China will soon allow several financial leasing companies to develop asset-backed securities businesses, the nation's banking regulator announced on Wednesday.
Low valuations, anticipated high returns to lift investor sentiment
China Vanke Co Ltd, the country's largest residential property developer, said on Wednesday it was in talks with global investors, including funds and real estate peers, to sell a strategic stake as the company seeks to expand overseas and tap offshore capital markets.
Hardwood exports from the United States to China will surge this year on the back of renewed domestic demand and dwindling timber shipments from Brazil, Myanmar, Ghana and Gabon, industry sources said on Wednesday.
Japanese shipbuilder Kawasaki Heavy Industries Ltd plans to construct gas carriers abroad as it strives to lower costs and take market share from South Korean rivals.
Bright Food Group Co, the Chinese owner of British cereal maker Weetabix Ltd, said it is seeking acquisitions and has the ability to pay as much as 10 billion yuan ($1.6 billion) for a target.
Financial regulators must step up their oversight of the banking system to keep rising credit and liquidity risks under control, amid slower economic growth in China, top policymakers said on Tuesday.
Policymakers scramble for solutions to retain talent as more professionals search for greener pastures outside China, reports Lyu Chang
Sports lottery sales have taken off with the ongoing World Cup, and China's Internet titans are battling for a piece of that action as each seeks to boost its respective share of the mobile payments market.
Concerns that loosening controls over China's capital account may lead to strong volatility in capital flows are "overdone", Ma Jun, the chief economist at the central bank's research bureau, told a forum on Tuesday.
Premier Li Keqiang's recent trip to the United Kingdom has played a significant role in boosting bilateral relations, top business leaders from the UK said on Tuesday.
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Op Rana
Berlin Fang
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Liu Shinan
