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Prominent luxury brands are scrambling to get a slice of the competitive Chinese market.
Now the latest addition to these symbols of prosperity are high-end supermarkets that specialize in imported and organic food - the craze among the urban elite.
China has banned shops and restaurants from selling drinks from Taiwan that contain an additive that has potentially harmful effects.
To understand the engines that have continued to drive Chinese economic growth, it pays to follow the widely differing approaches taken by the private-sector entrepreneurs in the country's industrial heartland.
China Everbright Bank Co is expected to list at the Hong Kong Stock Exchange as early as mid-July after it has got green light from the securities regulator.
Huaneng Renewables Corp, the wind-power unit of China's biggest electricity producer, made a lackluster debut on the Hong Kong bourse on Friday, with its share price down 2.8 percent from the offering price to hit HK$2.43 (31 cents).
Morgan Stanley on Friday formally unveiled a new joint venture with Huaxin Securities Co Ltd, in a move to boost its presence in China's investment banking industry.
Samsonite International SA, the luggage maker backed by London-based CVC Capital Partners Ltd, has cut the maximum size of a Hong Kong initial public offering by 11 percent to about $1.3 billion, according to two people with knowledge of the matter.
The Chinese joint venture of Groupon Inc has a gross profit margin higher than the industry average, said a company official.
Citic Securities Co plans to acquire 19.9 percent of Credit Agricole SA’s brokerage units, CLSA and Credit Agricole Cheuvreux, for $374 million.
Groupon Inc, owner of the biggest coupon website, said its China venture is achieving margins "much greater" than 10 percent even with competition from thousands of clones in the world's largest Internet market, Bloomberg reported Friday.
The Hong Kong government sold a luxury site near the downtown on Thursday, setting a record of the second highest price in the city's land auction history, though quite below former market estimates.
