Business

AlipayHK launched in mainland cities of Greater Bay Area

Residents of China's Hong Kong Special Administrative Region from this month can consume through AlipayHK e-wallet in the Chinese mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area.

Ex-Nissan chief Ghosn released on bail after 108 days in detention

Ex-Nissan Motor Co. Chairman Carlos Ghosn was released Wednesday from a Tokyo detention facility where he had been held for 108 days, after bail of one billion yen (nine million U.S. dollars) was posted.

Volvo unveils driverless electric bus in Singapore

Volvo and a Singapore university unveiled a driverless electric bus Tuesday that will soon undergo tests in the city-state, the latest move towards rolling out autonomous vehicles for public transport.

Huawei enables remote access of source code in Brussels with new center

Chinese technology firm Huawei unveiled its Cyber Security Transparency Centre in Brussels to public on Tuesday, allowing outsiders to access Huawei's source code remotely.

Nissan ex-chair Ghosn posts bail, awaiting release in Tokyo

Former Nissan Chairman Carlos Ghosn was preparing to leave detention as early as Wednesday after posting 1 billion yen ($8.9 million) in bail once an appeal by prosecutors against his release was rejected.

4 organizations appointed as Jack Ma's African program partners

Alibaba founder Jack Ma's newly-launched African entrepreneurs funding program has partnered up with four African organizations, with their service covering 54 African countries, the Jack Ma Foundation said Monday.

China reports rise in approved QFII quota for February

China's dollar-denominated Qualified Foreign Institutional Investors (QFII) program saw its approved quota continue to rise in February, according to the country's forex regulator.

China's airlines see best on-time performance in almost 10 years

The on-time rate for Chinese flights was more than 80 percent last year, the best in nearly a decade.

China's crude oil output grows in January

Official data shows China's crude oil output edged up 0.3 percent year-on-year in January.

New York leaders urge Amazon CEO to reconsider headquarters plan

A group of leaders from New York's political, business and local communities issued an open letter, urging Amazon CEO Jeff Bezos to reconsider his decision not to carry out a plan to build a second headquarters in New York.

MSCI to significantly increase weight of China A-shares in global indexes

Global index provider MSCI plans to increase the weight of China A-shares, or Chinese mainland shares denominated in yuan, in the MSCI indexes, by raising the inclusion factor to 20 percent in three stages this year.

Chinese commerce official calls on EU to be open, inclusive

A Chinese commerce official on Thursday called on the EU to adopt an open and inclusive attitude towards foreign companies and create an open, transparent and convenient business environment for them.

Chinese billionaires outnumbered rest of the world

The number of Chinese billionaires surpassed those from rest of the world at 658 as of Jan. 31, followed by U.S. with 584 billionaires and Germany with 117, according to the newly released Hurun Global.

China makes solid progress in structural reform: communique

Solid progress was made in the structural reform of China's economy last year, with traditional sectors becoming more efficient and new growth drivers stronger, an official report showed Thursday.
 

China to continue improving services for foreign investors: MOC

China will keep improving legal and market environments for foreign investors to attract more overseas capital inflow, according to the Ministry of Commerce (MOC).

China's manufacturing sector slows down in February

China's manufacturing sector expanded at a slower pace in February, official data showed. The country's manufacturing purchasing managers' index (PMI) came in at 49.2 in February, narrowing from 49.5 in January.

China's non-manufacturing activities ease in February

China's non-manufacturing sector eased pace in February but remained within the expansion range. The non-manufacturing purchasing managers' index came in at 54.3 this month, down from 54.7 in January.

China's securities regulator unveils details about new tech board

China's top securities regulator on Wednesday unveiled more details about the new tech board designed to boost financial reform and development of the high-tech sector.
 

Jack Ma becomes world's richest Chinese

Ma Yun, or Jack Ma, founder of Chinese e-commerce giant Alibaba Group, has topped the latest edition of the Hurun Global Rich List for 2019.

China opens iron ore futures trading to overseas individual investors

China will allow overseas individual investors to participate in the trading of iron ore futures on the Dalian Commodity Exchange starting Wednesday, the exchange said in an online statement Tuesday.

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