HNA Hospitality Group, the hotel unit of Chinese conglomerate HNA Group, has ceased issuing 2 billion yuan (US$310 million) in corporate bonds, according to an announcement from the Shanghai Stock Exchange, The Paper reported. The company told The Paper that due to changes in the group’s financing needs, it decided...
Chinese artificial intelligence unicorn Cambrian said it has raised several hundred million in US funds during its latest Series B financing, and it is considering going public on the A-share market, Yicai.com reported. “We (will) consider listing on the domestic A-shares market in the future,” said Chen Tianshi, the CEO...
In a surprising announcement on Tuesday, Chinese handset maker Xiaomi suspended its ambitious dual listing plans for China and Hong Kong after receiving a detailed query from the mainland regulatory body, CSRC. This followed official feedback from the mainland regulator last Thursday on the Chinese company’s much-anticipated plan for a listing in...
Awareness of sustainability as a business concept is not lacking among business leaders in Asia. Influential conferences such as the Boao Forum for Asia, regional business media, and international thought leaders heavily promote sustainability as a”must have” element of a company’s strategic future. Yet many observers agree that concrete actions...
While the world’s strategic community remains engaged with Iran, North Korea and Palestine, an extremely volatile nuclear flash-point in South Asia – the India-Pakistan border – merits earnest attention. Since a ceasefire agreement in 2003, there have been numerous instances of ceasefire violations. In the first two months of...
Unwelcome early winners have emerged at the FIFA World Cup 2018 in Russia: fake ticket scalpers. After some Chinese fans were denied entry to early tournament matches, last weekend it emerged that around 3,500 fake World Cup tickets have been sold to Chinese buyers. This means that around 9% of the...
The fluctuations in A-share market on Tuesday were mainly affected by emotions, said Yi Gang, governor of the People’s Bank of China, responding to the 3.78% one day decline of the Shanghai Composite Index, Shanghai Securities Journal reported. Yi urges investors to stay calm and rational, saying that ups and...
China infrastructure fixed-asset investment (FAI) saw a sharp deceleration last month, according to a Goldman Sachs report. “Given the ongoing restrictions on local government debt, broader weakness in the May credit and activity data, and challenges from trade frictions between the US and China, fears about Chinese metals demand falling...
The current financial market has reasonable and stable liquidity, while economic and financial operations are also stable, the People’s Bank of China said on its official website on Monday, Yicai.com reported. The central bank pointed out that monetary credit and social financing have grown moderately. For example, by the end...
American tech giant Google has announced a US$550 million cash injection in Chinese e-commerce firm Jingdong, forming an extensive strategic partnership, The Paper reported. According to the agreement, Google will receive about 27 million shares of Jingdong’s newly issued Class A common stock at an issue price of US$20.29 dollars...