But China’s national oil companies still have plenty of ground to cover before they even approximate the level of success America’s shale pioneers have achieved, reports energy research firm Wood Mackenzie. Over the last decade,…
Monthly Archives For April 2018
Rise of Xiaomi: how humble Chinese start-up became a giant poised to be 2018’s biggest IPO
I think Xiaomi’s business model is very different from theirs, even if it has absorbed some of their uniqueness Lei Jun China’s securities regulator showed its goodwill by approving a 27 billion yuan IPO application…
Whiskey sour? China importers fret over U.S. trade battle
The uncertainty gripping the niche market – U.S. whiskey imports to China were worth only $8.9 million last year – reflects the wider concern in the U.S. business community in China that the trade standoff…
More China bank reserve cuts on the cards as PBOC seeks to prevent slowdown
BEIJING (Reuters) – The unexpected decision by China’s central bank to cut the amount of cash that lenders must keep in reserves is unlikely to be its last such move given the growing concerns about…
China flexes military muscle in waters near Taiwan
China’s navy is holding live-fire exercises near Taiwan on Wednesday in a warning to the democratic, self-ruled island against what Beijing describes as “dangerous” remarks on independence. Few details about the drills in the Taiwan…
China fights big smog with big air purifier
China has a found a novel way to tackle its massive air pollution problem: Putting up a giant air purifier the size of an industrial smokestack in the middle of a smog-plagued city. Instead of…
China’s JD.com makes push to lure European luxury brands
MADRID (Reuters) – Chinese e-commerce company JD.com made a pitch on Wednesday to attract more European luxury brands to its site, saying it can offer faster delivery and better protection against fakes than bigger rival…
Senior bank regulatory official to be named China Huarong chairman: sources
BEIJING (Reuters) – A senior official at China’s banking regulator is set to be named chairman of China Huarong Asset Management Co Ltd (2799.HK), replacing the former head who is under investigation for alleged corruption,…
HK stocks end higher as China’s RRR cut aids financial shares
April 18 (Reuters) – Hong Kong stocks rose on Wednesday, breaking a four-day losing streak, as China’s surprise cut in banks’ reserve requirement ratios buoyed financial shares. ** The Hang Seng index rose 0.7 percent,…
Asian development bank will help lure infrastructure cash to Canada: president
The Beijing-based multilateral development bank will bring a number of economic benefits to Canada and lift the international profile of the Trudeau government’s own $35-billion infrastructure bank among investors, Jin Liqun said in an interview.…
China central bank cuts reserve requirement by 100 bps for most banks
China’s central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks must hold as reserves to pay back loans obtained via its medium term lending facility. The move…
Central bank moves to cut lenders’ funding costs
China’s central bank announced a cut in some financial institutions’ reserved cash amount by 1 percentage point from April 25 to support small and micro enterprises and stabilize liquidity in the banking system, according to…
China stocks open higher after surprise RRR cut
SHANGHAI, April 18 (Reuters) – China stocks opened about 1 percent higher, led by the financial sector, after the central bank said it would cut banks’ reserve requirements in a surprise move seen as supporting…
