McDonald's is selling off most of its China business in a deal worth as much as $2.1 billion. Citic, a massive Chinese financial firm, is taking the majority stake in McDonald's (MCD) operations in mainland China and Hong Kong. U.S. private equity giant ... ( read original story ...)
McDonald's sells China business in $2.1B deal
HONG KONG - Fast food giant McDonald's says it is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion. The company said in a statement Monday that Citic ... ( read original story ...)
China Mobile Hong Kong 4G Data Roaming Coverage Ranks No.1 in Hong Kong
HONG KONG, Jan. 9, 2017 /PRNewswire/ -- China Mobile Hong Kong ("CMHK" or "the Company") today announced that the Company has ranked first* in the number of 4G data roaming coverage destinations among all the mobile network operators in Hong Kong, offering ... ( read original story ...)
China's poorest reliant on coal to stay warm, adding to smog
Last week, the official Xinhua News Agency quoted a Beijing official saying coal-burning furnaces for heating have now been completely removed from the city's urban districts. But in rural Qian'an, 220 kilometres (140 miles) from Beijing, in Hebei ... ( read original story ...)
Cruz meets with Taiwanese president, blasts China
Texas Sen. Ted Cruz scolded China for trying to quash his meeting with the Taiwanese president on Sunday, the second time in just over a month a prominent Republican has publicly poked the People’s Republic over a communication with the contested island ... ( read original story ...)
Fancy a ten-hour stroll along China's latest tourist attraction? Aerial footage reveals new floating pathway which is TWICE the length of Manhattan
According to China Xinhua News, the vast structure is built to rise and fall in accordance with fluctuating water levels. A bustling entertainment centre, the walkway is supported by more more than 200,000 floating objects - including a gigantic cartoon ... ( read original story ...)
China likely to allow companies to issue shares in Frankfurt this year – bourse
Deutsche Borse AG and China Financial Futures Exchange in 2015. The plan needs approval from Chinese and German regulators, but listing and trading of D shares would likely comply with existing German rules, the SSE said in a statement on Friday. ( read original story ...)
China’s Financial Reserves Approach A Dangerously low Level
The latest PBOC report hints at China's reserved tumbling by another US$41.1bn in December 2016. This would effectively reduce the country's reserves to just above US$3tn, a very dangerous level. Financial experts all over the world are concerned over the ... ( read original story ...)
Why Canada should open its arms to Chinese investment
Defying gloomy predictions, China’s Ministry of Commerce reported in November that China’s non-financial foreign direct investment rose by more than 50 per cent to the end of August, 2016. Although subsequent announcements followed that China may ... ( read original story ...)
China's IPO market heats up in 2016
BEIJING - China's IPO market did better in 2016 as the regulator accelerated approvals in the latter half of the year. According to the official Securities Times, 12 companies are expected to go public on the A-share market next week, bringing the number ... ( read original story ...)