BUSINESS >> Companies

HSBC left off list of rate-setting banks in China's interest rate mechanism reform

HSBC, which has the largest assets among foreign banks in the Chinese mainland, was not selected by the People's Bank of China (PBC), China's central bank, as one of the 18 rate-setting banks including two overseas banks in its recent interest rate mechanism reform.
Source: Global Times | 2019/8/20 20:48:40

Cathay Pacific shares set to continue slide in long term: analysts

Shares in Hong Kong's flagship airline Cathay Pacific Airways are not likely to reverse their downtrend in the near future, analysts told the Global Times on Tuesday. The company's shares have seen a cumulative slump of 15 percent in the past three months, media reports said.
Source: Global Times | 2019/8/20 19:52:25

Lucky ducky

Consumers interact with pet ducks at a café in Chengdu, capital of Southwest China's Sichuan Province on Monday. The coffee shop, set up by college graduates, has raised several ducks as pets to attract customers. Photo: VCG
Source: VCG | 2019/8/20 19:13:40

Maker of national flags supports patriotic Chinese studying at foreign institutions

A Chinese vendor selling customized national flags has witnessed a surge in business, driven by demand from overseas Chinese students.
Source: Global Times | 2019/8/20 18:03:40

Huawei expands global 5G footprint

UK mobile operator Three launched its first 5G broadband service on Monday, using Huawei wireless gear, making it the third UK carrier to use the Chinese telecommunications giant's products despite the US push for its allies to block the company.
Source: Global Times | 2019/8/20 17:58:40

Chinese doctor changing lives in Zambia

When Gong Meiling first visited Zambia in the early 1990s as part of the China Medical Team, little did he know that the visit was the start of his long stay in the southern African nation.
Source: Xinhua-Global Times | 2019/8/20 17:18:41

UN report does not accurately reflect China's food security conditions

The 8.5 percent Prevalence of Undernourishment (PoU) shown in a recent UN food security report has failed to accurately represent China's actual situation and the progress the country has made in poverty elimination over the past decade.
Source: Global Times | 2019/8/20 16:08:40

Tesla's Gigafactory in Shanghai receives first comprehensive acceptance certificate

Tesla's electric car Gigafactory in Shanghai received its first comprehensive acceptance certificate on Monday, within three days of making an application, which sets a new inspection and approval timing record for the local government.
Source: Global Times | 2019/8/20 13:33:40

Global communications provider Inmarsat eyes China's 5G network

Global satellite-based communications provider Inmarsat is eyeing China's huge maritime satellite communications market despite the simmering trade war. In particular it has set its sights on the surging demand for real-time connectivity with the arrival of the 5G era in China, the company's global CEO Rupert Pearce told the Global Times.
Source: Global Times | 2019/8/20 12:03:40

Chinese search giant Baidu reports stronger-than-expected quarterly revenue

Chinese search giant Baidu reported quarterly revenue that beat analysts' estimates on Monday after market close.
Source: Xinhua | 2019/8/20 7:43:35

US mixed move on Huawei ban shows its limited hand in dealing with China: analysts

The US on Monday moved to grant another 90-day reprieve for Chinese telecom firm Huawei Technologies, but it also appeared to be increasing pressure on the company by adding more subsidiaries to its Entity List, in a sign of its increasingly limited options in cracking down on the company and China.
Source: Global Times | 2019/8/19 22:44:58

Delta driver

Workers at the construction site of a high-speed train station in Huaian, East China's Jiangsu Province on Sunday. The station is expected to be put into service on December 15 and will play a significant role in the integration of the Pearl River Delta. Photo: VCG
Source: VCG | 2019/8/19 19:48:40

Trade war, Huawei ban to hit profits, growth outlook of US tech giants

The US blacklisting on Chinese telecommunications giant Huawei since May has hit the profits of US-based technology giants for which Huawei was a major customer and accelerated the decline of these enterprises.
Source: Global Times | 2019/8/19 19:33:40

Cybersecurity needs higher priority in 5G era

Emerging security challenges in the 5G era must be taken seriously and China will actively promote the development of the cybersecurity sector, representatives to the 7th Internet Security Conference (ISC 2019) said on Monday as the event opened in Beijing.
Source: Global Times | 2019/8/19 19:03:39

ByteDance takes stake in Baike.com as it aims to challenge top search engine Baidu

Domestic internet technology giant ByteDance has become the largest shareholder of Chinese online encyclopedia company Baike.com after buying a 22.2 percent stake in the latter, according to information released by online company enquiry website qichacha.com on Monday.
Source: Global Times | 2019/8/19 18:33:39

HK halo fades away

The ongoing protests in China's Hong Kong Special Administrative Region (HKSAR) have cast a shadow over Hong Kong's already slowly-growing economy, dragged down by the lackluster global economy as well as simmering trade war between China and the US.
Source: Global Times | 2019/8/19 15:53:39

CFLD releases semiannual report, shows $1.2b net profit

China Fortune Land Development (CFLD) released the semiannual report for 2019 on Friday. In the first half of 2019, CFLD was attributed to the net profit of shareholders of listed companies of 8.48 billion yuan ($1.2 billion) with a year-on-year increase of 22.4 percent.
Source: Global Times | 2019/8/19 15:03:39

China's stance on trade talks won't change whether Washington gives Huawei another 90-day reprieve or not

A decision by the US government on extending a reprieve to Chinese telecom company Huawei Technologies is unlikely to change China's stance in the trade negotiations with the US, which have been proceeding very slowly, analysts said on Sunday.
Source: Global Times | 2019/8/18 19:28:39