Even as e-commerce and other hi-tech innovations have cranked out a new generation of billionaires, property moguls are still among China’s ultra rich, including one long-time survivor and nimble expe… ( read original story …)
Monthly Archives For November 2018
Regulator steadily opens financial sector
Since the beginning of the year, the regulator has made a series of opening-up efforts. [Photo/VCG] China further opened its financial sector to foreign investors, with the banking and insurance regul… ( read original story…
How Cheap Labor Drives China’s A.I. Ambitions
In China, long the world’s factory floor … when many migrant workers come home. Unlike workers and business around the world, Mr. Yi isn’t worried that A.I. will take his job. “The machines aren’t s……
One of China’s Richest Women Transfers $7 Billion Stake in Property Giant
One of China’s richest women is transferring a piece of her property empire to a trust linked to her daughter. A discretionary trust set up by Longfor Group Holding Ltd.’s chair, Wu Yajun, 54, will…
Dolce & Gabbana fiasco shows importance, risks of China market
“Without China, the hinterland for growth, D&G will obviously be in a weak competitive position and in danger of being eliminated,” the Chinese business magazine New Fortune said in a social media pos… ( read…
DealBook Special: China Means Business
The Chinese economy has grown so fast for so long it is easy to forget how unlikely its metamorphosis into a global powerhouse was, and how much of its ascent was improvised and born of…
Beijing seeks to build ties with Taiwanese cities after ruling party suffers election defeat
Beijing said on Sunday it would welcome more cooperation between Taiwan’s cities and prefectures and the mainland after the island’s independence-leaning ruling party suffered a local election reverse … ( read original story …)
China grants market access to two more foreign financial institutions: regulator
SHANGHAI (Reuters) – China has given the go-ahead for two more foreign financial institutions to set up local subsidiaries, the country’s banking and insurance regulator said in a notice on Sunday, br… ( read original…
China courts potential allies in trade war with US
China is expected to use the G20 summit in Argentina this week to show that it is successfully cutting its reliance on exports — part of an attempt by Beijing to deprive the Trump administration…
China lauds voters after defeat of Taiwan’s ruling party
In the run-up to the elections, Tsai and her government said China was trying to sway voters with “political bullying” and “fake news”, accusations Beijing denied. DPP Secretary General Hung Yao-fu, a… ( read original…
The $200 trillion gold rush that has reshaped private banking
Looming over this gold rush is the end of the central bank stimulus that drove so much wealth creation. Interest rates are rising in the U.S.; China is seeking to curb a record borrowing binge.…
UFC Beijing Preliminary Card Results and Recap
The UFC made its return to mainland China on Saturday, making its debut in Beijing, where Curtis Blaydes vs. Francis Ngannou 2 topped the UFC Fight Night 141 card. For much of North America, UFC…
UFC Beijing Bonuses: Ngannou, Jingliang Cash In
Headliner Francis Ngannou and popular Chinese welterweight Li Jingliang were among the bonuses winners at UFC Beijing on Saturday. UFC Beijing had come and gone before some fans in the west even rolle… ( read…
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