China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald’s China and Hong Kong operations, to Trustar Fast Food Holdings for $430.3 million.
Tagged By beijing
China public figures, celebrities whose philanthropy makes significant impact
From Covid-19 pandemic support to education for impoverished children, high-profile celebrities in China are making a difference through charity.
China will press ahead with internationalisation of yuan and markets: Sibos panellists
China’s financial sector has and will continue to embrace opening up and cooperation,’ said Lu Lei, deputy governor of the PBOC.
China tightens export controls for tech and goods with military use, ahead of Xi’s trip to Russia
China unveiled a set of regulations on export control of goods and technologies that could be used for military purposes.
China Responds as US and Canada Sail Warships to Flashpoint
The Chinese military claimed it tracked and monitored the American and Canadian warships in the Taiwan Strait.
Taiwan’s September export orders miss expectations, China drags
Taiwan export orders fell short of expectations for September, losing some steam ahead of the year’s end as it remained buoyed by the artificial intelligence wave but ran into faltering demand from …
Top China Quant Winds Down Strategy Pummeled by Market Rally
A top Chinese quantitative hedge fund is shutting down its market-neutral products, exiting a strategy that saw widespread industry losses recently when a surge in local stocks squeezed their short positions.
China Resources Beverage IPO prices at top end of range, valuing firm at US$4.39 billion
The initial public offering (IPO) of packaged water company China Resources Beverage (CR Beverage) priced at the top of its expected range, setting it up to raise as much as HK$5.04 billion (US$650 …
China growth could slow to 4.5% in 2025, says economist
Erica Tay of Maybank Investment Banking Group lays out the reasons why China’s economic growth could slow to 4.5% next year, citing potential setbacks including trade restrictions and expectations for …
MetLife in talks to buy PineBridge’s ex-China assets for $1 billion-$1.5 billion, Bloomberg News reports
New York-based insurer MetLife Inc is in advanced talks to buy PineBridge Investments’ assets outside of China in a deal that could be valued at $1 billion to $1.5 billion, Bloomberg News reported on …
Tesla, Intel, deny they’re the foreign company China just accused of making maps that threaten national security
Tesla has denied it was involved in illegal-map making activities in China after Beijing asserted an unnamed foreign firm working on a smart car project had done so – and even stolen state secrets –…
Asia’s largest Gifts & Home Fair opens today in Shenzhen
The 32nd China International Gifts and Home Products Fair commences today with an impressive exhibiting area of 260,000 square meters.
US and Canadian warships transit the Taiwan Strait a week after Beijing’s war games
U.S. and Canadian warships sailed through the disputed Taiwan Strait on Sunday, almost a week after China held massive war games around Taiwan, which Beijing claims as its own territory …
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