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 Nears Completion of First Domestically-Built Large Cruise Ship

China's first domestically-built large cruise ship is nearing completion, with over 91 percent of construction finished, according to the administration bureau of the bonded...

Chinese Yuan Weakens Against US Dollar, Prompting Speculation on Trade Tensions

The China Foreign Exchange Trade System announced that the central parity rate of the Chinese currency, the renminbi or yuan, weakened by 336 pips...

China Takes a Step Towards Tightening Oversight and Regulation of Financial Sector

China has issued a guideline for improving the oversight of finance and accounting activities in the country. The directive was jointly released by the...

China’s central bank strengthens financial support for key areas and weak links

The People's Bank of China (PBOC) has announced that it will take precise measures to strengthen financial support for key areas and weak links...

China’s Spring Festival Travel Rush Sees Over 1.5 Billion Trips, Boosts Tourism and Consumption Revival

The Spring Festival travel rush, which marks the celebration of the Chinese New Year, officially ended on Wednesday. The travel season, also known as...

Strong Recovery Trend: China’s SMEs Show Improvement in January

Industrial data has shown that small and medium-sized enterprises (SMEs) in China experienced a surge in activity during January, indicating a steady recovery in...

Chinese Mainland Officials Signal Resumption of Agricultural and Aquatic Product Imports from Taiwan

A Chinese mainland official has stated that the mainland attaches great importance to the call of Taiwan farmers and fishers to resume agricultural and...

Construction begins on Phase II of China’s deep space observation radar facility

China has launched the second phase of construction for its deep space observation radar facility, known as the "China Compound Eye." The Beijing Institute...

Dalian: The Most Promising City for High-Quality Development in China’s Northeast Region”

The Chinese government has emphasized the importance of high-quality development as a primary task in building a modern socialist country. One city that exemplifies...

Beijing to support top firms in creating large AI models for breakthroughs

Beijing has announced plans to support its top firms in creating large AI models similar to ChatGPT, in a bid to drive new breakthroughs...

China’s Ministry of Commerce Opposes US Export Control on Six Chinese Entities

The Chinese Ministry of Commerce (MOC) has expressed its strong opposition to the United States' recent decision to put six Chinese entities on its...

Beijing Stock Exchange launches margin trading and securities lending transactions

The Beijing Stock Exchange (BSE) has announced the official launch of margin trading and securities lending transactions, a move aimed at improving the trading...

Zeekr, Geely’s Electric Vehicle Brand, Raises $750 Million in Funding Round

Geely Automobile Holdings, the Chinese automaker, has secured $750 million in funding for its electric vehicle (EV) brand Zeekr. The investment was made by...

Experts Expect PBOC’s Accommodative Policy to Continue

China's monetary policy is expected to remain supportive of boosting consumer spending as inflationary pressures remain muted, experts said on Monday. The People's Bank...

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