A town in Hebei has a grand plan to turn itself into the Vienna of the East
The term negative list has become a catchphrase since the Chinese government decided to adopt one list in its negotiations on a bilateral investment treaty with the United States last July. On Sept 30, China announced its first negative list in governing foreign investment, applying it to the Shanghai (China) Free Trade Zone.
The China Securities Regulatory Commission's decision to permit stock market access between the mainland and Hong Kong is likely to have a far-reaching impact on the Shanghai and Hong Kong bourses. Under the proposed plan, investors from the Chinese mainland and Hong Kong can freely invest in stocks listed in the reciprocal cities.
Alibaba is a curious phenomenon. The Chinese e-commerce market-maker has recently announced plans to list its shares on the US stock markets, through a massive initial public offering, making it the largest tech IPO ever. Following that, in terms of market capitalization, it would perhaps find its place between Facebook and Walmart, as some analysts predict.
Japan's direct investment in China plunged in the first four months of 2014, with many Japanese companies taking a wait-and-see attitude amid uncertain bilateral business relations.
Taxi clients using mobile applications to book cabs will no longer be subsidized by providers of those services, China's two most-used taxi-hailing app companies said on Friday.
The deceleration of China's economy may continue during the current quarter, but an uptick in some leading indictors point to improvement in the months ahead, an economist from a government think tank said on Friday.
Lee Beng-Hong, head of markets at Deutsche Bank China, rescheduled his interview with China Daily three times. He flies across the country to meet clients and business partners who want ever more to move the yuan in their pocket over the border.
China will further expand market access of foreign funds into the nation's securities industry and encourage Chinese cross-border businesses, Yao Gang, vice-chairman of China's securities regulator, said on Friday.
Since being acquired last year by China International Marine Containers (Group) Co Ltd, the world's largest container manufacturer, a once-bankrupt French airport equipment maker is now bustling with CIMC's orders from Chinese and French airports.
China CNR Corp Ltd, the world's largest train maker by sales, raised $1.2 billion in a Hong Kong share offering, with pricing at the low end after a recent rally in its Shanghai-listed stock.
China will shut down small, obsolete petroleum refining facilities as it pursues a two-pronged strategy of upgrading the industry's technology level while improving air quality, according to a document from the National Energy Administration.
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Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan
