but there is no timeline for when an IPO plan might take place because it remains under discussion, said Zhang Xiaoqiang, vice-chairman of the China Center for International Economic Exchanges. Zhang was consulted on the…
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China, France promise cooperation on climate, security
Despite their amicable tone, the visit produced no breakthroughs on Europe’s mounting frustration over China’s market barriers and complaints its exports of low-cost steel are threatening European jobs. The French leader hoped to secure business…
In China, Macron urges openness, pitches France Inc.
On the second leg of a three-day state visit, the first of his eight-month-old presidency, Macron is hoping greater openness from China, coupled with lobbying from the 50-strong business delegation travelling with him, will help…
Airbus to increase aircraft production in China
During his three-day visit, Mr Macron said both France and China must open up to doing business with each other. At present, he said, France has “access to markets which is unbalanced [and] unsatisfying”. He…
Xiaomi IPO plan reportedly eyes $200b valuation
Xiaomi is considering an IPO in either Hong Kong or New York … After struggling with declining sales in 2016, the Beijing-based company managed to revive growth last year, partly by opening offline retail stores…
China isn’t just a manufacturing hub anymore, UBS says
Developments in financial technology and electric cars have led China to move beyond being just a manufacturing hub, UBS Asia Pacific President Kathryn Shih said The business environment for foreign firms on the mainland has…
32 missing, oil tanker on fire after collision off China
In this photo provided by Korea Coast Guard, the Panama-registered tanker “Sanchi” is seen ablaze after a collision with a Hong Kong-registered freighter off China’s eastern coast Sunday, Jan. 7, 2018. The oil tanker collided…
Airbus woos China with A380 industrial partnership offer
Airbus is offering an industrial partnership with China on the A380 if Chinese airlines place orders for the world’s largest passenger jet, whose future is in doubt unless it wins new customers. Fabrice Brégier, Airbus’s…
China developer Greenland views e-sports as engine that will drive traffic to its malls and hotels
Greenland Holdings, China’s sixth largest property developer by sales, wants to tap the rising popularity of e-sports to drive traffic and sales at its properties. The Shanghai-based company wants to create the mainland’s largest business…
China, Hong Kong shares keep climbing; developers lend support
China and Hong Kong stocks extended their New Year rally on Friday, underpinned by robust gains in real estate firms. At 04:02 GMT, the Shanghai Composite index was up 7.95 points or 0.23 per cent…
US joins search for 32 missing after ships collide off China
In this photo provided by Korea Coast Guard, the Panama-registered tanker “Sanchi” is seen ablaze after a collision with a Hong Kong-registered freighter off China’s eastern coast Sunday, Jan. 7, 2018. The oil tanker collided…
China: Low-level graft a business reality
Despite President Xi Jinping’s half-decade-long anti-graft campaign, low-level corruption remains a business reality for Singapore firms in China. For a society where guanxi, or personal connections, can make or break a deal, wining and dining…
Iranian tanker collides with freighter off China; 32 missing
BEIJING — An Iranian oil tanker collided with a bulk freighter and caught fire off China’s eastern coast, leaving its entire crew of 32 missing and causing the tanker to spill oil into the sea,…
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