BEIJING: China’s banking regulator has introduced steps to cut the red tape for foreign banks, state media agency Xinhua said on Saturday, as part of the government’s ongoing effort to promote investment in the country’s…
Monthly Archives For February 2018
Nokia and China Mobile to jointly explore use of 5G to drive new business opportunities for vertical industries
Companies to collaborate with focus on delivery of services for verticals leveraging key growth areas of smart cities, smart transportation and intelligent video analytics Extends existing 5G collaboration, with China Mobile’s 5G innovation lab to…
Chinese banks poised for better times thanks to rising interest income, analysts say
Morgan Stanley estimates net interest margins at Ping An Bank and Beijing-based Hua Xia Bank dropped by 35 and 38 basis points respectively last year. In contrast, Postal Savings Bank of China, which has a…
No NHL, no problem for Pyeongchang — but what about Beijing?
Nothing can replace best-on-best in any sport. But as exciting as Canada’s win was in 2010 with Sidney Crosby’s golden goal against the United States, this country’s successful gold-medal defence four years ago was a…
Pyeongchang hands off Winter Games to Beijing
PYEONGCHANG, Korea, Republic Of — The Latest on the Pyeongchang Olympics (all times local): 9:20 p.m. IOC President Thomas Bach has handed off the Olympic flag to the mayor of Beijing, Chen Jining, symbolising the…
Growing pains: China’s property cooling measures will stabilise economy for long-term growth
China, in the past two years, has issued stricter policies to control its real estate market. Many local governments have limited property purchases and restricted the resale of newly bought properties within two to five…
China could change constitution to pave way for Xi Jinping to serve beyond 2nd term
carried by state news agency Xinhua, gave few details. It said the proposal had been made by the party’s Central Committee, the largest of its elite ruling bodies. The proposal also covers the vice president…
Anbang takeover puts China’s companies on notice
“I think any private players in the financial sector who are big enough to potentially be a headache for the government and who have had regulatory problems must be worried,” said Andrew Gilholm, director of…
Beijing protests US sanctions on Chinese firms over N. Korea ties
Beijing has protested against Washington’s decision to impose sanctions against Chinese companies accused of conducting illicit economic deals with North Korea, the foreign ministry said. US President Donald Trump on Friday announced measures targeting ……
Faux snow: Man-made snow to be used in Beijing and beyond
The forecast for the next Winter Olympics: cold with a 100 percent chance of fake snow. In other words, a lot like the Olympics which wrap up Sunday in South Korea. Though freezing temperatures and…
China prolongs preparation period for IPO reform
BEIJING, Feb. 24 (Xinhua) — China’s top legislature decided to prolong a mandate, which allows the State Council to prepare for reforms that will change the stock listing system from approval-based to registration-based, for another…
China: New US sanctions threaten cooperation over North Korea
China has demanded the US reverse its decision to impose fresh … very unfortunate for the world”, Reuters news agency reported. The announcement comes two months after the UN Security Council said it was imposing…
TABLE-China property price changes in January
BEIJING, Feb 24 – Following is a breakdown of average new home price changes in major Chinese cities in January, announced by the National Bureau of Statistics on Saturday. Home price figures published since January…