China Unicom, the country’s second largest mobile operator, issued a positive profit alert, with brisk service revenue growth and lower expenses expected to drive a 155 per cent jump in its net profit for the…
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China Unicom forecasts profit surge
China Unicom (Hong Kong) Ltd (CHU) Shares Sold by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut its holdings in shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) by 22.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm…
China property sales will slow in fourth quarter, prices stable-housing minister
BEIJING, Oct 22 (Reuters) – China’s property sales will slow in the fourth quarter and prices will remain stable, the housing minister said on Sunday. The rapid rise of property prices has been contained and…
Here are the benefits and challenges of working in China’s growing tech scene
China, India, and Southeast Asia have all shown their great ambition as well as fast growing competence in the tech industry. Each of them enjoys a large population with numerous emerging needs in internet business.…
Slower property, construction sectors drag on China’s growth
China posted relatively solid economic growth in the third quarter, driven by a stronger services industry, although there were signs of weakness in real estate and construction as property cooling measures start to bite, data…
China consumer loans surge nearly 30 percent as debt worries resurface
In the first nine months of this year, China’s banks issued 5.1 trillion yuan of new household consumer loans. Analysts suspect funds from some of these consumer loans are flowing illicitly into the property market…
Beijing to give foreigners greater access to banking sector
Guo Shuqing, China’s newly appointed banking regulator, attends a news conference in Beijing. “We will give foreign banks more space in the form of their establishment, shareholder qualifications, the percentage of their shareholding and their…
China supports Myanmar ‘safeguarding peace and stability’
China supports “Myanmar’s efforts in safeguarding peace and stability in this region and hoped all areas, including Rakhine state, will realize peace, stability and development,” Guo told reporters at a news conference on the sidelines…
China says no excuses for foreign officials meeting Dalai Lama
China considers the Dalai Lama, who fled into exile in India in 1959 after a failed uprising against Chinese rule, to be a dangerous separatist. The Nobel Peace Prize winning monk says he simply seeks…
Beijing’s metro gives a thumbs-up to Xi Jinping’s speech
These are external links and will open in a new window It took Xi Jinping just under three and a half hours to deliver his all-important speech to Congress, and that is about the length…
China Mobile: How Did Those Earnings Turn Out?
China Mobile reported 9M 2017 earnings. Expectations were for a slowdown in profitability and elsewhere. China Mobile reported quite the opposite. A couple of days ago, I felt compelled to write an article on China…
Banks Picked for Sinochem IPO – Sources
The IPO plan also comes amid Beijing’s latest push to revive its bloated state-owned enterprise sector via the so-called mixed-ownership reforms by injecting private capital into state enterprises. “Our people are preparing for it (IPO)…
China Mobile reports 4.6 percent rise in 9-month net profit
HONG KONG (Reuters) – China Mobile Ltd (0941.HK), the country’s largest telecom service provider, reported a 4.6 percent rise in nine-month net profit on Friday on fast mobile data growth despite an industry-wide rate cut.…
