On a visit to Burma in December, President Jiang Zemin signed several pacts on co-operation and border security. China is especially concerned about the level of drug trafficking that occurs on the border between the two countries. According to Chinese statistics, annual bilateral trade totals US$600m, making China Burma’s third largest trading partner after Singapore […]
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The prime minister of Mongolia, Nambaryn Enkhbayar, went a six-day official visit to China in January, seeking to bolster economic ties with his country’s southern neighbour. He said he wanted to increase the amount of foreign investment in mineral-rich Mongolia. China has so far invested more than US$140m in Mongolia, more than any other country. […]
Chinese fund managers have been criticised for apparently breaking rules on the purchase of shares during the listing of Shenzhen Expressway in December, reported the Financial Times. The official in charge of the China Securities Regulatory Commission, Zhang Jinghua, said he was angry that several funds had applied to buy shares with a value in […]
The head of the China Insurance Regulatory Commission has encouraged domestic insurance companies to “establish modern corporate systems” so that they are better able to face competition from foreign companies following China’s entry to the World Trade Organisation. Ma Yongwei said that state insurance companies should sell their stakes to foreign firms, form joint ventures […]
New licences were issued to foreign insurers just a day after China’s accession to the World Trade Organisation. The Shanghai joint venture of Manulife Financial was allowed to open a branch in Guangzhou. MetLife and New York Life International, both from the US, have been granted licences to set up ventures with domestic firms to […]