The weak position of China’s crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 million barrels per day of oil being …
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Moncler chief on defying China’s new normal to ‘build the strongest brand ever’
Hot off investment from LVMH, Moncler wants to make greater inroads into the world’s second-largest economy. Remo Ruffini explains why …
China’s booming grey markets add woes to luxury brands
China’s second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some shoppers to look for cheaper ways to buy them, deepening …
CITIC to sell stake in McDonald’s China, Hong Kong business for $430.3 mln
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.
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 aims to export nuclear tech but faces global skepticism
China is rapidly expanding its nuclear energy sector, with nuclear power currently accounting for only about 5% of its electricity generation compared to nearly 70% from coal. Despite this low …
China to support listing of innovative SMEs on Beijing Stock Exchange, ‘new third board’
BEIJING – China will intensify its support for the listing of high-quality innovative small and medium-sized enterprises (SMEs) on the Beijing Stock Exchange and the “new third board,” a financing …
Smart cabin technology growing fast in country
China’s evolving innovation and fast development in smart cabins is a combination of factors that are hard to replicate in other parts of the world, said Guo Gang, a professor at the College of …
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 …
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 –…
1st China-Europe freight train for CIIE 2024 arrives in Shanghai
The first “Jinbo” China-Europe freight train carrying exhibits for the 7th China International Import Expo (CIIE) arrived at the Minhang Station in Shanghai on Sunday, marking the fourth consecutive …
IPOs gearing up for blockbuster week
Asia’s stock markets are gearing up for their busiest week of listings in more than two years, offering a crucial test of demand as companies rush to raise money before the US election.
Will Hyundai’s record IPO in India overcome tepid demand and deliver a strong debut?
Hyundai Motor Co.’s Indian arm is experiencing a rocky start as its monumental $3.3 billion initial public offering (IPO) struggles to captivate investor interest amid a challenging market landscape.
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