The inclusion of China domestic shares in certain MSCI global indices is the big event of the week, and will have a stabilizing effect on what has always been a choppy and opaque market. But the point is that while the funds make it less choppy, it is unlikely any time soon to be less […]
Category: Business Practice
Troubled state asset manager China Huarong has been appointed a new anti-graft head after the company’s former chairman was put under investigation by state regulators a month ago. Wu Jinglong, a veteran anti-graft official with previous senior positions at the supervisory bureau of the China Banking Regulatory Commission, was appointed by the commission’s present equivalent […]
China’s largest social media and gaming platform operator Tencent Holdings is entering into a joint venture with Wanda Group’s real estate arm, the South China Morning Post reports, as it hopes to compete with market rivals as a “smart” retailer. Tencent has said it plans to take a 42.5% stake in the new venture, with […]
TECH GIANTS
China has approved Qualcomm’s $44 billion takeover bid for Dutch semiconductor manufacturer NXP on the condition that the US lift the seven-year ban on US companies doing business with Chinese telecoms firm ZTE, sources told Bloomberg. China is satisfied with all the offerings and assurances given by Qualcomm regarding market competition following the merger with […]