Zhongwang USA LLC announced on Tuesday that US aluminum company Aleris Corporation would "operate as an independent entity" after acquisition including with regard to its location, management team and development strategy.
China's major manufacturers of self-balancing scooters, also called hoverboards, formed a sector branch on Tuesday under the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, aiming to build group and international standards to reenter the US market.
Hong Kong's retail industry may be in pain due to the dwindling number of tourists from the mainland, but the special administrative region's insurance sector is doing well on the back of support from mainland consumers.
Zhang Shuo, a Beijing-based agent of China Life Insurance Co Ltd, is concerned that customers are flocking to Hong Kong to buy insurance products.
Hong Kong insurers are hiring more and more mainland people to serve the increasing number of policy buyers from the mainland.
Denizens of Shenzhen, a city neighboring Hong Kong, were the first among the mainlanders to spark an insurance bonanza in the special administrative region. But gradually, they found new business opportunities in promoting Hong Kong insurance products to fellow mainlanders.
State Development & Investment Corp, the country's largest State-owned investment holding company by fund volume, will expand its investment categories from cement factories to nickel ore mines, power plants and ports in Indonesia over the next five years, said its senior executive on Monday.
China Petroleum and Chemical Corp, Asia's largest oil refiner, outperformed its domestic rivals in terms of the first-half profit, as its refining business helped it endure the worst turmoil in the oil industry.
Chinese commercial banks stepped up the issuance of housing mortgages and will continue to do so in the second half of this year, due to relatively good asset quality and the high returns of housing mortgages.
After two aborted test flights in as many days following a faulty air-conditioning system, Japan's first locally built passenger jet was back for checks and fixes amid delays to a program aimed at challenging the dominance of Brazil's Embraer SA and Canada's Bombardier Inc.
BYD Co Ltd, a major Chinese new energy vehicle manufacturer, posted a first-half profit increase of 384 percent to 2.26 billion yuan ($342 million) compared to the same period last year, mainly due to the increase in its new energy vehicle business.
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Raymond Zhou
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Chen Weihua
