Henrico County-based insurer Genworth Financial Inc. is facing more regulatory hurdles and another delay in its proposed $2.7 billion acquisition by a China-based company. Genworth, a seller of mortgage insurance and long-term care insurance with…
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China’s northern cities face soot-free winter with gas revolution
As freezing winds whip across northern China this winter, Yao Guanghui is happy he’ll have one less chore to do: feeding the coal furnace that has long heated his small house on the outskirts of…
China Banks Surge on RRR Cut
The Hong Kong-listed shares of China’s big three banks surged on Tuesday, after China’s central bank revealed details of the targeted reserve requirement ratio (RRR) cut over the weekend. The Peoples’ Bank of China (PBoC)…
China Vows to Protect Entrepreneurs’ Property Rights
On September 25, top Chinese authorities — the Central Committee of the Chinese Communist Party (CCP) and the State Council — released a guideline on creating a favorable environment for entrepreneurs and boosting entrepreneurial spirit.…
Thailand seeks to change FTA with China
Thailand is seeking a review of the Thailand-China free trade agreement as the 0% import duty for electric vehicles could derail the country’s plan to attract foreign manufacturers. Kulit Sombatsiri, director-general of the Customs Department,…
National Day holidays and adventure-seeking tourists – China’s latest business and technology news
This week, over 700 million Chinese will be on the move, hitting the nation’s superhighways or boarding trains, planes, buses, and cruise ships to embark on National Day (国庆 guóqìng) vacations: ( read original story…
Warriors begin a hectic week in China, but ‘don’t feel bad for us’
(Anda Chu/Bay Area News Group) “It’s very easy to adjust when you stay … Thompson also traveled with the Warriors when they last played in China in 2013. Apparently, a 15-hour time difference, jet lag…
How crazy is China’s mobile pay?
Over the past five years, China has embraced a life on-line. Some expats here in China, as well as Chinese themselves have dubbed the phenomenon, China’s “Four New Great Internet Invention”! Same as the four…
China’s Geely to take control of Denmark’s Saxo Bank
COPENHAGEN (Reuters) – Chinese carmaker Zhejiang Geely Holding Group will increase its stake in Denmark’s Saxo Bank to more than 50 percent in a deal that highlights China’s drive to tap the expertise of European…
China’s Geely in $300 million deal to control Denmark’s Saxo Bank
COPENHAGEN (Reuters) – Chinese carmaker Zhejiang Geely Holding Group will increase its stake in Denmark’s Saxo Bank to above 50 percent in a $300 million-plus deal that highlights China’s drive to tap the expertise of…
China to cut bank reserve threshold
Beijing/Shanghai — China’s central bank says it is to reduce the amount of cash that lenders must hold as reserves from 2018, with the size of the cut linked to the flow of funding to…
China Makes Targeted Reserve Requirement Rate Cut to Boost Lending to Small Firms
China’s central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since February 2016 in a bid to encourage more lending to struggling smaller firms…
China accused of flooding Europe with cheap e-bikes
China has been accused of flooding Europe with hundreds of thousands of cheap electric bicycles. Imports of Chinese e-bikes to Europe have increased from almost zero in 2010 to an estimated 800,000 in 2017, according…
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