(CNN)Antagonistic statements by top media and political figures in Australia and China have undermined attempts by Canberra to rebuild its relationship with Beijing after months of diplomatic tension. Chinese state media tabloid Global Times, known…
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China’s CBIRC Announces New Measures To Open Up Banking And Insurance Sectors
To further implement President Xi Jinping’s pledges for China to open up its financial sectors to foreign investment, the new China Banking and Insurance Regulatory Commission (“CBIRC”), which was established on 8 April 2018 through…
Bank of China and Qoo10 unveil co-brand credit card
Bank of China Singapore Branch and Qoo10 Singapore have tied up to launch a co-brand Mastercard credit card, which caters to both working adults and students. The Bank of China Qoo10 Mastercard card aims to…
Fujian ramping up efforts to strengthen homegrown brands
[Photo/Xinhua] As China calls for higher-quality development, Fujian province is ramping up its efforts to enhance homegrown brands amid the country’s broader push to build awareness of its own products. At the first Exposition on…
Tesla trims up to $14,000 off Model X in China after tariff cuts
China said on Tuesday it will cut import tariffs for automobiles to 15 percent from 25 percent, a fillip for premium car brands like Tesla and BMW (BMWG.DE) which import a significant number of vehicles.…
China cutting auto import taxes as of July 1
Beijing used tariffs and other curbs over the past three decades to prod global auto brands to shift production to China and help develop the local industry. China is the world’s biggest auto market by…
China’s move to cut tariffs won’t help U.S. carmakers
China’s move to reduce tariffs on imported cars to 15 percent makes little difference to U.S. automakers. Traditional Detroit brands like Lincoln and Jeep collectively exported fewer than 100,000 vehicles to China last year. The…
Bank of China partners Qoo10 to launch new co-brand Mastercard credit card
Bank of China Singapore Branch (BOCSG) has launched a co-brand Mastercard credit card with Singapore’s largest online retailer Qoo10. Bank of China Singapore Branch (BOCSG) has launched a co-brand Mastercard credit card with Singapore’s largest…
Foxconn’s unit targets raising $4.3 billion in biggest China IPO since 2015
TAIPEI/SHANGHAI (Reuters) – Foxconn Industrial Internet (601138.SS), a subsidiary of the world’s largest contract manufacturer Foxconn (2317.TW), announced plans to raise up to 27.1 billion yuan ($4.26 billion) in what will be mainland China’s biggest…
Discussing the intent of reforms in China’s financial sector
Chantal Grinderslev of Z-Ben Advisors says reforms in China’s financial sector are intended to allow foreign firms to enter the country to adapt and grow with the market “alongside” domestic competitors. ( read original story…
Foxconn unit aims to raise $4.3 billion in biggest China IPO since 2015
TAIPEI/SHANGHAI (Reuters) – Foxconn Industrial Internet (601138.SS), a subsidiary of the world’s largest contract manufacturer Foxconn (2317.TW), said it plans to raise 27.1 billion yuan ($4.26 billion) in what will be the biggest Chinese initial…
Xiaomi’s IPO Will Make Dozens of Lucky Workers Millionaires
Read More: In IPO Letter, Xiaomi CEO Explains Innovation at ‘Honest … Co. and Huawei Technologies Co. He would host smoke-and-booze-filled meetings at Beijing hotels, showing up with bags of cell phones and gadgets for…
China lowering auto tariffs is no ‘breakthrough’ in tense trade talks with US
China’s move to lower tariffs on imported autos and vehicle parts is a step in the right direction, but it’s a tiny one. The news China would lower tariffs on some imported vehicles by 10…
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