Unlimited data plans may increase revenue in the short run, but are ultimately unsustainable for the industry, China Mobile chief executive Li Yue said on Wednesday. Li told reporters after the company’s annual general meeting…
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China Mobile Ltd. (ADR) (NYSE:CHL) CM Chief warns of Unlimited Data
China Mobile sees huge revenue fall
China Mobile (0941) said yesterday revenue this year could fall by 7 billion yuan (HK$7.94 billion) as a result of its plan to cancel roaming fees before October 1 and cut further fees in its…
Better policies for Shanghai from China Mobile
CHINA Mobile announced today to partner with the Shanghai government to offer favorable and customized services for small and medium-sized enterprises, as well as government bureaus in Shanghai. The initiatives will include public clouding service…
China securities regulator moves to reduce volatility with new rules
The China Securities Regulatory Commission (CSRC) also appears to have slowed the pace of approval for initial public offerings (IPOs), amid worries that a flood of new listings are sucking up liquidity. CSRC spokesman Deng…
China central bank denies reports it told banks to deposit dollars
BEIJING China’s central bank has not adopted any measures requiring commercial banks to deposit dollars with it, the People’s Bank of China (PBOC) said on Friday. Reports that the central bank had ordered such deposits…
China Seeks A Balance Between Financial Reform And Stability, But Is It Possible?
In a swift move last week, China’s central bank injected 170 billion RMB ($24.7 billion) into the financial system through money market operations in order to stabilize financial markets. The new head of the China…
Regulator urges China banks to save ailing companies
But it is rare for a government official to acknowledge the practice. The admission could also inflame criticisms of China by trading partners who argue that state-directed bank loans and other subsidies have enabled cheap…
China’s Dahua Tech plans up to $1 billion Hong Kong share sale: sources
The company, which has a presence in about 20 countries outside China, did not immediately respond to a request for comment. The sources declined to be named as the company’s plans were not public yet.…
China tightens border controls with N. Korea: U.S. diplomat
Beijing’s action reflects a growing awareness about the urgent need for China to pressure North Korea into halting its testing of missiles and nuclear bombs, Acting Assistant Secretary of State Susan Thornton told reporters in…
China’s reforms not enough to arrest mounting debt: Moody’s
The comments came two days after Moody’s downgraded China’s sovereign ratings by one notch to A1, saying it expects the financial strength of the world’s second-largest economy to erode in coming years as growth slows…
China’s reforms not enough to arrest rising debt, another downgrade possible: Moody’s
The comments came days after Moody’s Investors Service downgraded China’s sovereign ratings on Wednesday by one notch to A1, saying it expects the financial strength of the world’s second-largest economy will erode in coming years…
China’s giant funds industry eyes Dublin as European HQ after Brexit
China’s gigantic $7 trillion funds industry is said to be looking at Dublin as a potential European base in the wake of Brexit. A high-powered delegation of Chinese fund managers was in Dublin yesterday to…
China’s reforms not enough to arrest mounting debt
Beijing – China’s structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless…
