Sy family-led China Banking Corp. grew net profit last year by 15 percent to P6.45 billion on higher interest earnings, fee-based revenues and treasury gains. Reporting sustained growth in core businesses across all market segments,…
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First China-produced passenger plane set for its maiden voyage
YIN LIQIN / FOR CHINA DAILY Chinese manufacturers are preparing to take the nation’s first passenger plane on its maiden flight. The locally designed and built aircraft marks a significant milestone in Chinese manufacturing, as…
China can manage financial risks if property tax introduced: state media
BEIJING China could manage the resulting financial risks if a property tax is introduced and causes the housing market to correct, a state newspaper said on Monday in a front-page commentary that sought to dispel…
China's unicorn shortcut sidelines IPO reform
The securities watchdog is mulling faster IPO approvals for big tech names … from Hong Kong and New York will come at the expense of genuine liberalisation. Beijing’s micromanagement of the pace and pricing of…
Don't let Beijing push US around, warns 'frustrated' former ambassador
Beijing: The United States needs to stop getting pushed around by China and work out a long-term strategy to deal with the country’s rise, former US ambassador Max Baucus said last week. In an interview…
China sends first senior official to Washington in Trump era
BEIJING — China is sending its first senior official to visit the United States since President Donald Trump took office, amid uncertainties over trade relations and new security tensions in east Asia. The Foreign Ministry…
China’s Condom Conundrum: 30 Percent of Foreign Brands Fail Quality Standards Says Government
Foreign condom brands vying for a greater share in the Chinese market suffered a blow recently when several failed to pass quality control standards. According to China’s General Administration of Quality Supervision, Inspection and Quarantine…
Global luxury brands failing to leverage WeChat-led omni-channel to conquer China
Leading global luxury brands have little or no direct e-commerce offering in China, because they are failing to develop proper cross-channel strategies led by WeChat commerce. Luxury brands have trailed other retailers in digital adoption,…
North Korea Condemns Lone Ally China Publicly for ‘First Time’
North Korea is not a country with a lot of allies. So when its state-run news agency appeared to lash out at key supporter China — alleging it was “dancing to the tune of the…
China’s pledge to keep markets stable derails real reforms: Analyst
Ahead of the National People’s Congress starting on this coming Sunday, China Securities Regulatory Commission (CSRC) chairman Liu Shiyu told a news conference in Beijing at the weekend that the country will focus on stable…
China's Yang to visit U.S. on Monday and Tuesday – Xinhua
SHANGHAI China’s top diplomat will visit the United States this week, the most senior Chinese official to do so since President Donald Trump took office on January 20, state news agency Xinhua said. State Councilor…
China's top diplomat to visit U.S. on Monday and Tuesday: Xinhua
Yang outranks China’s foreign minister. The visit follows a phone call between Yang and U.S. Secretary of State Rex Tillerson last week, during which the two affirmed the importance of a constructive U.S.-China relationship. It…
China FX Regulator Says Strengthening Supervision of Forex Market
BEIJING (Reuters) – China’s FX regulator said on Monday that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets. Chinese authorities…
