Post Tagged with: "China Business"

Should Beijing prop up stock markets to combat its slowest economic growth since 1990?

Should Beijing prop up stock markets to combat its slowest economic growth since 1990?

China?s faltering stock markets, compounded by an economy that is growing at its slowest pace since 1990, have incited a heated debate among think tanks and analysts on whether Beijing should step in to help shore up investor confidence. The benchmark Shanghai Composite Index ? the world?s worst performer among […]

Anbang explores sale of Manhattan office tower, Chinese insurer as it unwinds overseas acquisitions

Anbang explores sale of Manhattan office tower, Chinese insurer as it unwinds overseas acquisitions

Anbang Insurance Group, which symbolised the era of mega-acquisitive Chinese companies that later had to reverse their buying binges, is continuing to whittle down its empire. The Beijing-based conglomerate is exploring the sale of the Manhattan office building that houses its US headquarters, according to people with knowledge of the […]

China is poised to grant more majority-owned licenses to Wall Street banks in the next six months, regulator says

China is poised to grant more majority-owned licenses to Wall Street banks in the next six months, regulator says

A top Chinese regulator said more approvals will be given in the next six months to global banks seeking majority ownership in their local securities ventures, as authorities vowed to allow foreign firms greater access to its US$40 trillion financial sector. ?We do have a few companies in the process […]

Entrepreneurs should focus on the problem, not the technology, says Alibaba?s Joe Tsai

Entrepreneurs should focus on the problem, not the technology, says Alibaba?s Joe Tsai

Entrepreneurs looking to build successful start-ups should strive to solve problems in society, which will in turn create value and result in monetisation, according to Alibaba Group Holding executive vice-chairman Joseph Tsai. ?Most start-up companies start with a technology or an idea ? [and then] search for a problem to […]

Chinese consortium sees off Hong Kong rivals in ferocious bidding war for prime Shanghai commercial land, ending their stranglehold

Chinese consortium sees off Hong Kong rivals in ferocious bidding war for prime Shanghai commercial land, ending their stranglehold

A Chinese consortium has outbid Hong Kong developers in a ferocious bidding war for a much coveted plot of commercial land in the heart of Shanghai. The group led by China Resources Land paid a record-breaking price for the plot after winning a bitterly contested auction that lasted for more […]