State-owned asset-operating group China Chengtong Holdings Group Ltd is raising a large-scale fund to help finance and speed up structural reform of the SOEs, its Chairman Ma Zhengwu said in Beijing on Thursday.
Chinese investors are keen to invest in overseas virtual reality companies that possess advanced VR technologies and can help Chinese enterprises expand to overseas markets, experts said.
China's central bank has chosen Agricultural Bank of China Ltd to clear yuan transactions in Dubai for the United Arab Emirates, sources with direct knowledge of the matter said on Thursday.
Wahby Park in St Clair Shores, Michigan, used to be a quiet spot for a dozen or so residents to go for a stroll around sunset. Then came hundreds of smartphone-wielding, garden-stomping Pokemon players.
Buy, buy, buy! Shopping is not the only purpose that Chinese people travel abroad, but it is reality that outbound travelers are spending huge to buy products from daily necessities to luxury items.
While the nonperforming loans outstanding for Chinese commercial banks continued to rise, the NPL ratio remained flat in the second quarter, said the China Banking Regulatory Commission.
Theo Spierings had deep experience from a range of leadership roles before he landed the job as chief executive officer of New Zealand's Fonterra Cooperative Group, the world's biggest dairy exporter known for its high-end milk products.
Delta Air Lines is spending $150 million this year on technology upgrades, including a better mobile app. But what CEO Ed Bastian never saw coming was a vulnerability to its reservations and operations servers that would cripple his airline for days.
Chinese internet major LeEco said on Wednesday it will invest 20 billion yuan ($3.02 billion) to build an auto park in Zhejiang province, as part of the group's broad plan to mass-produce electric cars.
Chinese outbound mergers and acquisitions hit a record in the first half of 2016, benefiting from smooth financing in the A-share market and the rise of financial investors, according to a report from PricewaterhouseCoopers on Wednesday.
Chinese banks are increasing their clout in financing international mergers and acquisitions. The nation's lenders were mandated lead arrangers on $19.9 billion of global syndicated loans for M&A this year, raising their share of that market to 4.4 percent from 0.9 percent in 2015, data compiled by Bloomberg showed.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
