China will further open up the segments of batteries of new energy vehicles and automotive electronics to foreign investment, to level the playing field in the world's largest auto market, according to a revised guidance by the National Development and Reform Commission and the Ministry of Commerce released on Wednesday.
ZTE Corp said on Tuesday it would spend up to $101.3 million to purchase a 48.04 percent stake in a leading Turkish telecom company, as the Chinese telecom equipment maker ramps up efforts to expand its business in the Middle Eastern country.
China's high-spending tourists are reaching some of the most remote parts of Europe - evidenced by the fact that the Chinese payment platform Alipay gained acceptance at more than 100 shops, restaurants and hotels in the northern Finnish city of Rovaniemi within a month.
China's aviation and shipping conglomerate HNA Group closed a $6 billion acquisition of the world's top IT products distributor Ingram Micro Inc on Tuesday.
Foresea Life Insurance Co, a unit of private conglomerate Baoneng Group, said on Tuesday it will "consolidate" its universal life insurance business to meet regulatory requirements by the end of this month.
Sanofi is considering a counterbid for Actelion Ltd, potentially challenging a move by US healthcare giant Johnson & Johnson to acquire Europe's largest biotechnology firm, people familiar with the matter said.
The Ministry of Finance on Tuesday issued preferential tax policies for companies engaged in debt-reducing corporate restructuring.
Overseas investors showed greater interest in Shenzhen-listed shares as the long-awaited, second cross-border stocks "through train" between Hong Kong and the Chinese mainland rolled off the tracks on Monday despite a slow start amid global economic uncertainties.
China will become the world's largest robo-adviser market thanks to its growing middle class and the popularity of the mobile internet, according to a report released by CreditEase Corp and Bloomberg LP.
Business activity in China's services sector expanded to a 16-month high in November, according to a private survey released on Monday.
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Raymond Zhou
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Chen Weihua
