Umberto Gandini, chief executive officer of Italian Serie A football club A. S. Roma, and Dariusz Mioduski, owner of Polish club Legia Warszawa said on Tuesday at the 11th Dubai International Sports Conference that the rise of Chinese investors in the European football league was a blessing for the most popular sport on the continent.
Asia Fintech FOF, a 10-billion-yuan ($1.44 billion) fund of fund, was launched in Beijing on Tuesday, aiming to seek investment opportunities and fuel mergers and acquisitions in the fast-growing financial technology sector.
HNA Group, the parent company of Hainan Airlines, plans to play a bigger role in advancing transportation services next year for multilateral cooperation in countries along the Belt and Road Initiative areas, its CEO Huang Qijun said.
China has independently developed a software for resources exploration that aims to raise the operational efficiency of oilfields and coal mines, a process which promises to break the monopoly of international companies in the sector.
The latest scandals in the Chinese bond market have revealed weak internal risk control at financial institutions, which may help accelerate the reform of China's financial regulation toward a more coordinated regime, analysts said on Monday.
Global stocks were mixed on a day when many markets were closed for a holiday. Japanese shares fell as the yen gained against the dollar, while Chinese equities recovered from earlier losses.
With the current trend toward globalization being challenged by rising protectionism, the China-proposed Belt and Road Initiative provides insight into building a new mode that better suits world development, Chinese analysts said on Monday.
China's fledging new energy vehicle sector is confronted with the risk of severe overcapacity as traditional automakers and fresh faces are rushing to exploit the segment that is believed to be the largest gold mine of the automotive industry.
Volkswagen took an important step in digging out from its emissions-cheating scandal by reaching a $1 billion agreement to settle lawsuits over tainted 3.0-liter diesel engines.
Ye Xiaobai has made up his mind to buy a car with a license from neighboring Hebei province, although such a car is not allowed to go downtown during rush hour on work days in Beijing.
Clustered on a shelf in Tim Hightower's locker at the New Orleans Saints training center this week were three footballs - symbols of how far he's come since a 2011 knee injury that sidelined him for more than three seasons.
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