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…
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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 This material may not be published, broadcast, rewritten or…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…
China Bank books higher earnings in 3rd quarter
CHINA BANKING Corp. (China Bank) saw its net income grow in the third quarter as its core and fee-based businesses expanded. In a disclosure on Thursday, Sy-led China Bank said its consolidated net income in…
Trump bypasses Great Firewall to send tweet in China
He included a clip from ABC News of the ceremonial reception he received outside … Some wondered if he may stay off his primary medium for addressing his supporters out of respect for China’s domestic…
Boeing signs deal to sell 300 planes worth $37 billion to China
BEIJING/SHANGHAI (Reuters) – Boeing (:BA – News) signed an agreement on Thursday to sell 300 planes to China Aviation Supplies Holding Company worth $37 billion at list prices – one of a number part of…
Forbidden in China, but Trump skirts ‘Great Firewall’ to tweet about Beijing trip
“In China, people have many channels to communicate … Trump tweeted again on Thursday afternoon, posting an ABC News video montage of the “incredible” welcome parade at the Great Hall of the People, where he…
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