Business

Russia’s Titanium Giant Hands Its British Arm to a Little-Known Hong Kong Company Named Quri

UK filings show that Hong Kong’s Quri Investment Limited was listed as holding at least 75% of VSMPO Tirus Limited’s shares on 1 October 2026, the same day Russian titanium producer VSMPO-AVISMA ceased to be listed as having significant control. The filings do not disclose the terms of the deal.

Zhong Shanshan Net Worth 2026: The Water King Now Runs on Tea

Zhong Shanshan's net worth in 2026, how Nongfu Spring made him China's richest man, and why tea, not water, now drives his fortune.

Xi Jinping Urges China, US Youth to Advance Bilateral Cooperation

President Xi Jinping told students from 10 US universities he hopes young people will advance China-US cooperation in a reply to their letter.

China Tests Star-Based Navigation for Its 2030 Jupiter Mission

Chinese researchers tested stellar aberration navigation aboard the Tianhui-7 satellite in January, fixing its position to within 5km ahead of a 2030 Jupit

Hong Kong Cuts Subsidised Physiotherapy Places by a Third for 2027-28

Hong Kong's Education Bureau cut subsidised physiotherapy places by about a third for 2027-28 as graduates face a tightening job market

China’s Asset Management Industry Continues to Grow, Assets Under Management Surpass $3.95 Trillion

According to the Asset Management Association of China, the assets under the management of China's public offering funds have reached a remarkable 27.25 trillion...

China’s Securities Watchdog and Related Departments Revise Rules on Overseas Listings for Domestic Companies

China's top securities regulator, the China Securities Regulatory Commission (CSRC), has revised the regulation on secret protection and archive management in the overseas listing...

China’s Sharing Economy Grows Despite Headwinds, Reaching $555.54 Billion in 2022

According to a recent report by the State Information Center, China's sharing economy has maintained steady growth, reaching approximately 3.83 trillion yuan ($555.54 billion)...

Australian businesses express interest in investment opportunities in western China

Australian businesses are showing great interest in exploring investment opportunities in Western China, as the region seeks to boost foreign investment and trade cooperation....

Chinese banks streamline early mortgage repayment processes to meet rising demand

Commercial banks in China are focusing on optimizing their financial services to make it easier for homebuyers to make early repayments on their mortgages....

China’s Banking Sector Adapts to International Regulatory Reforms with New Capital Measures

China is taking steps to establish a differentiated capital regulatory system for commercial banks in order to improve bank capital regulations, manage financial risk...

China Strengthens Financial Cooperation between Mainland and Hong Kong/Macao with New Guidelines

China is making significant strides towards strengthening economic and business ties across the Guangdong-Hong Kong-Macao Greater Bay Area, with a particular focus on Qianhai...

China’s Ministry of Science and Technology reaffirms support for ChatGPT-like AI technologies

China's Ministry of Science and Technology is reaffirming its commitment to supporting the country's artificial intelligence (AI) sector as a strategic emerging industry. The...

China’s Property Insurance Industry Guides to Develop New Insurance Varieties to Support Real Economy

China's property insurance sector has maintained stable growth in 2022, according to data released by the China Banking and Insurance Regulatory Commission. Premiums for...

Changan Launches Presales of Yida Sedan to Compete in China’s Compact Car Market

Chinese automaker Changan has announced the presales of its latest sedan, Yida, in a bid to increase its share of the highly competitive compact...

Chinese Scientists Unveil EV Powered by Sodium-Ion Battery

Chinese scientists have made a significant breakthrough in the commercialization of an emerging technology in the electric vehicle (EV) market. They unveiled an electric...

Chery’s Marque Exeed Launches Flagship SUV Yaoguang to Expand in China’s Premium Market

Exeed, Chery's marque, has launched its flagship SUV, Yaoguang, with the aim of expanding its footprint in China's highly competitive premium vehicle market. According...

Geely Auto Launches High-End Galaxy Series to Compete in Fierce NEV Market

On Thursday, Chinese automaker Geely Auto announced the launch of a new high-end electrified product series in a bid to maintain its competitiveness in...

Hong Kong government unveils budget focused on economic recovery and growth

Hong Kong's government has presented a budget for the upcoming financial year, which includes measures to support the economy's speedy recovery. The financial secretary...

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