China just announced new rules that will allow foreign banks to take full control of their operations in the country. One bank is already taking the plunge. Switzerland’s UBS (UBS) said Thursday that it would…
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China’s Xiaomi picks Hong Kong for $10 billion IPO, lifts lid on financials
BEIJING/HONG KONG (Reuters) – Chinese smartphone and connected device maker Xiaomi [IPO-XMGP.HK] is bringing its blockbuster initial public offering to Hong Kong, where it could raise about $10 billion in the largest listing globally in…
U.S. trade team arrives in Beijing for talks, China media cautious
BEIJING (Reuters) – A U.S. trade delegation arrived in China on Thursday for talks on tariffs, with state media saying China will stand up to U.S. bullying if need be, but it was better to…
How long before China’s massive debt, shadow banking, ghost cities, and massive loans break the nation apart?
Discover a card with a $0 annual fee & double cash back rewards. The highest paying cash back card has just hit the market. “So the CIA can’t read the tables properly because they don’t…
Housing prices along China’s border with North Korea have skyrocketed since Kim Jong Un’s visit to Beijing
Housing prices in China’s border city Dandong have skyrocketed, particularly since Kim Jong Un visited Beijing in March. Prices and sale rates are booming, with local housing applications exceeding processing limits. Three-quarters of China’s trade…
Peppa Pig wins street cred, attracts censors in China
Cherubic British cartoon character Peppa Pig has become an unlikely target of China’s censors as fans use her porcine likeness in rap videos and “gangster” tattoos. The bright pink swine’s subversive alter-ego has made her…
The Latest: US officials arrive in Beijing for trade talks
BEIJING (AP) — The Latest on China-U.S. trade talks in Beijing (all times local): 11:15 a.m. U.S. officials say a delegation led by Treasury Secretary Steven Mnuchin has arrived in Beijing for talks on a…
Chances for U.S.-China trade breakthrough seen slim in Beijing talks
WASHINGTON/BEIJING (Reuters) – The most likely outcome for tense … Mnuchin and new White House economic adviser Larry Kudlow are seen as likely to favor a package that keeps financial markets on an even keel…
UBS Becomes First Global Bank to Take Advantage of China Opening
UBS Group AG submitted an application to acquire a majority stake in its Chinese securities venture, becoming the first global bank to take advantage of Beijing’s latest commitment to open its financial markets to foreign…
The Latest: Trump tweets ties with China will stay ‘great’
45 a.m. President Donald Trump has said on Twitter that he expects to maintain smooth relations with China. “Our great financial team is in China trying to negotiate a level playing field on trade! I…
China’s Xiaomi files for mega Hong Kong tech IPO, lifts lid on financials
BEIJING/HONG KONG (Reuters) – Smartphone and connected device maker Xiaomi [IPO-XMGP.HK] filed for a Hong Kong initial public offering on Thursday that could raise $10 billion and become the largest listing by a Chinese technology…
China is pressuring international airlines to copy its political views
According to the Sydney Morning Herald, the correspondence was sent last month and requested changes to mentions of Taiwan, as well as Hong Kong and Macau which are both Special Administrative Regions of China. Business…
Analysis: Tariffs won’t slow China’s tech rise
The US government says it’s taking action against China over policies that have enabled Chinese firms to unfairly get their hands on sensitive technology from American companies. At the heart of the concerns is “Made…
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