“To be honest, Chinese enterprises buying Canadian oilsands enterprises are actually incurring (a) loss,” Ambassador Lu Shaye told the Canada China Business Council on Wednesday, according to a copy of his speech. “Canadian oilsands is…
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Trade minister courts China for softwood as US announces duties on Canadian lumber
… experienced China watchers say Canada needs a coherent plan to meaningfully engage with China, and has to avoid sporadic overtures of interest in doing business there when it runs into trouble with the United…
Air China says Beijing green-lights ownership reforms of cargo business
SHANGHAI Air China Ltd has received the green light from Beijing to push ahead with mixed-ownership reform of its air freight logistics business, the firm said late on Friday, signaling a potential shake-up of China’s…
China’s booming grubby business of doctoring peer reviews for medics and scientists
“Ghost” agencies that help doctors and academics publish research papers by providing them with phoney peer reviews have become a booming industry on the mainland. The clients of these shady agencies include researchers at top…
China Inc’s supreme dealmaker takes up one more challenge
You need to provide them support, and give them training,” said Peng. “Because I was dealing with very grass roots, small businesses, it helped me understand business in China better.” That personal touch continues with…
Property boom creating China’s great divide
An epic property boom restricted to city dwellers has opened a wealth gap that continues to widen in China, setting back a state campaign to ease poverty and shunting rural dwellers from the middle-class dream.…
Overseas entities held $120.6 billion of China bonds at end-March: central bank
BEIJING China’s central bank said on Tuesday that overseas entities held 830.2 billion yuan ($120.6 billion) of domestic bonds as of end-March, up from the previous month’s 815.3 billion yuan. Overseas entities also held 776.8…
ING to participate in Bank of Beijing share offering
ING intends to participate in the private placement by Bank of Beijing which today filed its intention to issue approximately 2.4 billion ordinary shares to raise up to approximately RMB 24 billion (approximately EUR 3.2…
Is China on the verge of a banking crisis?
Damian Tobin receives funding from the Economic and Social Research Council but any views expressed here do not reflect those of the research councils. A variety of indicators suggest that China has come perilously close…
China cracks down on regulators jumping ship to banking jobs
China is attempting to shut a revolving door that allows financial regulators to jump ship to private companies by restricting the movements of officials after they leave their posts. The China Banking Regulatory Commission (CBRC),…
Banking regulator vows to keep property financing in line
China’s banking regulator has instructed banks to control credit growth to the country’s booming real estate sector, intensifying caution against an over-heated market. Banks should ward off concentration risk in property sector, while stemming illegal…
IPO delay lifts spotlight off China's shadow banks
This is a pity. The initial public offering would have helped investors and regulators decipher the high-yielding trust products at the core of China’s intricate shadow-banking industry. Graphic: On the rise: reut.rs/2oZAEpU In October, the…
China won't let its construction crews work in West Bank
BEIJING – China is not allowing Chinese construction crews to work in the West Bank because it opposes Israeli settlements in what it considers occupied Palestinian territory. Israel officials said Sunday they had signed a…
