Business

China CITIC Bank opens London branch

China CITIC Bank, one of China's leading commercial banks, has launched a London branch. It is the first China CITIC Bank overseas branch. 

China A-shares to join FTSE GEIS on June 24

FTSE Russell, a leading global multi-asset index, data and analytics provider, announced Friday that it will add Chinese A shares to its widely-tracked global benchmarks commencing June 24.

China's top court unveils guideline to support sci-tech innovation board

China's top court unveiled a guideline Friday to offer judicial guarantee to ensure the newly launched science and technology innovation board and the pilot registration-based IPO reform run smoothly.

Apple recalling MacBook batteries in China

U.S. tech giant Apple has begun recalling some 63,000 MacBook batteries in China for over-heating problems. 
 

US tech giants object to new computer tariffs

Leading United States tech giants are joining forces to oppose Washington's proposal to include laptops and tablet devices among around $300 billion in Chinese imports targeted for additional tariffs of up to 25 percent.

Harley, Qianjiang to launch small-engine motorcycle in China

America's motorbike manufacturing giant Harley-Davidson has teamed up with China's Qianjiang Motorcycles on a small-engine motorcycle, according to an announcement on Qianjiang's website on Wednesday.

Adidas loses EU court battle over 'three stripe' design

German sportswear giant Adidas on Wednesday lost a legal battle to trademark its "three stripe" motif in the EU, as a court ruled the design was not distinctive enough to deserve protection.

China online sellers see robust sales in mid-year shopping spree

Major Chinese online shopping platforms have posted strong sales growth in a mid-year shopping festival that underlines robust consumer spending in the world's second-largest economy.

China launches anti-dumping probe into synthetic rubber product imports

China's Ministry of Commerce (MOC) announced Wednesday it will start an anti-dumping investigation into imported ethylene propylene diene monomer (EPDM) products from the United States, the Republic of Korea and the European Union.

LA Port warns of potential impacts of proposed new tariffs on China

Port of Los Angeles warned the proposed new tariffs on goods from China would create unintended negative impacts to the nation.

Tariffs on cell phones, computers harm U.S. consumers: report

U.S. additional tariffs on imports of consumer electronics products from China would have a "substantial negative impact" on American consumers, said a U.S. consulting firm.

Facebook takes on the world of cryptocurrency with 'Libra' coin

Facebook unveiled plans Tuesday for a new global cryptocurrency called Libra, pledging to deliver a stable virtual money that lives on smartphones and could bring over a billion "unbanked" people into the financial system.

Boeing signs first deal for 737 Max jet since deadly crashes

​The company announced at the Paris Air Show on Tuesday that International Airlines Group, the parent company of British Airways and other carriers, signed a letter of intent for 200 Boeing 737 aircraft.

Launch of Shanghai-London Stock Connect program shows China's expanding opening up will not stop: spokesperson

A Chinese Foreign Ministry spokesperson on Tuesday said the launch of the Shanghai-London Stock Connect program shows that China's steps of deepening reform and expanding opening up will not stop.

China UnionPay secures first bank card clearing service approval

Domestic bank card payment giant China UnionPay has received the green light from the country's central bank to conduct bank card clearing businesses.

Microsoft resumes sales of Huawei laptops online: report

Microsoft has resumed the sales of Huawei laptops on its official website after Huawei products were removed from its online store several weeks ago.

Tencent founder on World's Best CEO's List

Tencent Chair and CEO Ma Huateng, better known abroad as Pony Ma, has been named among the world's best CEOs for the second consecutive year by Barron's.

China's home prices remain stable in May

Home prices in 70 major Chinese cities continued to stabilize despite slight increases in May, official data showed Tuesday.

U.S. trade stance to hit global value chain

Companies and experts warned that intensifying Sino-US trade disputes could lead to a breakdown of the global value chain.

"Absolutely no backdoors" for Huawei equipment: Ren

Huawei founder and CEO Ren Zhengfei said Monday that there are "absolutely no backdoors" in Huawei's equipment and the company is willing to sign no-backdoor agreements with other countries.

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