Hong Kong: China will likely avoid a financial crisis and is on track to reach high income status by 2027, according to a new Morgan Stanley report on the nation’s longer-term prospects titled “Why we…
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China's obsession with skyscrapers reaches new heights
As an example, China’s financial conglomerate Ping An last month completed the 600-metre, 115-storey Ping An International Finance Centre in Shenzhen’s central business district, which surpassed One World Trade Center in New York City to…
Estée Lauder praised for digital achievements in China
So much so, that it has been rewarded for its efforts as two of its brands have joined the list of China’s top 10 beauty brands. L2, an intelligence provider, compiled performance data through its…
China Mobile to invest $200 million in Pakistan
ISLAMABAD, Pakistan: China Mobile Communications Corporation (CMCC), the world’s largest telecom carrier by subscribers, will invest US$200 million in Pakistan this year to expand its presence, `China Daily’ reported. The Beijing-based company will … (…
Inflation picks up to multi-year highs in China as central bank eyes tighter policy
BEIJING China’s producer price inflation picked up more than expected in January to near six-year highs as prices of steel and other raw materials extended a torrid rally, adding to views that global manufacturing activity…
Bank focuses more on compliance risk control
Bank of China said on Monday it is placing greater focus on and devoting more resources to manage compliance risks and meet anti-money laundering rules in other countries, as it expands globally to serve Chinese…
China stocks close higher as central bank resumes cash injec
BEIJING, Feb. 13 (Xinhua) — Chinese stocks rose for the fourth straight trading day on Monday as liquidity concerns eased after the central bank resumed cash injections into the money market. The benchmark Shanghai Composite…
Beijing bans high-emission vehicles in anti-smog move: Xinhua
SHANGHAI China’s smog-hit capital Beijing will ban high-emission vehicles from Wednesday as part of its efforts to combat pollution, the official Xinhua news agency said, citing the local government. Concerned about the damage done to…
Chinese Mobile co to invest $200m
ISLAMABAD – China Mobile Communications Corp, the world’s largest telecom carrier by subscribers, will invest $200 million in Pakistan this year to expand its presence. According to a Chinese media’s report, the Beijing-based company will…
China's Tech Tycoons' Healthcare Dreams Aren't Coming True
One big reason for the technology sector’s troubles is the lack of an insurer willing to work with internet firms in a system dominated by state-run hospitals and government insurance. China’s system is a conservative…
Hong Kong’s historic old Bank of China building set for new life as private bank headquarters
Bank of China (Hong Kong) will convert its current historical old Bank of China building in Central into regional headquarters for its private banking unit as it expand services to capture the business of the…
China Construction Bank : CCB keen to fill funding gap
China Construction Bank (CCB), the world’s second biggest bank, wants to become more involved in funding New Zealand infrastructure and housing projects as the country becomes less reliant its traditional lenders — Australia’s big four…
China’s yuan weakens, money rates fall as People’s bank of China resumes open market operations
China’s yuan weakened against the dollar on Monday as hopes of major US tax reforms continued to boost the greenback. The People’s Bank of China set the official yuan midpoint rate at 6.8898 per dollar…
