Shares in the property developer arm of China Minsheng Investment Group surged today after a banking consortium agreed to stump up funds to restart the revamping of Daxing Street, a densely-packed old ... ( read original story ...)
China’s SMIC to invest $8.87 billion for new chip plant in Shanghai
China's Semiconductor Manufacturing International Corp will invest $8.87 billion to build a chip plant in Shanghai, it said on Friday, expanding capacity amid a global chip shortage as Beijing pushes ... ( read original story ...)
LIC’s IPO: Get Cash, Get Adventurous, Get A Huge Foreign Policy Triumph
The government could be betraying a terrible lack of confidence, and thereby missing a trick with the LIC IPO, writes Raghav Bahl. ( read original story ...)
Xi says China will set up 3rd stock exchange in Beijing
President Xi Jinping says China will set up its third stock exchange to serve private companies in the capital, Beijing. ( read original story ...)
BRICS bank NDB admits UAE, Uruguay, Bangladesh as new members
NDB has initiated its membership expansion and started formal negotiations with prospective members in late 2020, the bank said in a press release. ( read original story ...)
BNP Paribas in Talks With Chinese Bank on Wealth Management Venture, Sources Say
BNP Paribas is in talks with Agricultural Bank of China (AgBank) to form a wealth management venture, sources said, as the French financial services group seeks a bigger share of China's $19 trillion ... ( read original story ...)
BRICS development bank admits UAE, Bangladesh, Uruguay as new members
The New Development Bank (NDB) set up by the BRICS group of nations said on Thursday it had admitted the United Arab Emirates, Uruguay and Bangladesh as members in its first expansion push. ( read original story ...)