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September, 30, 2016

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China > Business
China sets up alliance to give real boost to virtual reality sector
China set up an industry alliance for virtual reality (VR) on Thursday, in a move to accelerate the application of VR in entertainment, education and manufacturing.
 
The long-awaited Shenzhen-Hong Kong Stock Connect is expected to officially launch in early November, HKEx Chief Executive Charles Li Xiaojia said on Wednesday.
 
The National Development and Reform Commission (NDRC), China's top economic regulator, has given green light to 10 major infrastructure projects with aggregate investment of 66 billion yuan ($9.89 billion) in September, according to a report by the Securities Daily on Thursday.
 
British retailers brace for rush on high streets during Golden Week
British retailers are expecting a sharp upturn in Chinese tourist spending next week as holidaymakers head to the UK during Golden Week.
 
Yu Zhicheng is convinced operating systems hold the key to making artificial intelligence-enabled robots an important part of people's everyday lives.
 
Government-supported China United Property Insurance Company (CUPIC) will adopt e-procurement upon reaching a purchasing agreement with China's leading e-commerce platform, JD.com Inc.
 
China property tycoon warns on real estate bubble
China's richest man, real estate magnate Wang Jianlin, has warned the country's property market is the "biggest bubble in history" -- the latest alarm bell to be sounded on the world's second largest economy.
 
Big IPO, small splash in Hong Kong for Postal Savings Bank of China
Postal Savings Bank of China (PSBC) made a low-key debut on the Hong Kong bourse Wednesday, despite notching up the world's biggest IPO in two years aimed at expanding the business.
 
Credit default swap trading 'no threat to property market'
Trading in credit default swaps is unlikely to trigger a substantial correction in China's property market, economists said on Tuesday, saying that concerns that speculators would use credit default to short the market were unfounded.
 
Lenovo to cut up to 1,000 jobs at Motorola
Lenovo Group Ltd confirmed on Tuesday the latest round of layoffs of about 1,000 employees, mostly from the overseas Motorola unit, in a bid to turn around the fortunes of the Chinese company's loss-making smartphone business.
 
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