Chinese state-owned banks have given the owners of failing Hong Kong Airlines a HK$4.4 billion loan, the group said in a filing to the Shanghai Stock Exchange late on Monday. HNA Group had earlier obtained the 4 billion yuan cash injection, and said the money would be used for aviation fuel, aircraft expenditure, operational expenses […] Read more
Ongoing civil unrest in Hong Kong is the biggest geopolitical threat to global markets, an economist told China Daily Network Thursday. Speaking to China Daily Network’s “Street Signs Europe,” Holger Schmieding, chief economist at Berenberg, said the worst-case scenario was “pretty clear” after President Donald Trump signed two bills backing protesters in Hong Kong. The […] Read more
Foreign direct investment (FDI) happens when the investors get a controlling interest in a company from another country. The controlling interest can be less than 100% or even 100 percent. It is necessary to know the difference between the stock of FDI flow and FDI and When discussing foreign direct investments. The flow of FDI […] Read more
Alibaba is planning a secondary listing in Hong Kong which is likely to take place in the last week of November and raise approximately $13 billion, a source with direct knowledge of the matter told China Daily Network. The Chinese e-commerce giant will issue 500 million new ordinary shares plus 75 million “greenshoe” options, the […] Read more
Cathay Pacific will transfer 16 orders for narrowbody Airbus aircraft to HK Express, its newly acquired budget airline, in a move that underscores confidence in the low-cost carrier and the entire group’s long-term prospects despite recent turmoil, an analyst said. Cathay on Friday said its order for 32 Airbus A321neo single-aisle jets would be split […] Read more
China’s all-consuming focus on sealing a US trade dealforced its top trade negotiator to cancel a trip to Brussels, raising the risk of Europe being pushed “off a cliff”, according to the head of a leading European business group in Beijing. Joerg Wuttke, president of the European Union Chamber of Commerce in China, said on […] Read more
Huawei captured a record share of China’s smartphone market in the third quarter as its device shipments soared at the expense of rivals, according to new data from research firm Canalys. Canalys said Huawei shipped 41.5 million smartphones in China in the third quarter, representing 66% growth year-on-year. The Chinese tech giant now commands 42% […] Read more
The weaponisation of space is becoming increasingly likely, following last week’s record-breaking test flight by the US Air Force’s X-37B space plane, military observers said. The world’s only reusable space vehicle, the Boeing X-37B, returned to Nasa’s Kennedy Space Centre in Cape Canaveral, Florida on Sunday after 780 days in orbit. According to the US […] Read more
Wealth has continued to leave China despite strict government controls, according to estimates from analysts, as trade talks that could help stabilise the yuan exchange rate against the US dollar and ease capital outflow pressures continue between Beijing and Washington. Officially, the State Administration of Foreign Exchange (Safe), China’s foreign exchange regulator, has maintained that […] Read more
In the midst of rising Western criticism and a trade war with the United States, China significantly accelerated the number of reforms it carried out this year or has planned for next, according to a World Bank report published on Thursday. This “eagerness to reform” has seen China jump from 45th to 31st in the […] Read more
