UBS first foreign bank approved for majority stake
Beijing – China’s securities regulator on Friday gave approval for UBS Group (UBSG.S) to hold the majority stake in its securities joint venture, making it the first foreign bank to take such control under new rules announced by Beijing last … Continue reading UBS first foreign bank approved for majority stake
China : Accelerating the free trade zone strategy
Beijing – The Framework Agreement on Comprehensive Economic Cooperation Between China and ASEAN was signed in November 2002. It was China’s first free trade zone treaty that ushered in an FTZ era in the country. The CPC elevated free trade … Continue reading China : Accelerating the free trade zone strategy
China promotes comprehensive strategic partnership
Port Moresby – Chinese President Xi Jinping and eight Pacific island countries’ leaders and officials met in the Papua New Guinea (PNG) capital on Friday and agreed to elevate their relations to a comprehensive strategic partnership featuring mutual respect and … Continue reading China promotes comprehensive strategic partnership
China says far from national CO2 scheme
Beijing – China still needs to do a lot of work before it can fully launch its long-awaited nationwide carbon emissions trading scheme and will gradually phase in the system that is already running behind schedule, a senior government official … Continue reading China says far from national CO2 scheme
China: Two more foreign financial institutions licenced
Shanghai – China has given the go-ahead for two more foreign financial institutions to set up local subsidiaries, the country’s banking and insurance regulator said in a notice on Sunday, bringing the total number of approvals to 12. Germany’s Allianz … Continue reading China: Two more foreign financial institutions licenced