Dongguan Rural Commercial Bank fell as much as 17.8% in its market debut in Hong Kong on Wednesday amid waning investor interest in Chinese lenders exposed to the nation’s embattled property …
Monthly Archives For September 2021
Blacklisted China AI Firm Says Just One Unit Subject to Sanction
SenseTime Group Inc., China’s largest artificial intelligence company, said in its filing for an initial public offering in Hong Kong that just one of its subsidiaries is subject to U.S. sanctions, a …
Banks cut China growth forecast as power shortage bites
Analysts at Goldman Sachs cut their 2021 GDP growth forecast to 7.8 per cent from 8.2 per cent, citing “recent sharp cuts to production in a range of high-energy intensity industries.” Last Friday …
China Science Fiction Convention 2021 opens in Beijing
The China Science Fiction Convention (CSFC) opened at Shougang Industrial Park in Shijingshan District of Chinese capital Beijing on Tuesday. Themed “Science and Creating the Future,” the CSFC will …
China vows to keep Taiwan out of Pacific Rim trade group
Beijing said Wednesday it will block Taiwan’s application to join a Pacific Rim trade initiative, citing as its reason the island’s refusal to concede that it is a part of China. The Cabinet’s Taiwan …
China Money Network Unveils Corporate Brand Upgrade As FutureLogic
FutureLogic will fold numerous business units under its umbrella including China Money Network, Caishen.co, China Money Podcast and more HONG KONG, Sept. 29, 2021 /PRNewswire/ — China Money Network …
Taipei’s bid to join transpacific trade pact could be held hostage by Beijing
Taiwan’s longtime president Tsai Ing-wen made a move leading her back to the beginning of her career when she was trade negotiator: by applying to join the Comprehensive and Progressive Agreement for …
China: Big spender or loan shark?
China hands out at least twice as much development money as the US and other major powers, new evidence shows, with most of it coming in the form of risky high-interest loans from Chinese state…
Before China Evergrande neared collapse, its soccer team chased global glory
Until recently, the story of Evergrande for many non-Chinese outsiders was not about the fortune and misfortune of a sprawling real estate empire — but of a soccer team.
China’s ‘demolition’ of Evergrande halts housing boom to curb risky business
The knock-on effects of slower Chinese growth would be felt around the world, though so far financial fallout seems likely to be contained.
China Evergrande to sell $1.5 bln stake in Shengjing Bank to state firm
Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake in Shengjing Bank Co Ltd to a state-owned …
China rolls out small GEO satellite platform for emerging markets
ZHUHAI, Guangdong – China on Tuesday rolled out a small geostationary earth orbit (GEO) satellite platform, DFH-3E, at the ongoing 13th China Internationa. Compatible with low-cost launch vehicles, …
China’s Xi Calls For More R&D Spending and High-Tech Talent
President Xi Jinping is targeting a significant boost in the number of core technology professionals and research and development spending in China by 2025, as the country bids to enhance its …
