Sinopec to acquire stake in Hin Leong’s partially owned oil storage terminal
In 2016, a stake sale in the terminal valued it entirely at more than US$1.5 bn...
Tag : China
Exxon begins development of $10 bn petrochemical complex in China
The complex will produce 1.6 mn tonnes of ethylene annually once operations commence...
Chinese insurers face risk from selling Covid-19 cover: Fitch
The sale of cover could pose risks to property and casualty insurers' underwriting stability...
Alibaba to invest $28 bn in cloud computing in the next three years
The decision is influenced by the growing demand for services such as video conferencing and live streaming...
Huawei to boost blockchain development in Shenzhen, China
Huawei will also help establish the Kunpeng industrial demonstration zone to accelerate the application of AI, big data and 5G...
China’s new loans surge to $405 bn in March on the back of Covid-19
New loans in the country have surpassed market expectations of 1.8 tn yuan...
People’s Bank of China raises stake in India’s HDFC
The bank raised its stake to 1.01% from 0.8%...
China seeks to increase ownership limit for foreign insurers
The move comes in an effort to open up the financial market to foreign investments...
Beijing-based Ksher secures $10 mn in a fresh funding round
MindWorks Capital led the funding round for the Chinese fintech...
China’s Huayin Health secures $85 mn funding from GL Capital
The company will increase investment in talent cultivation, research cooperation with third-party institutions, and the application of AI technology...