• China further opens doors to foreign banks

    China has introduced revised regulations that lowered the threshold for foreign-funded banks to establish branches within the country as it moves to further open up its financial sector. The amount of non-callable allocations of operating capital required for foreign-funded bank has been removed. It used to be that wholly foreign-funded banks or Chinese foreign JV banks that plan to establish ...

    22-Dec-14More »
  • Xiaomi raises USD1bn, ups value to UD45bn

    Xiaomi Corp of China raised over USD1bn in its latest funding, in effect increasing the smartphone manufacturer's value to over USD45bn. The latest round of funding was led by tech-investment fund All-Stars Investment, controlled by ex-Morgan Stanley analyst Richard Ji. Xiaomi's previous funding last year valued it at just USD10bn.

    ...
    22-Dec-14More »
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