China's main indexes edged lower on Tuesday, as investors took profits after a recent strong rally fueled by reforms hopes.
Yunfeng Capital - the fund backed by Chinese e-commerce billionaire Jack Ma, and HNA Group Co - is among participants preparing second-round bids for stakes in Spanish audiovisual company Imagina Media Audiovisual SL, according to sources with knowledge of the process.
The growing presence of Chinese companies at the Consumer Electronics Show indicates a stronger-than-ever desire to crack the US market, as they work hard to gain an edge in high-end gadgets, analysts said on Monday.
The new Nokia-branded smartphone may not be able to compete with Chinese local handset brands, as the country now represents the most competitive smartphone market in the globe, analysts said on Monday.
China's e-GDP, a monetized measurement of the digital economy, will grow to around $16 trillion by 2035, while about 415 million job opportunities will be created, according to a report released by the Boston Consulting Group.
Guangzhou Automobile Group Co, which produces cars in China with Fiat Chrysler Automobiles NV, plans to start exporting its own brand of automobiles to the US next year and become the first Chinese carmaker to begin retail sales to US consumers.
China's growing middle class and changes in the family policy mean the country is a rapidly growing market being targeted by UK toymakers, according to UK-based toy expert John Baulch.
Air Products & Chemicals Inc said it made an offer to buy China's biggest producer of industrial gases, the latest for an industry that has seen a trend of consolidation globally.
BYD Co, China's largest electric vehicle maker, plans to set up two new factories in Latin America this year to produce electric buses, as it seeks to overcome obstacles in selling them to more cities at home.
China stocks started the week on a firm note, led by defense stocks, as more central State-owned enterprises (SOEs) mulled plans to push mixed-ownership reforms. The blue-chip CSI300 index rose 0.5 percent on Monday to 3,363.90 points. The Shanghai Composite Index also added 0.5 percent, to 3,171.24 points.
UBS Group AG said on Monday that the trading volume of China's A shares by its overseas clients will likely double in 2017, as China continues to liberalize its capital markets, according to a senior executive of the Swiss bank.
Loan bankers in Asia are relying on companies' merger and acquisition activities and China's Belt and Road Initiative to fuel loan growth this year after volumes in the region stagnated in 2016.
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