China Tower eyes $10b HK offering

China Tower Corp, a mobile communication infrastructure company that runs almost all of the mainland's telecom towers, is aiming to raise up to $10 billion in its Hong Kong initial public offering.

Ex-CSRC vice-chairman pleads guilty to graft

The former vice-chairman of China's top securities regulator Yao Gang pleaded guilty to bribery and insider trading at his trial on Wednesday in Handan, Hebei province.

Temasek bets big on investments in fintech sector

Singapore-based investment firm Temasek International Pte Ltd said on Wednesday that its net portfolio value in China rose to $60 billion by the end of March, compared with approximately $50 billion during the same period a year earlier.

State Grid vows to boost its regional investment

Beijing-based State Grid Corp of China has pledged to invest 21 billion yuan ($3.2 billion) over the next three years in power grid construction in China's poverty stricken regions.

Mirae Asset set to establish youth exchange programs

South Korean financial investment group Mirae Asset has announced a series of exchange programs including the Mirae Asset Global Leader Youth Camp and the Global Culture Exchange Program to send 300 South Korean teenagers to Shanghai in August and October to boost educational and cultural exchange.

Fonterra continues its backing for rural schools and students

New Zealand-based dairy producer Fonterra has been working with schools and students in Shanxi and Hebei provinces since 2017, providing self-defense training and teaching English, computer skills, natural science and music, as well as donating books and laptops.

IN BRIEF (Page 18)

Battery maker to set up unit in Germany

Contemporary Amperex Technology Ltd will invest 240 million euros ($281 million) on a production base in central Germany, as part of the company's efforts to expand its presence in Europe.

Starbucks confident on China turnaround

Starbucks Corp's outgoing Executive Chairman Howard Schultz told Reuters on Monday that a recent slowdown of its business in China would be short-lived, seeking to ease investor concerns that the US coffee chain is under pressure in the fast-growing market.

Deleveraging efforts at central SOEs gather speed

China has stepped up its efforts to reduce leverage and debt at its centrally administered State-owned enterprises by asking the national assets regulator to sign liability certificates with six central SOEs.

Hainan eyes sustainable development route

Hainan Governor Shen Xiaoming reiterated that the province will wean itself away from too heavy a reliance on property, instead focusing on sustainable development in areas such as tourism, modern services and high-tech industries, in line with the blueprint charted by the central government.

Tropical paradise welcomes the world

The tropical island province of Hainan is transforming into an international tourism destination in line with the central government's development blueprint, focusing on upgrading its tourism products, infrastructure and services.