In late March, 2017 we learned that Chinese online lender China Rapid Finance filed to go public, hoping to raise up to $100 million. They will list on the New York Stock Exchange under the…
BUSINESS
China's GDP expanded at 6.9% pace in Q1, better than expected
China’s economic recovery is gaining traction, with growth rising to its fastest pace in over a year in January-March. The 6.9 per cent annual pace of expansion for the world’s second-largest economy, reported Monday, surpassed…
China car dilemma: Beijing wants electric, buyers want SUVs
Government planners see electric vehicles as a sector where China can lead, and a Cabinet technology development plan issued in 2013 calls for two of the top global brands in 2025 to be Chinese. Hence…
The game of naming luxury brands in China
Bottega Veneta stopped featuring its Chinese name on its Chinese official website. Though Airbnb’s new Chinese name, Aibiying (爱彼迎), attempts to convey the brand’s philosophy to “welcome each other with love,” the majority of Chinese…
Global carmakers converge on China as rare slowdown looms
Global carmakers converge on China for the Shanghai auto show this week, with the industry bracing for a sharp sales slowdown and potential price war as competition stiffens in the world’s biggest car market. Manufacturers…
Chinese regulator approves 10 IPO applications
BEIJING, April 15 (Xinhua) — China’s stock market regulator has approved the initial public offering (IPO) applications of 10 companies. The companies will be allowed to raise up to 5.1 billion yuan (about 741.9 million…
Trump admin. declines to brand China a currency manipulator
WASHINGTON — The United States has declined to label China a currency manipulator despite U.S. President Donald Trump’s insistent pledge during the election campaign that he would do so as soon as he took office.…
China to allow multi-brand car dealerships to boost retailers' competitiveness
BEIJING China will allow car dealers to sell brands from multiple manufacturers under new rules that go into effect on July 1, commerce ministry officials said on Friday, aiming to boost vehicle retailers’ competitiveness as…
U.S. business wary of skin-deep results from Trump-Xi trade talks
Business executives are also worried that President Donald Trump’s focus on curtailing North Korea’s nuclear and missile programs could undercut U.S. commercial interests in China. Days after Trump’s meeting with President Xi Jinping, Trump tweeted…
Xiongan firms could skip IPO queue under proposed ‘extraordinary financial measures’
China’s IPO market is notorious for the exceptionally long review … the headquarters of several important financial institutions to Xiongan, including the Beijing-based National Equities Exchange and Quotations, China’s over-the-counter market … ( read original…
China’s economic picture brightens as trade data tops forecasts, Trump softens tone
China’s 2017 export outlook brightened considerably on Thursday as it reported forecast-beating trade growth in March and U.S. President Donald Trump softened his anti-China rhetoric in an abrupt policy shift. Washington’s improving ties with Beijing…
Chinese company Best Logistics Technology plans US IPO
It’s second to another China-based logistics provider, Cianiao, which has approximately $1.5 billion in total funding. Going public in the US will shorten the IPO process, allowing Best Logistics Technologies to access capital more quickly.…
Trump says China won't be labelled a currency manipulator
Backing away from a campaign pledge, President Donald Trump says his administration will not label China a currency manipulator in a report due this week, though he does feel the U.S. dollar “is getting too…
