In a surprise move, and timed with U.S. President Donald Trump’s state visit, China said it would scrap foreign ownership limits for banks and asset management firms. Asia’s biggest economy has been talking about opening…
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China minister reveals roadmap for property tax
SHANGHAI: China’s finance minister, Xiao Jie, recently outlined the principles and roadmap in relation to rollout of a property tax. The message was included in a book that was published to help the public understand…
Chinese Military to Develop Third Aircraft Carrier After Technology Breakthrough
China will now be able to move ahead with its third aircraft carrier, after it announced a breakthrough on technology for launching aircraft. The new technology would be the most advanced jet launch system in…
China to ease ownership limits on foreign joint ventures in finance sector
… since 2007 when foreign banks were allowed to set up locally incorporated operations in China. Foreign players in the insurance and investment banking businesses are obliged to operate through joint ventures with domestic companies,…
Cubist Systematic Strategies LLC Has $261,000 Holdings in China Unicom (Hong Kong) Ltd (CHU)
Complete the form below to receive the latest headlines and analysts’ recommendationsfor China Unicom (Hong Kong) Ltd with our free daily email newsletter: Cubist Systematic Strategies LLC grew its stake in China Unicom (Hong Kong)…
China news site to pay $1bn for lip-syncing music video app
The owner of Chinese news aggregator Toutiao has agreed to pay as much as $1bn for Musical.ly, the maker of a social media app that specialises in lip-sync music videos. According to people familiar with…
China Eases Limits on Foreign Stakes in Financial Firms
They have also been distracted by domestic issues and other trade issues. Some international banking acumen may be welcome in China. The country’s state-controlled banking system has lent heavily to state-owned companies and affiliates of…
Trump took the gloves off on trade, the South China Sea, and investment just hours after he left Beijing
President Donald Trump leaves Beijing for Vietnam on Air Force One. Thomson Reuters President Donald Trump just left China after a pleasant, uncontroversial visit. But as soon as he landed in Vietnam, he slammed China…
China’s new passenger jet finishes first long-haul flight
BEIJING — China’s homegrown passenger jet touched down safely after its first long-haul test flight on Friday, bringing the nation one step closer to competing directly with aircraft giants in Europe and America. China hopes…
China widens foreign access to its giant financial sector
They will take effect immediately following the drafting of specific related rules, Zhu told a news conference, adding China is “formulating a timetable and roadmap for financial sector reform and opening up”. The foreign business…
China uncovers almost 1,600 U.S.-related intellectual property infringements this year
BEIJING (Reuters) – China has detected more than 1,560 cases of intellectual property infringement involving goods exported to the United States during two joint China-U.S. crackdowns this year, the Asian giant’s customs agency said on…
China Big Bang Moment Opens Banks, Funds to Foreign Control
Policy makers had been hinting at an opening in recent months. Just yesterday, China’s Foreign Ministry said entry barriers to sectors such as banking, insurance, securities and funds would be “substantially” eased “in accordance to…
China’s IPO approvals nosedive as regulator raises review threshold
It has been a week of rejections where China’s securities regulator would have set a record of vetoing companies seeking to list. The new listing committee under the China Securities Regulatory Commission (CSRC) rejected three…
