China is the World Bank Group’s third-largest shareholder, with 4.77 percent of voting power. But China also controls 28.7 percent of the new Beijing-based Asian Infrastructure Investment Bank, which has $20 billion in paid-in capital,…
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BMW eyes China joint venture with Great Wall: source
“Our business development with the joint venture BMW Brilliance Automotive will continue as planned, and we will carry on to invest and develop our joint venture.” A Great Wall official declined to comment. BMW’s China…
China’s Communist Party makes final preparations for key congress
BEIJING (Reuters) – China’s Communist Party opened a meeting on Wednesday to make final preparations for a key party congress later this month, state media said, a five-yearly event where President Xi Jinping is expected…
Is funding drying up for China’s internet finance on tighter scrutiny?
Chinese online lending platforms mostly declined on Wednesday morning in the A-share market, after data showed that the amount of funds raised for China’s internet finance platforms fell for a third straight month in September…
China appoints new top graft-busters at key financial regulators
BEIJING (Reuters) – China’s Communist Party has named new top officials to lead anti-corruption agencies at the country’s banking and insurance regulators as it makes final preparations for a twice-a-decade party congress later this month.…
China Debt-for-Equity Swaps Turn Out More Like Debt-for-Debt
In last month’s operation, Shaanxi Financial Asset Management Co. sold 500 million yuan ($76 million) in six-year bonds in a private placement, China Lianhe Credit Rating said in a Sept. 26 report. The Shaanxi provincial…
Hong Kong regulator expands IPO probe to 15 banks and securities firms
UBS and Standard Chartered are being sued by the SFC for their roles in the 2009 IPO offering of China Forestry Holdings, which was suspended in 2011 and is being liquidated. Standard Chartered closed its…
Chinese youngsters’ favorite streaming site Bilibili plans for IPO
Baidu’s iQIYI, often known as the “Netflix of China”, is also reportedly filling for an IPO in the U.S., according to Bloomberg. No major video streaming sites in China have turned a profit yet. When…
Report: China catching up to US in foreign aid flow
China is close to matching the United States as a source of … The 5-year-old project used a computerized system to look for information from more than 15,000 sources including news reports, Chinese government offices,…
Exclusive: U.S. warship sails near islands Beijing claims in South China Sea – U.S. officials
WASHINGTON (Reuters) – A U.S. Navy destroyer sailed near islands claimed by China in the South China Sea on Tuesday, three U.S. officials told Reuters, even as President Donald Trump’s administration seeks Chinese cooperation in…
Hong Kong football fans defy Beijing with anthem jeers
While US President Donald Trump attacks American football players who fail to stand during the “Star-Spangled Banner”, in Hong Kong it is soccer fans angering the local government — and the Chinese Communist party —…
US warship ‘carries out threatening manoeuvres near Chinese islands’ after Beijing warning
The US is currently seeking China’s help to end North Korea’s missile and nuclear programmes. But despite the push for diplomacy Donald Trump’s administration have risked causing outrage in Beijing after sailing near islands claimed…
Beijing flights from $534 return with Qantas
Hop on over to China. Qantas is running a sale on flights to Beijing. Fares start at $534 for Sydney to Beijing direct and $536 for Melbourne to Beijing, and all flights are under $600…
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