The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
By John Frisbie We are starting to hear a lot about a bilateral investment treaty (BIT) with China. Here’s hoping we hear a lot more. The United States and China restarted BIT negotiations last summer when China agreed to include key equal treatment principles advocated by the US-China Business Council and others. The United States […]
By E.J. Thomas Britain and China have agreed to sign a memorandum next week that may turn London into the home of the first yuan clearing center outside of Asia. This new clearing center will allow London to settle yuan-denominated interbank payments, loans, trades in goods and services, and other transactions. The new London clearing […]
CITIC Group Corp., one of China’s largest state-owned investment companies, is selling its main operating unit to daughter company, CITIC Pacific Ltd., in a plan to get a backdoor listing on the Hong Kong stock exchange. According to a framework agreement signed by the two companies on March 26, CITIC Pacific will buy CITIC Ltd.—worth […]
Tencent Holdings Ltd., Asia’s largest Internet company, has agreed to pay $500 million for a 28 percent stake in South Korean mobile gaming firm CJ Games. As part of the deal, Tencent said that CJ Games will acquire online and mobile game portal Netmarble. Martin Lau, Tencent’s president, said in a press release that the […]
Airbus will soon control more than 50 percent of China’s helicopter market, payoff for one of several multibillion dollar deals inked today with China’s leading aircraft manufacturer and the country’s central purchasing agency. The biggest deal is a 10-year agreement for 43 A320 jets and 27 A330 jets that totals $10.2 billion. According to the […]
Organizer: Sister Cities International and the Chinese People’s Association for Friendship with Foreign Countries Location: The Ronald Reagan Building and International Trade Center, Washington, DC Date: March 26-27, 2014 Website: http://www.sister-cities.org/uschina Contact: Meghan Schmidt Phone: 202-347-8632 Email: [email protected]
After initially planning a dual London-Hong Kong listing for 2014, Li Ka-shing’s Hutchinson Whampoa Ltd. has agreed to instead sell 25 percent of beauty retailer A.S. Watson Co. to Singapore’s state-owned Temasek Holdings Pte. Ltd. At $5.7 billion, the deal is Temasek’s largest to date, according to Bloomberg. The Temasek-Watson deal comes in the wake […]
