The Cabinet planning agency retained a ban on foreign ownership in publishing, internet news services, film and TV and restrictions on oil and gas exploration and telecoms. China is “attempting to show it is indeed…
Monthly Archives For June 2018
Xiaomi Prices Hong Kong IPO at Bottom of Target Range
Xiaomi shares will begin trading in Hong Kong on July 9. Beijing-based Xiaomi hoped to raise up to $6.1 billion from its IPO before trading started. The pricing gives the company a market valuation of…
China sends mixed signals on U.S. trade war
Yahoo Finance’s Melody Hahm, Editor-in-Chief Andy Serwer, Jared Blikre and Julia La Roche discuss today’s big stories. Today’s topics include: ( read original story …)
China Tower wins approval for Hong Kong IPO of up to $10 billion: sources
HONG KONG (Reuters/IFR) – China Tower, the world’s largest mobile mast operator, has won approval in Hong Kong for an IPO that could raise up to $10 billion, according to people familiar with the situation.…
Trade War Punctures China’s Pride in Its Technology
BEIJING—To the list of casualties in the trade battle between the U.S. and China add another: Chinese chest-thumping about the country’s prowess in innovation. More sober assessments of China’s technological capabilities have emerged from China’s…
JPMorgan goes on a hiring spree to retool its China banking team for serving technology unicorns
JPMorgan Chase & Co. said it’ll go on a hiring spree over the next three years, as it reorganises its China investment banking team into additional categories to serve so-called new economy companies that are…
Trump to use U.S. security review panel to curb China tech investments
Mnuchin had favored a more measured and global approach to protecting U.S. technology, using authority approved by Congress, while White House trade adviser Peter Navarro, the administration’s harshest China critic, had argued for China-specific ……
China’s 84 Questions for Xiaomi Show Hurdles for Tech IPO Plans
The collapse of Xiaomi Corp.’s plan to sell stock in mainland China is an example of Beijing’s ambition getting ahead of its reality. Intransigent regulators, lack of clarity from the central government and a company…
Trump’s Trade Threats Hit China’s Stock Market and Currency
SHANGHAI — Months of struggling with economic problems at home and bickering with President Trump over trade are starting to take their toll on China’s financial health. China’s stock market has now fallen close to…
The Coming Tech Battle With China
But steel is a side show compared with the emerging tech battle with China. Technology will decide which country emerges as the world’s dominant economic power in the long run. While about 20 percent of…
China’s BYD launches world’s biggest battery factory
BYD is building new battery production capacity to take advantage of China’s aggressive new energy vehicle (NEV) push, with the country desperate not only to cut air pollution from traditional combustion engines but also boost…
China defends its post-WTO business record
China on Thursday insisted it has “carried out every promise” made in joining the World Trade Organization as Washington and Brussels push Beijing to do away with protectionist policies. Hitting back at critics like US…
Whack-a-mole: China steps up property market scrutiny in 30 cities
BEIJING (Reuters) – China said on Thursday it would renew efforts to crack down on property irregularities in 30 major cities this year, mobilizing powers from seven major Chinese government agencies in a concerted effort…
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