China said on Tuesday it will cut import tariffs for automobiles to 15 percent from 25 percent, a fillip for premium car brands like Tesla and BMW (BMWG.DE) which import a significant number of vehicles.…
BUSINESS
China cutting auto import taxes as of July 1
Beijing used tariffs and other curbs over the past three decades to prod global auto brands to shift production to China and help develop the local industry. China is the world’s biggest auto market by…
China’s move to cut tariffs won’t help U.S. carmakers
China’s move to reduce tariffs on imported cars to 15 percent makes little difference to U.S. automakers. Traditional Detroit brands like Lincoln and Jeep collectively exported fewer than 100,000 vehicles to China last year. The…
Bank of China partners Qoo10 to launch new co-brand Mastercard credit card
Bank of China Singapore Branch (BOCSG) has launched a co-brand Mastercard credit card with Singapore’s largest online retailer Qoo10. Bank of China Singapore Branch (BOCSG) has launched a co-brand Mastercard credit card with Singapore’s largest…
Foxconn’s unit targets raising $4.3 billion in biggest China IPO since 2015
TAIPEI/SHANGHAI (Reuters) – Foxconn Industrial Internet (601138.SS), a subsidiary of the world’s largest contract manufacturer Foxconn (2317.TW), announced plans to raise up to 27.1 billion yuan ($4.26 billion) in what will be mainland China’s biggest…
Foxconn unit aims to raise $4.3 billion in biggest China IPO since 2015
TAIPEI/SHANGHAI (Reuters) – Foxconn Industrial Internet (601138.SS), a subsidiary of the world’s largest contract manufacturer Foxconn (2317.TW), said it plans to raise 27.1 billion yuan ($4.26 billion) in what will be the biggest Chinese initial…
Xiaomi’s IPO Will Make Dozens of Lucky Workers Millionaires
Read More: In IPO Letter, Xiaomi CEO Explains Innovation at ‘Honest … Co. and Huawei Technologies Co. He would host smoke-and-booze-filled meetings at Beijing hotels, showing up with bags of cell phones and gadgets for…
China stock regulator vows more environment focus, green finance
SHANGHAI (Reuters) – China’s securities regulator said it will work to strengthen the environmental responsibilities of listed companies, promote green finance and focus more on environmental issues when reviewing initial public offerings or mergers. (…
As bitcoin world wobbles, mining rig company plans $2 billion IPO
To some, the IPO presents a rare opportunity to buy into in a cryptocurrency … Cryptocurrency mining is under pressure in China. But last month, China Securities Regulatory Commission vice-chairman Jiang Yang gave Canaan the…
The Lucky 56: Xiaomi IPO to Make Dozens of Workers Millionaires
Read More: In IPO Letter, Xiaomi CEO Explains Innovation at ‘Honest … Lei was a local tech celebrity with 1 million follows on Weibo, China’s answer to Twitter, but it was far from clear he…
Trade war fears ebb as U.S., China agree to continue talks
Trump agreed to allow ZTE to stay in business and the U.S. and China struck a deal to drop their tariff threats while they worked on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin…
Shrinking Valuations Cast Shadow Over Smaller Chinese Bank IPOs
“China’s banking landscape is increasingly tilted — the strong … “Investors will remain lukewarm to the shares and upcoming IPOs of small lenders,” said Liao. “We haven’t seen any light at the end of the…
China relieved, U.S. business ambivalent over easing of trade tensions
BEIJING (Reuters) – China’s government on Monday praised a significant cooling of trade tensions with the United States, saying agreement was in both nations’ interests while state media trumpeted what it saw as Beijing’s refusal…
