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Asia Top News and Analysis China

  • SINGAPORE, March 28- Citigroup Inc will seek bids from global insurers keen to sell general insurance products across the bank's Asia-Pacific markets, underscoring moves by banks to monetise their network of branches and customer base as demand for insurance grows in the region, a person with knowledge of the matter told Reuters. The multi-year,...

  • HONG KONG, March 28- Hong Kong- leader elect Carrie Lam said on Tuesday she was "very determined" to tackle the high cost of housing in the densely populated city, among the top concerns of foreign business people working there. Speaking at a Credit Suisse investment conference in Hong Kong, Beijing- backed Lam also said the former British colony faced tough...

  • China Huishan Dairy Holdings Co.' s Hong Kong- listed shares tumbled 85 percent in the space of minutes on Friday morning before they were halted. One claimed that an audit turned up a large number of fake bills issued by company members, and another that Chairman Yang Kai had misappropriated 3 billion yuan to invest in real estate in the northeastern rust belt...

  • China's President Xi Jinping

    China sought to expand its influence and clout over a four-day conference this week even as it undertakes its own market and financial reform.

  • HONG KONG/ SHANGHAI, March 28- China Southern Airlines Co Ltd said on Tuesday it will sell a small stake to American Airlines Group Inc in a $200 million deal that will give the carriers better access to the world's two largest travel markets. It also means China's three biggest airlines now have tie-ups with foreign airlines, something Beijing has encouraged as a...

  • SHANGHAI/ HONG KONG, March 28- China Huishan Dairy Holdings Co Ltd said on Tuesday it had fallen behind with some loan repayments, was unable to contact a key finance executive and expressed concern about the strength of creditor support after its stock price plummeted. But the country's largest integrated dairy firm, which has been on the backfoot since a...

  • HONG KONG, March 28- Hong Kong- leader elect Carrie Lam said on Tuesday she was "very determined" to tackle the high cost of housing in the densely populated city, among the top concerns of foreign business people working there. Speaking at a Credit Suisse investment conference in Hong Kong, Beijing- backed Lam also said the former British colony faces tough...

  • BEIJING— Asian stock markets rose Tuesday after Wall Street sank on worries that the Trump administration might not do as much for businesses as once thought. KEEPING SCORE: Tokyo's Nikkei 225 gained 1 percent to 19,174.56 and Hong Kong's Hang Seng advanced 0.5 percent to 24,317.93. Benchmarks in Taiwan and Singapore rose while Malaysia and Manila declined.

  • *China's central bank skipped OMO for third session. SHANGHAI, March 28- China stocks weakened on Tuesday morning on further signs of tightening liquidity conditions after the central bank refrained from injecting short-term funds into the banking system for the third session in a row. Hong Kong stocks followed Asian markets higher after Wall Street...

  • Bottles of wine sit on a shelf at Ludwigs Fine Wine and Spirits on October 30, 2013 in San Anselmo, Calif.

    China will be the world's second-largest wine import market, overtaking the U.K. by 2020, Vinexpo CEO Guillaume Deglise told CNBC.

  • BEIJING— American Airlines has agreed to pay $200 million for a stake in China Southern Airlines, the biggest of China's three major state-owned carriers, in a bid for a bigger share of the country's growing travel market. Foreign carriers are forging steadily closer ties with Chinese airlines to gain a bigger share of China's air travel market, which is growing...

  • This picture taken on February 28, 2017 shows a Chinese employee working on an energy-saving bulb production line at a lighting factory in Suining, southwest China's Sichuan province.

    Hans-Paul Bürkner, chairman of BCG, discussed Beijing's work to transition the economy away from manufacturing and exports.

  • BEIJING— American Airlines has agreed to pay $200 million for a stake in China Southern Airlines, one of the country's three major state-owned carriers, and expand commercial cooperation. China Southern Airlines said in an announcement Tuesday through the Hong Kong stock exchange the purchase will represent 2.76 percent of its shares.

  • BEIJING— American Airlines agrees to buy $200 million stake in China Southern Airlines, expand business cooperation.

  • HONG KONG, March 28- Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong- based investor group Integrated Whale Media Investments, which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm...

  • HONG KONG/ SHANGHAI, March 28- China Southern Airlines Co Ltd said on Tuesday it would issue HK $1.55 billion worth of shares to a subsidiary of American Airlines Group Inc, giving the U.S. airline a stake in China's largest carrier. In a filing to the Hong Kong stock exchange, China Southern said it would issue 270.61 million Hong Kong- listed H-shares, representing...

  • Mar-a-Lago Resort

    Chinese President Xi Jinping will not be staying at President Trump's Mar-a-Lago resort during a two-day summit in Florida next month, NBC News reports.

  • BEIJING, March 28- The Beijing- based Asian Infrastructure Investment Bank will provide Bangladesh loans worth $60 million to address the country's gas supply deficit, the AIIB said on Tuesday. The fund will be used to help Bangladesh's Natural Gas Infrastructure and Efficiency Improvement Project, as the lack of gas supply would "eventually impact...

  • Missile destroyer Changsha returns to a port in Sanya City, south China's Hainan Province, March 7, 2017, after a high sea drill that passed through the South China Sea.

    China appears to have completed construction of infrastructure on artificial islands it has built in the South China Sea.

  • HONG KONG/ SHANGHAI, March 28- China Huishan Dairy Holdings Co Ltd on Tuesday said that it had fallen behind with some loan repayments but denied media reports that its chairman had misappropriated company funds or that the firm had issued forged invoices. The firm has previously come under attack from U.S.-based short-seller Muddy Waters.