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China opens railway station design market
China has decided to further open its railway station design market by offering over 200 new stations for public bidding. The engineering design center under the Chinese Ministry of Railways held a briefing on Thursday in Beijing for nearly 90 domestic and overseas construction design companies.
China grants US$350 mln to foreign investors
China's foreign exchange authority has awarded investment quotas totaling US$350 million to three qualified foreign institutional investors (QFII), according to the China Securities Journal.
Japan to freeze loans to China over bad ties
Japan plans to temporarily freeze its yen loans to China for the current fiscal year because of worsening relations between the two nations, Kyodo News agency reported Thursday.
A senior Foreign Ministry official told a committee of the ruling Liberal Democratic Party on Thursday of the decision to freeze the loans, Kyodo said in the unsourced report.
China sets higher threshold for foreign insurers
Foreign insurers are going to face a much higher threshold to enter the Chinese insurance market due to the industry watchdog revising the management rule on foreign insurers' representative offices in Beijing.
Overseas ventures crucial for Chinese firms
Chinese companies need to capitalize on overseas mergers and acquisitions (M&A), according to a recent report from the Boston Consulting Group (BCG), a world-leading consultancy firm.
Chinese overseas investment eased
China will allow more banks, including foreign bank branches, to offer guarantees for overseas investment by Chinese companies as more corporations seek expansion abroad in line with the country's economic development.
China's foreign direct investment drops
SHANGHAI, China - Foreign direct investment in China fell 3.4 percent to $33.1 billion in the first seven months of this year compared with the same period last year, the Ministry of Commerce reported Monday.
Broaden investment horizons
Chinese enterprises need to devise overseas direct investment strategies that take into account the changing environment.
China have New rules for foreign investors in steel sector
Foreign investment into China's steel industry is supposed to come along with the upgrading or relocation of existing steel producers in the country. But the government will not consider new sites for foreign business expansion, the blueprint said.
Siemens starts job cuts in handsets
German conglomerate Siemens AG is beginning to downsize staff in its money-losing handset business in China, following its plan to sell its handset unit to Taiwan-based BenQ early this month.
China Mobile PTCL bid fails
China Mobile Communications has failed to bid for a controlling stake in Pakistan Telecommunication Company Ltd (PTCL), while competing with Emirates Telecommunications Corp (Etisalat) and SingTel.
Chinese insurers approved to invest in overseas stocks
Chinese insurers would be able to use their foreign exchange capital to invest in overseas stocks, but only up to a maximum of 10 percent of their approved total quotas for foreign exchange investment, the regulator said.
New rules bring foreign cash on track
The official website of the Shandong State Assets Regulatory and Management Committee announced the news at the weekend. The committee has put forward six local rail lines for foreign investors. Three of the projects can be solely funded by foreign money, and two others are preparing to shift property rights.
Siemens sells mobile phone biz to BenQ
According to the agreement, BenQ will acquire all of Siemens' development and manufacturing locations in Manaus, Brazil, and Kamp-Lintfort, Germany, along with administrative functions as well as the sales and marketing organization.
SigmaTel sets up office in China
SHENZHEN: SigmaTel Inc, one of the world's leading analogue intensive, mixed-signal integrated circuit suppliers, has opened its first office in the Chinese mainland as part of a bid to tap the bonanza in China's gigantic consumer electronics market.
Boeing seals mammoth deals
Boeing yesterday signed US$600 million worth of contracts with Chinese companies for the production of commercial airplane components. Deals included the first-ever confirmed agreement to produce parts for the brand new Boeing 787 Dreamliner.
HongKong investment to help 3,500 Hunan projects
Hunan Province expects to introduce Hong Kong investment for over 3,500 provincial projects during the Hunan-Hong Kong trade fair from May 31 to June 3.
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