Financial technology experts are calling for better regulations in China and Hong Kong to help the industry thrive, especially since existing laws still lag behind the pace of innovation and technology. China, which is home…
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China relaxes trading rules on stock index futures
SHANGHAI Feb 16 The China Financial Futures Exchange will relax rules on stock index futures trading, it said late on Thursday. From Friday, the exchange will ease rules restricting so-called “excessive trading”, while margin requirements…
Cosmax opens new colour cosmetics facility in China
With full-scale production capabilities of 200 million cosmetics per year in China, the colour cosmetics facility in the Fengcheng District, Shanghai, China will focus on building its annual output and localisation within China. As of…
Ericsson, China Unicom and Qualcomm complete data call in live network on Cat-M1 for cellular IoT
Ericsson, China Unicom and the Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, completed an end-to-end data call using Cat-M1 technology on China Unicom Beijing branch’s live network in Yizhuang, Beijing on December 29, 2016.…
China Mobile Hong Kong Partners with Huawei to Migrate services to NFV cloud core network
China Mobile Hong Kong (CMHK), a subsidiary of China Mobile, which serves around 850 million mobile subscribers in China, including 535,000 4G subscriptions, announced that in partnership with Huawei it has migrated services to a…
Trump's fame in China could spell the end of the “Trump toilet”
But after a decade of grinding battle in China’s courts, the president was expected to get an unlikely win this week: the rights to his own name. Trump’s late victory in the fight to wrest…
China's overseas property purchases, investments slump as capital controls bite
BEIJING (Reuters) – Property investment by Chinese companies plunged in January as authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country’s foreign exchange reserves. Investment by…
China’s weapons and military technology reaching ‘near-parity’ with the West, study finds
China is beginning to export its own weapon designs, including armed drones, worldwide and is reaching “near-parity” with the West in terms of military technology, according to a report on Tuesday. The International Institute for…
China to regulate carfentanil, seen as 'substantial step' in curbing opioid exports
Dealers cut fentanyls into heroin and other drugs to boost profit margins. Beijing already regulates fentanyl and 18 related compounds. China said it is also placing carfentanil’s less-potent cousins furanyl fentanyl, acryl fentanyl and valeryl…
Hong Kong lags behind Singapore in mobile payments, says Visa
Mobile and electronic payment services in Hong Kong are catching up quickly but still lag behind mainland China and Singapore, according to industry players. Payment network provider Visa has seen its contactless payment solution, which…
China Mobile first to cloudify HK core network
Huawei helped to successfully migrate CMHK services to an NFV-based cloud core network for commercial use earlier this month, which saw CMHK deploy the 3GPP system. The companies are jointly developing new technologies, such as…
China Shipped 46.86 Million Mobile Phones In January 2017
China’s mobile phone shipment in January 2017 reached 46.864 million units, including 45.126 million 4G smartphones. The shipment of 4G smartphones accounted for 96.3% of the total. These statistics come from the China Academy of…
Foreign Chocolate Brands Defeat Domestically Made Chocolates in China's Valentine Season
According to the National Business Daily, chocolates that are made domestically have suffered a crushing defeat against foreign brands ahead of the Valentine season. The newspaper cited that domestic brands were seldom seen on display…