Economic review

Regulator denies restricting overseas remittances of Wanda Group

2017-09-20 13:23:00

Chinese regulators have neither imposed limits on the "authentic and legal" capital remittance by property developer Dalian Wanda Group nor restricted domestic banks from offering overseas loans to the company. Full Story

Banks raise interest rates on first-home mortgages in Beijing

2017-09-20 12:40:00

Commercial banks in Beijing have hiked interest rates on first-home mortgage loans by five to 20 percent more than benchmark lending rates, Beijing News reported on Wednesday. Full Story

Hong Kong Monetary Authority issue additional Exchange Fund Bills

2017-09-20 11:10:00

The Hong Kong Monetary Authority (HKMA) announce on Tuesday to offer additional Exchange Fund Bills totaling 40 billion Hong Kong dollars (5.12 billion U. S. dollars). Full Story

China's Fosun Pharma to buy reduced stake in India's Gland Pharma

2017-09-20 11:06:00

China's Fosun Pharmaceutical plans to acquire a 74-percent stake in Indian injectables manufacturer Gland Pharma for nearly 1.1 billion U.S. dollars, in a bid to salvage a stalled deal that would be the biggest takeover by a Chinese firm in India. Full Story

Hong Kong needs to reform pension fund system: PwC report

2017-09-20 11:06:00

Hong Kong's pension fund, Mandatory Provident Fund (MPF), a system which covers 73 percent of the employed population in Hong Kong, needs to address problems to manage risks, a PricewaterhouseCoopers (PwC) report said on Tuesday. Full Story

UAE's biggest industry zone signs agreement with China to boost trade

2017-09-20 11:02:00

Dubai Multi Commodities Centre (DMCC), the biggest industry free zone in the United Arab Emirates (UAE), said on Tuesday that it has signed a deal with China to boost bilateral trade and economic ties. Full Story

Bookstores open a new chapter

2017-09-20 10:59:00

Xinhua group explores ways to boost growth and improve customer service with internet-based ideas and style Full Story

Intel expects Chinese tech to see growth

2017-09-20 10:53:00

Intel Corp said on Tuesday that it will step up efforts to grow its semiconductor manufacturing business in China, as the US chip giant brings advanced technologies to the country. Full Story

Toys 'R' Us 'unaffected' by financial woes

2017-09-20 10:46:00

Leading U.S. toy retailer Toys 'R' Us Inc's joint venture in China will be unaffected by the company's financial restructuring in the United States, said its Asia president on Tuesday. Full Story

Project with Ukraine to bolster nation's aircraft engine capability

2017-09-20 10:43:00

China is working with Ukraine on an industrial park to build aircraft engines, a joint venture expected to extensively boost China's research, development and production capabilities in that area, according to project insiders. Full Story