Government News
Tencent Becomes Sole Owner of E-Book Platform China Literature - October 23, 2022
Chinese internet behemoth Tencent Holdings is the only shareholder of China Literature, and the founding team no longer holds any equity in the online reading website, according to corporate registration data.
Global drugmakers eye dividend from China's medical reforms - October 23, 2022
The further healthcare reforms proposed in the work report to the 20th National Congress of the Communist Party of China will open up new opportunities, according to executives at medical companies.
Hainan Mining's shares jump by daily limit on major oil, gas discovery in South China Sea - October 23, 2022
Hainan Mining's stock price soared by the daily limit after the oilfield developer backed by Chinese conglomerate Fosun International announced a major discovery at its crude oil and natural gas project in the South China Sea.
Foliday's revenue more than doubles in first nine months as international travel picks up - October 23, 2022
Revenue at Fosun Tourism Group, the Chinese owner of ClubMed and Thomas Cook, more than doubled in the first three quarters from the same period last year as its overseas tour operators experience a strong recovery as more countries lift travel restrictions following the Covid-19 pandemic.
BMW to move production of the electric Mini to China by the end of 2023 - October 20, 2022
BMW is to move the production of electric Minis from the United Kingdom to China before the end of next year.The German auto giant makes 40,000 electric Minis a year at its Cowley plant in Oxford, whi
Baowu Steel Unit to Take Over RSM Group to Cement Place in Lightweight Car Parts Market - October 19, 2022
A unit of China's Baowu Steel Group, the largest global steelmaker, intends to buy a controlling stake in RSM Group, a leading Chinese supplier of magnesium alloys, to help the former consolidate its position in the country's market of lightweight steel products for cars.
Traditional Chinese Medicine Must Continue to Modernize, National Congress Says - October 19, 2022
China should continue to promote the innovative development of traditional Chinese medicine and advance the realization of Healthy China 2030, a major reform of the country’s healthcare system, according to a report released by the ongoing National Congress of the Communist Party of China yesterday, which lays out the blueprint for the country’s economic development.
BlackRock to Stay Bullish on Chinese Assets in Long Term, China Chief Says - October 19, 2022
BlackRock is taking a long-term bullish view on China’s asset market and looks forward to the launch of new short-term trading rules, the head of the world’s largest asset manager’s China operations told Yicai Global.
Bulk of Shanghai-Traded Firms Report Third-Quarter Profit Growth - October 19, 2022
Ninety-six percent of the firms listed on the Shanghai Stock Exchange that have so far made public third-quarter earnings had grown their profits from a year earlier.
China’s Consumer Inflation Hits 29-Month High in September; Pressure Will Ease, Analysts Say - October 16, 2022
China’s consumer price index, a gauge of consumer inflation, increased at the fastest clip since May 2020 in September, driven up by big jumps in the price of pork and fresh produce. But inflation should stay within 3 percent this year as there is weak demand, analysts said.
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