China's third-largest oil producer CNOOC Ltd has teamed up with the privately owned CNPC&TAFO Petro Corp to jointly develop gas station businesses, a further step in the opening-up of the nation's energy sector.
China National Petroleum Corp, the country's largest oil and gas producer, said on Monday that it had appointed five outside directors and established a board, as part of its long-term efforts to boost performance and check corruption.
Retail prices of gasoline and diesel have been hiked by 165 yuan per metric ton ($26.80) and 160 yuan per ton from Tuesday, the nation's top economic planner said.
Chinese lenders have raised a record amount of funds offshore so far this year, and that trend is set to continue as banks replenish capital to meet regulatory requirements, analysts said.
Fosun International Ltd announced on Monday that it is investing in a Hollywood film company founded by former president of US film company Warner Bros Entertainment Inc, to tap the burgeoning film market in China.
Urban Rusnak, secretary-general of the Brussels, Belgium-based Energy Charter Secretariat, believes that the "New Silk Road" will provide several complementary advantages and win-win opportunities for nations that are part of the proposed economic corridor.
Most major multinational enterprises have emphasized that localization is critical for their China strategy as the Middle Kingdom is big, diversified and so different from the West.
Since the China Securities Regulatory Commission announced the rules for the Shanghai-Hong Kong Stock Connect program, institutions and investors have been gearing up for the new cross-border equity program, according to index provider MSCI Inc Managing Director Chia Chin-Ping.
Shortly after the outbreak of H7N9 avian flu in China in 2013, two of the country's biotechnology companies were quick to develop vaccines, put them through clinical trials and apply to get them on the market.
One of the most important and innovative pharmaceutical companies in Asia has its headquarters in a busy neighborhood of Seoul, nestled between insurance companies and banks, and not far from Seoul National University.
Innovation can help biotech companies cut costs, boost profits
One ongoing concern for people and governments in Asia is the rising cost of healthcare. Every year, governments spend more on caring for their population while the people themselves worry that treatments and drugs could prove to be too expensive.
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Berlin Fang
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Liu Shinan
