Twenty lighting product manufacturers in Guangdong plan invest in a light-emitting diode or LED industrial park in India.
Gains by Chinese mainland and Hong Kong stocks evaporated on Thursday, after the US Federal Reserve raised its short-term interest rate for the first time this year.
Hong Kong raised its interest rates by a quarter point to 1 percent on Thursday, with immediate effect according to a preset formula, for the first time in a year, following the 25-basis point upward shift of US federal funds rate last night.
The Chicago Stock Exchange has cleared a major hurdle as it attempts to sell itself to a Chinese-led investment group.
The year 2016 - widely regarded as the best to date for the Chinese online video live streaming industry - toward its close also saw the sector's authorities impose a number of tighter policies on the emerging industry.
The joint-stock commercial banks in China should establish rigid controls and prevent further growth of credit risks, said Shang Fulin, chairman of the China Banking Regulatory Commission.
China Petroleum & Chemical Corp, the world's biggest oil refiner, is reviving a long-mooted initial public offering of its retail business that could raise as much as $10 billion, people familiar with the matter said.
Vitol Group and China Petroleum & Chemical Corp, known as Sinopec, are the two final bidders competing to buy Chevron Corp's South African assets, which could be worth about $1 billion, according to people familiar with the matter.
China's Minsheng Financial Holding, US funds Apollo and Centerbridge - plus the private equity firm Lone Star - are leading attempts to buy Portugal's Novo Banco, which was carved out of Banco Espirito Santo (BES) in 2014, four sources told Reuters.
The KFC Health Foundation, sponsored by Yum China Holdings Inc, has announced five scientific research projects that it will support this year.
French cosmetics giant L'Oreal released a report on Thursday about its charity project that trains low-income Chinese women to learn how to use makeup.
An online self-evaluation system for Chinese charitable organizations was launched recently. It aims to help charities promote openness and transparency in their operations and fundraising.
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Raymond Zhou
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