China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement today in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities. The signing took place in Rome […]
The Peoples Bank of China, PBOC said all initial coin offering, ICOs in China must be stopped immediately. The PBOC said many ICOs are used to finance illegal activities as well as money laundering and criminal organizations that are hard to track by law enforcement agencies. This development is a […]
Ford Motor Company has appointed Jason Luo as chairman and CEO of Ford China. In his new role, Jason Luo will lead all of the company’s operations in Greater China including its import business, Lincoln, its passenger car joint venture Changan Ford, commercial vehicle investment in Jiangling Motors Corporation, and […]
According to McKinsey’s latest report, there are about 613 Chinese firms doing business in Nigeria but not properly registered by Nigeria’s trade and tax authorities. Mckinsey claimed in in its report that about 930 Chinese firms plying their trade in Nigeria, as against the 317 firms documented by the Chinese […]
Government of China has issued a restriction on overseas investment in sectors such as real estate, hotels, entertainment, sport clubs in a bid to encourage local investment. The State Council released a guideline to promote healthy growth of overseas investment and prevent risks. According to the report, the guideline intends […]
New owners of Southampton FC Gao Jisheng are said to have received loans from a Chinese government-backed bank in Hong Kong for funding of U257 million takeover of the English club. The Chinese businessman Jisheng Gao and his family bought 80% stake in the club. This was contained in an […]
China might join the league of countries clamping down hard on Ponzi schemes and other dodgy investment companies luring unsuspecting members of the public to losing their funds. China’s regulatory authority said it will further investigate Ponzi scheme activities across the country. The government said in a statement that: “Recently, […]
Naspers, Africa’s largest technology investor is under investigation in China. Naspers’ social media sites as well as WeChat, its mobile chat application are being investigated by the Cyberspace Administration of China. As a result of the announcement, Naspers shares listed on the Johannesburg Stock Exchange, JSE, tanked by 5%, the […]
KKR has announced the opening of an office in Shanghai, marking the Firm’s third office in Greater China following Beijing and Hong Kong and its eighth in Asia Pacific. KKR said it presence in Shanghai further deepens its commitment to the Chinese market and enhances the Firm’s ability to provide […]
Alibaba Group Holding Ltd and Marriott International have announced the establishment of a joint venture to redefine the travel experience for the hundreds of millions of Chinese consumers traveling abroad and domestically every year. The joint venture will leverage Marriott International’s global portfolio of brands and unparalleled hospitality expertise to […]