As China’s stock market witnessed the longest consecutive rally in over two decades, the property sector emerged as the biggest winner. Property developers’ shares gained more than 2.8 percent on average over reports of impressive…
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Mobile link opens window on daily life in isolated village
[Photo by Wang Qin/For China Daily] Great changes have taken place in a land-locked Yi village in Sichuan province thanks to mobile communication. Young villagers give live broadcasts on their lifestyle to earn money and…
Tot learning turns big business
Michael Moe, founder of Global Silicon Valley, a US-based education and technology investment bank, said, “China’s education business, especially the potential in the early-stage segment, is frequently talked about. In China, you don’t need to…
China-led bank spreads its yuan to Africa, South America to bankroll infrastructure projects
The China-led Asian Infrastructure Investment Bank will be spreading its tentacles to South America, Africa and further into the Middle East soon, as it marks the start of its third year in business, its president…
Mainland China to Enhance Banking Oversight Amid Rampant Financial Risks
China’s financial regulator vows to implement additional measures to crack down on shadow banking and tighten control over lending practices in order to contain the debt accumulation by the private sector and state-owned enterprises, as…
China’s GAC to scrap Trump-sounding brand for US market
DETROIT — Chinese automaker GAC Motor will scrap the brand name it uses in China when it enters the U.S. market next year because it could be confused with President Donald Trump’s surname. For the…
BRIEF-China Shandong Hi-Speed Financial Group’s Unit Xiang Long To Grant A Loan Of Rmb160 Mln To Borrower
Jan 15 (Reuters) – China Shandong Hi-Speed Financial Group Ltd: * UNIT XIANG LONG TO GRANT A LOAN OF RMB160 MILLION TO BORROWER; INTEREST RATE AT 12 PERCENT Source text for Eikon: Further company coverage:…
UnicomAirNet Enters Global Satellite Communications Market with Further Great Transform
China United Network Communications Limited (“China Unicom”) signed and concluded the Memorandum of Understanding and Cooperation with Eutelsat Communications (“Eutelsat”) in the Great Hall of the People, and reached a consensus on jointly developing ……
China is heading toward a debt crisis that will throw into question everything we think we know about it’s economy
China’s economic stability is founded on a mountain of debt that Council on Foreign Relations experts warn will end in a crisis. The country’s total non-financial sector debt, which includes household, corporate and government debt,…
Apple’s iPhone 7 Plus was the second-best selling phone in China in 2017
Apple was the only foreign brand to have a smartphone model in the top 10 best-selling handsets in China in 2017. The iPhone 7 Plus managed 2.8 percent of all sales in the world’s largest…
Xiaomi is picking banks for an IPO worth up to $100 billion
Xiaomi, one of the biggest smartphone brands in China, is picking banks ahead of an IPO at a possible valuation of $100 billion (£72.3 billion). According to Bloomberg, Morgan Stanley, Goldman Sachs, Credit Suisse, and…
Xiaomi, Lufax Test IPO Investors’ Credulity
Investors, beware Hong Kong’s crazy tech IPOs. The market is facing a $160 billion trial balloon. That’s the combined valuation bankers are pitching for initial public offerings by China’s Xiaomi Corp. and Lufax this year.…
Why 2018 Will Be A Renaissance Year For Asia Tech IPOs, Undercutting New York
The number represents a growth in the number of IPOs, but a slip in the overall proceeds compared to the previous year — because of deal size. However, Edward Au, co-leader of the national public…
