The Chinese tech giant has expressed its support for Meng. Photo: AP The Canadian extradition proceedings of Huawei Technologies former chief financial officer Meng Wanzhou hinge on allegations she made a fraudulent presentation to HSBC in 2013 over the technology giant’s business ties in Iran, but recently revealed documents show the bank had been aware […] Read more
A top Chinese commission in charge of the country’s financial industry, led by Vice-Premier Liu He, has held five meetings in the past 40 days, reflecting a shift in focus to domestic issues ahead of the potential signing of a trade truce with the United States. The China Financial Stability and Development Committee convened for […] Read more
China is the world’s largest manufacturer and consumer market for cars. Photo: Xinhua Beijing is aiming to boost exports of China-made foreign vehicles in coming years as domestic car sales slump and restrictions on overseas firms are loosened, according to a government report. Manufacturers like Ford Motors, GM, BMW and Honda are expected to expand […] Read more
If you have an online business, then I’m sure you want to achieve maximum profits. However, lots of other businesses have moved online, which means there is stiff competition. To counter this competition, hire the services of a top digital marketing agency. The professionals here focus on the marketing trends available online to propel your […] Read more
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
