U.S. business groups said Friday they are encouraged by China’s approval of a new law that loosens restrictions on foreign investment and said it could help smooth the way to a substantive trade … (…
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Foreign brands escape China’s glare at annual consumer day gala
BEIJING/SHANGHAI (Reuters) – China on Friday accused a raft of local firms, from snack makers to a financial tech firm applying for a U.S. listing, of fooling and harassing consumers in an annual … (…
China prepares to skewer brands in annual consumer day gala
BEIJING/SHANGHAI (Reuters) – China is gearing up to skewer companies it accuses of treating consumers badly in a yearly event that has previously named and shamed firms from Apple to Nike Inc. The … (…
HK suspends UBS sponsor license, fines it and others $100 million for IPO failures
The IPOs in question were those of China Forestry, sponsored by UBS and Standard Chartered, and Tianhe Chemicals, sponsored by UBS, Merrill Lynch and Morgan Stanley. UBS was also fined for failing to … (…
China foreign investment law: Bill aims to ease global concerns
But some argue it does not fully address the concerns foreign firms have about doing business in China. Delegates at the NPC – the annual meeting of China’s legislature – passed the bill with 2,929…
Boeing groundings puts U.S.-China trade-linked jet order in limbo
On the one hand, Boeing has been increasing its industrial footprint in China as it aims to win business and increase its sales lead over Airbus in Asia. On the other hand, Boeing executives have…
China’s industrial output growth falls to 17-year low; unemployment rises
Growth in China’s industrial output fell to a 17-year low in the first two months of the year and the jobless rate rose, pointing to further weakness in the world’s second-biggest economy that is like……
Hong Kong regulator bans UBS from sponsoring IPOs for one year; StanChart fined
The three IPOs UBS was fined for were those of China Forestry, Tianhe Chemicals, and one other firm, the regulator said in a statement. The SFC also fined Standard Chartered HK$59.7 million for … (…
China’s auto sales contraction worsens in February
Sales of SUVs, minivans and sedans plunged 17.5 per cent from a year earlier to 3.2 million SUVs, minivans and sedans in the first two months of 2019, according to an industry group, the China…
China industrial output growth falls to 17-yr low, more support steps expected
China’s manufacturers are facing weaker sales at home and abroad, with exports hit by U.S. tariffs on Chinese goods and cooling global demand. U.S. President Donald Trump said on Wednesday he was … ( read…
British Fashion Council Expands China Partnerships Strategy With Ontimeshow
LONDON — The British Fashion Council is expanding its China partnerships strategy with Ontimeshow, one of Shanghai’s largest trade shows, to promote British brands during Shanghai Fashion Week later t… ( read original story …)
Exclusive: Luckin Coffee chief taps banks for $200 million loan in exchange for IPO role: sources
The funding deal for Lu, which has been woven into the banks’ IPO mandate agreement … The sources declined to be named as the information is confidential. Beijing-based Luckin was co-founded by Chie… ( read…
Sinochem Considers Mainland IPO for Oil Trading Unit
Sinochem has approached China Securities Regulatory Commission about the possible mainland deal, according to one of the people. A Sinochem Energy IPO is expected to accompany the long-awaited tie-up … ( read original story …)
