance will make any adjustments needed to its business practices and the fees it charges in response to Bejing’s new requirements to clean up fast-growing online micro-lenders, its chief executive…
Canada, China delay launch of trade talks as Trudeau continues state visit
“China is very aware that this is a precedent as they move forward with the first trade deal with a G7 country and there is a desire that we get it right,” Trudeau said. “There…
Chinese smartphone maker Xiaomi is eyeing a $50 billion IPO: Report
Chinese smartphone maker Xiaomi is eyeing a $50 billion IPO as early as next year, according to a report from Bloomberg. The Beijing-based company has picked up momentum to challenge phone competitor Huawei in its…
Canada-China free trade talks in limbo in Beijing
The fate of expected free trade talks between Canada and China is now uncertain after Prime Minister Justin Trudeau emerged from a meeting with Premier Li Keqiang Monday to announce the two countries will merely…
Special Report: Hidden peril awaits China’s banks as property binge fuels mortgage fraud frenzy
SHANGHAI/HONG KONG/BEIJING (Reuters) – When Zhu Chenxia bought a flat early last year from Lei Yarong in the up-market Nanshan district of China’s southern metropolis of Shenzhen, the two women drew up three purchase agreements…
Threat of Canadian financial crisis eases (but don’t take that to the bank)
And quarterly results from DAVIDsTEA Inc., Canadian Western Bank and Dollar General Corp. Friday: … and sympathy Have some sympathy for Mr. Trump as China reports its latest trade numbers, frequently cited as an irritant.…
In mortgage fraud frenzy, China’s banks face a hidden danger
The higher valuation convinced the Bank of China to lend Zhu 4.85 million yuan, leaving the lender less buffer against a price drop. Details of the deception are contained in a court judgment from a…
China Education Group seeks HK$3.4 billion from IPO, eyes acquisitions in Europe and UK
China Education Group, a leading higher private education provider, said it was seeking an initial public share offer of up to HK$3.4 billion (US$435 million), with part of the proceeds to be used to acquire…
Canada, China delay launch of trade talks
Premier Li Keqiang lauded the “golden age” of relations with Canada and said China was amenable to continuing exploratory trade talks. The two countries have spent months in exploratory talks that have taxed China’s patience…
Apple, Google at China internet fest shows lure of market
director of the University of Nottingham’s China Policy Institute. “There has never been a time when an American company is less likely to be called out by the White House for pursuing a business-first approach,”…
China says 2018 growth target to reflect new changes in economy
China’s economic growth target for 2018 will reflect new changes in the economy as the government put more emphasis on higher quality development, the State Council Information Office said on Monday. The government will set…
