HONG KONG - The mainland's largest provider of on-demand online services Meituan-Dianping has tapped Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley to work on a Hong Kong float that could see it list as early as this year, according to people with knowledge of the move.
Eric Heitz, CEO of the Energy Foundation, said China's launch of a carbon market is a milestone that will help tackle pollution and climate change and suggested that in the future, more sectors should be covered in addition to power generation.
China Construction Bank Corp is exploring long-term home leasing as a way to offer financial services to high-quality clients, and is helping to reduce housing inventory.
CHONGQING - Long and big-bellied Rongchang pigs have long provided ideal pork for a Chinese delicacy called Huiguorou, or stir-fried pork slices in spicy sauce, but now, the fame of the pig breed is transcending the catering and restaurant industry.
Strong, stabilizing foreign policies such as the Belt and Road Initiative are helping to connect China to the wider world, especially through infrastructure investment, high speed trains and major construction projects around the world, a new survey said.
China Merchants Bank (CMB) is looking to set up a wholly-owned asset management arm, the first commercial bank to do so if it is approved, in response to regulators' ramping up efforts to counter risks linked to a vast shadow banking sector.
Private equity investment firm KKR & Co plans to boost investment in China with a focus on technology and consumer-related sectors and will set up a new technology fund in the country, according to a senior executive of the firm.
NEW DELHI - A trade promotion group organized by China's Ministry of Commerce is currently visiting India to strengthen economic and trade ties and pragmatic cooperation between the two countries.
China expects to become the second-largest market for wine by 2021, replacing the United Kingdom, as young consumers' preferences are evolving, experts said.
Rising popularity of sports and physical exercise among health-conscious Chinese is encouraging Skechers, the California-headquartered sports brand that makes a variety of footwear, trainers, apparel and casual wear, to target $1.9 billion in retail sales revenue in the China market for 2018.
The Insurance Association of China issued licenses to three companies recently, including one branch of Meituan Dianping, a dining information website.
BEIJING - China's listed iron and steel producers have posted strong profits for 2017 as the country's production capacity cuts reduced outdated supply and led to rising steel prices.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
