Huawei banking on financial digitalization for faster growth

Huawei Technologies Co, one of the top telecom equipment suppliers in China, is banking on its efforts in promoting digital transformation for firms in the financial and other industries, to achieve a "much faster" year-on-year growth in its enterprise business this year.

HK exchange overhaul days away

Financial analysts contend that allowing dual-class company listings in Hong Kong should not compete with the proposed launch of Chinese Depository Receipts on the mainland, as the two different markets can attract different batches of enterprises for share listings.

Regulator to increase quotas for outbound investment

BEIJING - China will increase quotas for two pilot schemes that allow domestic investors to access foreign assets, as part of its broader efforts to open up the financial market, according to the country's foreign exchange regulator.

Fidelity unit sets up fund for smart tech

Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd, announced the launch of its dedicated technology fund for China on Tuesday.

Tencent, WWF team up to give green fight digital edge

Chinese internet giant Tencent has partnered with the World Wildlife Fund to promote ecological conservation in the country by taking advantage of digital technology.

Distiller sets up fund to preserve cultural heritage

Sichuan-based Shuijingfang Liquor Industry Co Ltd, one of the country's major rice wine distillers, last month set up the first fund in the industry for intangible cultural heritage protection in Chengdu.

HK textile and garments supplier helps pave way out of poverty

Hong Kong-headquartered textile and garments supplier Profits Fund Global Holding Ltd donated 333 hectares of mulberry trees to a county in Sichuan province, alleviating local poverty by developing organic silkworm growing, also known as sericulture.

IN BRIEF (Page 18)

US leather sector wary about tariffs

US hide and skin processors are concerned that the trade dispute between the United States and China may hurt their ability to compete globally, as the industry largely depends on foreign markets.

IRobot to further tap domestic market

With an eye to making China one of the largest markets for its robotic home vacuums, iRobot, a US consumer robot manufacturer, says it welcomes China's fast paced robotic development and is eager to leverage that by investing more in research and development.

Car battery manufacturers see losses, cite lower subsidies

Major Chinese automobile-related electric battery firms reported annual losses in 2017, though upstream material producers made handsome profits.

EU trade official blasts US tariffs

STRASBOURG - European Union Trade Commissioner Cecilia Malmstrom told reporters recently that US tariffs imposed on steel and aluminum are distorting global trade and may undermine global economic growth.