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May, 26, 2016

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China
Daughter of missing HK publisher seeks US help
The daughter of a Hong Kong-based publisher believed abducted by Chinese authorities eight months ago appeared Tuesday before a U.S. congressional commission urging Washington's help to win his release.
 
China's internet giant Tencent Holdings Ltd is said to be in talks to buy control of one of the top-earning game developers in the world from SoftBank Group Corp, in a deal worth $5 billion.
 
China will likely see a moderation of economic growth rather than a notable slowdown for the rest of the year said Chetan Ahya, chief Asia economist at Morgan Stanley, on Tuesday.
 
The supply and transactions of Beijing's luxury property are to reach a record high this year, industry experts said.
 
Zhouheiya Food Co, a Chinese food company known for its spicy dried duck snacks, is planning to go public in Hong Kong and raise up to $500 million, The Wall Street Journal reported on Tuesday.
 
China unveils three-year program for artificial intelligence growth
China will speed up the development of its artificial intelligence (AI) sector and create a market worth more than 100 billion yuan ($15.26 billion) over the next three years, the National Development and Reform Commission said in a statement released on its website Monday.
 
Huawei Technologies Co Ltd said it has no plan to move its headquarters out of Shenzhen in response to the rumors claiming the technology giant would ditch the coastal city due to its soaring property price.
 
China Shipbuilding changes course to high-end specialist vessels
China Shipbuilding Industry Corp, one of the country's two major shipbuilding conglomerates, plans to integrate six of its shipyards into three. It will focus more on building high-end vessels as the industry remains in choppy waters amid waning global demand.
 
China's State-owned commercial lenders have made strong progress in promoting renminbi internationalization, with the currency falling 5.6 percent against the US dollar in the past year.
 
Hong Kong axes provocative skyscraper art
Days after it was launched, organizers have canceled an art installation on Hong Kong's tallest skyscraper that carried a politically provocative message about the city's relationship with mainland China.
 
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