IPOs & Markets
iSpace is China’s first privately funded firm to put a satellite into orbit.
Fujia Group will take a 51% controlling stake after the deal.
Walmart plans to set up or renovate more than 10 logistics centers in the country.
Anbang controlling shareholder owns 98.2% in Dajia Insurance Group, the new company.
Policy & Regulations
China Construction Bank will be asked to handle the operations of the small lender.
The move is seen to bolster market confidence amid a slowing economy.
The pilot scheme, designed to rein in debt risks among financial holding companies, also included retail conglomerate Suning.com and large state-owned
Anbang holds 91.65 percent stake in the brokerage firm.
Baotou Huazi, controlled by missing billionaire Xiao Jianhua’s Tomorrow Holding, said late Tuesday that the plan was off because of changes in China
China's life insurance industry could also be attractive to foreign acquirers due to the sector's low penetration rate and growth potential, Fitch sai
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