BEIJING — China’s homegrown passenger jet touched down safely after its first long-haul test flight on Friday, bringing the nation one step closer to competing directly with aircraft giants in Europe and America. China hopes…
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China widens foreign access to its giant financial sector
They will take effect immediately following the drafting of specific related rules, Zhu told a news conference, adding China is “formulating a timetable and roadmap for financial sector reform and opening up”. The foreign business…
China uncovers almost 1,600 U.S.-related intellectual property infringements this year
BEIJING (Reuters) – China has detected more than 1,560 cases of intellectual property infringement involving goods exported to the United States during two joint China-U.S. crackdowns this year, the Asian giant’s customs agency said on…
China Big Bang Moment Opens Banks, Funds to Foreign Control
Policy makers had been hinting at an opening in recent months. Just yesterday, China’s Foreign Ministry said entry barriers to sectors such as banking, insurance, securities and funds would be “substantially” eased “in accordance to…
China’s IPO approvals nosedive as regulator raises review threshold
It has been a week of rejections where China’s securities regulator would have set a record of vetoing companies seeking to list. The new listing committee under the China Securities Regulatory Commission (CSRC) rejected three…
China’s deliverymen face robot revolution as parcel demand soars
SHANGHAI/BEIJING (Reuters) – At Beijing’s sprawling Renmin University of China, two shiny new couriers dart through throngs of students to deliver parcels throughout the day. But they’re not typical Chinese deliverymen. Bright red, gray and…
There are a bunch of signs that China’s banks will grow even stronger
The banking sector in the Asian economic giant is the largest in the world by assets, according to a Financial Times analysis earlier this year. The health of China’s lenders is closely-watched as a proxy…
China’s Big Bang Moment Opens Banks, Brokers to Foreign Control
On Thursday, China’s Foreign Ministry foreshadowed the latest moves, with a statement saying that entry barriers to sectors such as banking, insurance, securities and funds will be “substantially” eased. Those comments came following a meeting…
Changes to foreign ownership rules on China financial firms effective immediately
BEIJING (Reuters) – Changes to foreign ownership rules on Chinese financial firms are effective immediately, a vice finance minister said on Friday. Government agencies will draft and announce detailed rules on foreign ownership, Vice Minister…
Senior Chinese finance official: China will ease foreign ownership limits in finance, auto sectors following criticism
BEIJING — Senior Chinese finance official: China will ease foreign ownership limits in finance, auto sectors following criticism. Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or…
China to ease curbs on foreign business in finance, autos
BEIJING — China will ease restrictions on foreign ownership stakes in the financial sector and reduce tariffs on automotive imports, a senior Chinese official said Friday, following criticism from the country’s trading partners. Vice Finance…
China media praises tone, outcome of Trump-Xi summit
Trump pressed China to do more to rein in North Korea on Thursday and said bilateral trade had been unfair to the United States, but praised Xi’s pledge that China would be more open to…
Chinese search engine Sogou up 4% following IPO
Beijing-based Sogou aims to be a Google for China … goal is to “make it easy for Chinese users to communicate and get information.” Calling the IPO a “milestone,” he hopes that a U.S. IPO…
