Calyon Financial Group has agreed to form a joint-venture futures brokerage with China Citic Group to stake a claim in the Chinese mainland’s potentially lucrative futures market.
Calyon Financial, owned by France’s Credit Agricole, has signed the agreement through its Hong Kong arm with Citic East China (Group) Corp, a Citic Group unit, according to a [...]
China will soon allow domestic companies to freely import a wide range of materials and products, in a move to achieve trade balance.
From April 1, Chinese firms will no longer need to apply for an import license to import products in 338 categories, the foreign trade department of the commerce [...]
East China’s Shandong Province, a traditional agricultural production base, exported 1.63 billion U.S. dollars worth of farm produce in the first two months of this year, a growth of 46.1 percent year-on-year, local customs sources said on Thursday.
The total included 400 million dollars worth of aquatic products, up 41.4 percent, [...]
The domestically-listed Sichuan Changhong Electric Co., Ltd., a leading TV manufacturer in China, started a production facility in Czech Republic Wednesday, company sources confirmed on Thursday.
The project is the first overseas production base wholly owned by a Chinese home electrical appliance enterprise.
The project cost 10 million U.S. dollars, involving a total workshop space of 10,000 [...]
United Commercial Bank, a leading U.S. bank serving the Chinese people and American companies doing business in China, said it will acquire Shanghai’s Business Development Bank (BDB) for 205 million U.S. dollars, the latest foray by a foreign bank into China’s lucrative banking sector.
The U.S. bank has signed agreements to acquire 100 percent of the [...]
Hong Kong’s inward investment promotion department, Invest Hong Kong, opened a dedicated service center Wednesday in China’s southwestern Sichuan Province to help mainland companies invest in the special administrative region.
The center, in the provincial capital of Chengdu, is the first of its kind in western China. Its opening is in response to the rapidly growing [...]
