China’s largest gold mining company Zijin Mining is acquiring Canada’s Allied Gold in an all-cash deal valued at about $4 billion. This is the first major cross-border transaction since Canadian Prime Minister Carney’s recent visit to Beijing, which saw a thawing of several years of diplomatic tensions. The announcement came as gold prices reached a […]
Category: Investment
China is expected to finish construction on the Pinglu Canal before the end of this year, reports the South China Morning Post. This would mean it has taken just four years to complete the RMB 72.7 billion (US$10.4 billion) project, which aims to boost trade links with the country’s top export destination: Southeast Asia. The mega-project […]
China’s Anta Sports Products said on Tuesday it would buy a 29.06% stake in Puma for €1.51 billion ($1.79 billion), reports Reuters. The deal will make it the biggest shareholder in the German sportswear maker. The Hong Kong-listed company will pay €35 per share in cash for 43 million Puma shares, Anta said in a stock exchange […]
China’s banking wealth management market expanded to a record RMB 33.29 trillion ($4.8 trillion) in 2025, up 11.15% from the year start, reports Caixin. This comes even as average investor returns slipped below 2% for the first time, highlighting the disconnect between asset growth and yield performance. The industry’s growth underscores the continued enthusiasm of China’s […]
China’s investment in the Belt and Road Initiative increased by three-quarters to a record $213.5 billion in 2025, reports the Financial Times. This surge comes as Beijing sought to take advantage of wavering US influence around the world by increasing funding in development projects. The boost in new investment and construction deals was dominated by gas […]