Is China the next big step for Facebook after IPO?
By Ariel Tung in New York (China Daily) Web company hints at country for market expansion in prospectus Friday will bring the biggest initial public offering of an Internet company ever when 421 million shares of Facebook Inc begin trading on the Nasdaq Stock Market in a sale expected to raise as much as $16 [...]
Chinese airlines stand firm against EU’s emissions trading scheme
By Wang Wen (China Daily) Chinese airlines will continue to oppose the European Union arrangement used to reduce greenhouse gas emissions, despite the EU’s warning that it might take punitive measures in response, the China Air Transport Association said on Thursday. “Chinese airlines’ opposition to the Emissions Trading Scheme has not changed, and Chinese airlines [...]
China hopeful two new PHL envoys to help fix strained ties
China holds high hopes the Philippines’ designation of two special envoys to CHina will help fix bilateral ties strained by a month-old standoff at Panatag (Scarborough) Shoal. Foreign Ministry spokesman Hong Lei cited reports President Benigno Aquino III wants veteran banker Cesar Zalamea and Philippine-Chinese business leader Domingo Lee to do the job. “We hope [...]
China must speed new financial instruments launch
BEIJING – China should quicken the pace of launching new financial instruments and capital markets must to be strengthened to improve their contribution to supporting economic activity, central bank governor Zhou Xiaochuan said on Wednesday. “China needs to quicken the pace of liberalising financial instruments such as government bond futures, commodities options and interest rate [...]
Hollywood Moves on China No Matter What SEC Probe Finds
By Michael White – May 17, 2012 Hollywood studios are moving ahead with plans to make and sell movies in China, a sign the industry’s push to expand in the third-largest film market will proceed without being slowed by a federal inquiry. News Corp. (NWSA), owner of 20th Century Fox, this week bought a stake [...]
China opens doors for foreign investors but retains control: CSRC
The Chinese government is making gains in modernizing the country’s financial sector and its capital account is already far more convertible than before. Foreign institutions, however, are calling for more loosening of controls over investments in the nation’s stock markets. Guo Shuqing, the chairman of the China Securities Regulatory Commission (CSRC), believes that China is [...]
China’s anger over Cameron’s meeting with the Dalai Lama
Today’s English language edition of The Global Times, a State run newspaper, carries an article calling for “high level communications” between the UK and China to be suspended for a “certain time”. Adding that “Reducing economic co-operation will bring damage to both sides, but for China, it’s necessary to safeguard national unification”. Similar articles are [...]
News Corp targets China’s vast film industry with Bona deal
News Corp. is purchasing a 19.9 percent stake in China’s Bona Film Group Ltd. (NASDAQ:BONA), a movie distributor and producer, as it looks to position itself in a fast-expanding market and grow its China film footprint. Films in China hold great promise — box-office receipts rose 28.6 per cent last year to 13.12 billion yuan [...]
China’s ‘small stick’ approach to West Philippine Sea
By DAVID LAGUE, Reuters HONG KONG – In a monthlong standoff between China and the Philippines over a disputed shoal in the West Philippine Sea (South China Sea), Beijing has so far refrained from sending warships from its increasingly powerful and modern navy to enforce its territorial claims. Instead, China has deployed patrol vessels from [...]
China airline cuts flights to Philippines
BEIJING, May 15 (Xinhua) — China Southern Airlines, one of the three major Chinese airlines, on Tuesday announced it is cutting flights to the Philippines as tourist numbers shrink amid tensions in the South China Sea. China Southern will reduce its number of flights between China’s Guangzhou city and Manila, capital of the Philippines, to [...]