Taikang Life Insurance Co. Ltd., one of China’s largest insurance companies, has secured a 13.5% stake in Sotheby’s, a broker of fine jewelry, real estate and collectibles. Taikang is now the auction house’s largest shareholder, ranking higher than top investors Third Point, BlackRock and Point 72 Asset Management. Taikang Chairman Chen Dongsheng has a “positive … Read more
SITTING IN Ivan Khizkov’s gold-coloured Land Cruiser counting the kilometres roll by on a Silk Road highway built by China as part of an intense desire to crisscross the massive continent to Europe with road and rail, one could only marvel at the ambitious nature of the endeavour. This newly made Silk Road led to … Read more
Chinese Premier Li Keqiang vows to speed up major investment projects that create “weak links” in the economy, such as water conservancy, poverty alleviation and urban flood prevention. Li claims doing so is key to boosting demand and developing a proper context for China’s structural reform. “China is still a developing country with huge development … Read more
The Bank of China (BoC) will expand its business in Cambodia by opening new branches in Siem Reap and Sihanoukville. The new units are expected to be complete this year, according to Chen Chang Jiang, CEO of BoC Phnom Penh branch. Though the BoC already has two branches in Phnom Penh, the new units will … Read more
WHEN Deng Xiaoping began steering China through a historic period of post-Mao economic reforms, he looked to the simple fishing town of Shenzhen as his proving ground. There, in May 1980, Deng established the first Special Economic Zone (SEZ), inaugurating an unprecedented phase of development made possible by the country’s turn towards “reform and opening”. … Read more
Citigroup Inc said it has appointed Catherine Cai, former China banker from Bank of America’s Merrill Lynch unit, as chairman and head of China investment banking. Cai, who has more than 20 years of experience in China investment banking, will report to Mark Slaughter, head of corporate and investment banking for Citi in Asia Pacific. … Read more
ET Solar, a China-based solar-panel manufacturer and solar-energy solution provider, has been negotiating with investment banks in order to come up with USD250m in an initial public offering in the United States. CEO Dennis She said that ET Solar has accomplished things in the field of solar-power plant solution services, engineering, procurement and construction and … Read more
MediaCom, one of the world’s top media agencies, has appointed a new CEO for China. In a statement, MediaCom said Rupert McPetrie will assume the role of China CEO starting in August. McPetrie, who is currently CEO for Central and Eastern Europe at ZenithOptimedia, will be based in Shanghai and will be responsible for a … Read more
IN 2012 ALONE, 46,736 Chinese residents applied to take the GMAT exam, a crucial part of the application process for postgraduate management qualifications. According to data from the Graduate Management Admissions Council 2012, this increase of 252 per cent since 2008 made Chinese residents the second-largest group of prospective business school students in the world. … Read more
Recently, Ganlan Huabao announced a list of awarded hotels during its 2017 Ceremony held in Shanghai. Pullman Oceanview Sanya Bay Resort & Spa was awarded the “ Wedding Hotel of the Year” by Ganlan Huabao organization. The Guanlan Huabao was authorized by Wedding 21 Magazine, which is the No.1 wedding magazine in South Korea. It … Read more