China’s buoyant property market has fuelled the country’s unexpectedly … “The top leadership has made it clear that financial vulnerabilities and debt accumulation is the biggest risk. I think they are at the stage where…
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Thirty dead in Beijing as parts of China reel from heavy rains and flooding
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U.S. and China Fail to Reach Immediate Deal to Prolong Trade Truce
‘Ghost ships’ moving sanctioned Russian oil to China complicate US talks
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Live updates: U.S. and China extend tariff truce; Trump wraps up U.K. visit
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CHINA STATE GROUPS ENJOY PROFIT REVIVAL AMID COMMODITY BOOM / THE FINANCIAL TIMES
China’s state-owned business reform a step in the wrong direction
When a mix of Chinese privately owned and state-owned companies came together in August to buy shares in China Unicom’s $11.7bn offering, Beijing heralded it as another milestone for reform of country’s state-owned enterprises. It…
Unicom seeks closer investor ties with data centre unit
State-owned China Unicom, the country’s second largest mobile operator, established a big data company as it moves to forge partnerships with its new strategic investors, China Daily reported. Hong Kong-listed China Unicom announced in August…
Unicom tapping into big data
An anti-fraud platform of China Unicom at a cybersecurity expo held in Shanghai. [Photo by Gao Erqiang/China Daily] China United Network Communications Group Co Ltd, the country’s second-largest mobile carrier by subscribers, set up a…
China’s mobile banking market overview Q2 2017
Total transactions of China mobile banking clients totaled 55.63 trillion yuan (US$8.44 trillion) with an increase of 5.1% QoQ. China Construction Bank (26.1%) and Industrial and Commercial Bank of China (21%) combined account for close…
China busts secret bank in Guangzhou sending assets abroad
SHANGHAI: Chinese police have broken up a secret banking operation used to transfer assets abroad, the official China Daily reported on Tuesday. The underground bank, hidden in a food market in the southern city of…
China Banking Association says S&P’s ratings cut ‘simple, biased’
The S&P Global Ratings’ downgrade of China’s sovereign credit rating is a “simple, biased and unfair” decision that is against economic fundamentals and indicators, China Banking Association said Monday. The association said the rating downgrade…
Asian Development Bank boosts China’s economic forecast
The Asian Development Bank (ADB) raised its outlook for China’s economic growth this year on the back of strong domestic consumption, an export recovery and solid growth in services. ADB now expects China’s economy to…
China’s iQiyi considers U.S. listing as early as 2018: source
HONG KONG/BEIJING (Reuters) – Baidu Inc’s (BIDU.O) video streaming service iQiyi, a Chinese-style Netflix (NFLX.O), is eyeing a potential initial public offering in the United States as early as next year, a person with direct…
China disrupts WhatsApp ahead of Communist Party meeting
On Monday, China’s cyber watchdog handed down maximum penalties to some of the country’s top technology firms including Tencent, Baidu and Weibo for failing to properly censor online content. The penalties were imposed for failing…
China’s Netflix to Seek at Least $8 Billion Value in IPO
Baidu Inc.’s iQiyi is targeting a U.S. initial public offering as soon as in 2018 that could value China’s most popular Netflix-style streaming video service at more than $8 billion, two people familiar with the…
KPMG sees Hong Kong IPO proceeds to reach up to $19.3b in 2017
HONG KONG — IPO proceeds of China’s Hong Kong Special Administrative Region are expected to reach up to HK$150 billion (about $19.3 billion) in 2017, with listings from technology, media, and telecom (TMT) sectors on…
Baidu’s iQiyi said to seek at least $8 billion value in US IPO
The IPO process however is in its early stages and the final valuation … Many Google services that distribute content, such as YouTube, remain blocked in China, reducing the US company’s ability to expand in…
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