New Delhi: India and China have agreed to allow the 106-year-old Bank of China to open a branch in India. Security clearances for the bank have been given and a notification from the Reserve Bank…
Monthly Archives For June 2018
Amazon supplier under fire for poor China working conditions
The investigation by US-based China Labor Watch found a series of problems including inadequate worker training and overtime pay, excessive overtime hours beyond limits set by Chinese law, and verbal abuse of workers by management.…
Free Power From Freeways? China Is Testing Roads Paved With Solar Panels
JINAN, China — On a smoggy afternoon, huge log carriers and oil tankers thundered down a highway and hurtled around a curve at the bottom of a hill. Only a single, unreinforced guardrail stood between…
China’s CITIC to buy minority stake in Ivanhoe Mines for $723-million
On Monday, Ivanhoe announced it is selling 19.9 per cent of the company by issuing 196.6 million shares in a private placement to CITIC Metal, a subsidiary of CITIC Ltd., China’s largest conglomerate. The shares…
HomeGrid Forum welcomes China Unicom Research Institute and CAICT as new members supporting G.hn in China ahead of CES ASIA 2018
Major research institutes of China are welcomed to HomeGrid Forum as Promoter Members, one year after China Telecom Shanghai Research Institute joined back in July 2017 China Unicom Research Institute is currently working on a…
Foxconn says investigating labor conditions at China factory used for Amazon
NEW YORK (Reuters) – Contract manufacturer Foxconn said on Sunday it is investigating a plant in China that makes devices for Amazon.com Inc , after a U.S. watchdog group criticized what it described as harsh…
IPO Roundup: Seven companies to keep an eye on this week
Far Point Acquisition Corp (NYSE:FPACU) will be the first IPO of the week, pricing its shares on Tuesday … Puxin Ltd (NYSE:NEW) will price its shares at the end of the week. The Beijing-based company…
China’s CITIC to buy Ivanhoe stake for $723-million
A unit of Chinese state-run conglomerate CITIC Ltd will buy a near 20-per-cent stake in Canada’s Ivanhoe Mines for about $723-million, the companies said on Monday. Ivanhoe said it will use the proceeds to advance…
US-China Green Fund, ChangCheng Property invest in smart, green growth
The US-China Green Fund has made strategic investment in property management operator ChangCheng Property Co Ltd to jointly develop green and smart communities, according to the company’s top management. As an investment organization focusing on…
Restrictions failed to stop mainland’s property punters
The argument that it is difficult to cool China’s property market is something that Hongkongers can relate to, as the city too has long been waging a similar battle. The only difference is that Hong…
Chinese property developers bet on higher returns with mezzanine loans
For more than a year, China has limited financing for and capped the selling prices of new apartments to rein in an overheated property sector. That has left many developers, especially small to medium-sized ones,…
China’s major property firms hit one-year low in financing
BEIJING, June 10 (Xinhua) — China’s major property firms saw their financing slump in May as costs rose and the market cooled due to tightened government regulation. Forty major listed property developers obtained 45.1 billion…
African property market spells opportunities while London is for the long-term, says Knight Frank chief
He noted that rising investments in infrastructure generally augur a rise in property values. China’s infrastructure investments in Africa are well known. In June 2017, Kenya opened up a new 470-kilometre rail connection between the…
