Chinese Premier Li Qiang makes new overtures to foreign firms, pledging more access and services

Chinese Premier Li Qiang makes new overtures to foreign firms, pledging more access and services

China is doubling down on efforts to appeal to foreign investors, with Premier Li Qiang promising offshore players wider access to the country’s markets and better services. Addressing company executives in the eastern economic powerhouse of Zhejiang, Li said China put high value on the development of foreign-invested firms and would “steadily expand” their access…

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South China Sea: Beijing submits Scarborough Shoal baseline documents to UN

South China Sea: Beijing submits Scarborough Shoal baseline documents to UN

China has submitted a copy of the geographic coordinates and nautical charts for sea territory surrounding Scarborough Shoal with the United Nations, a move experts said followed international practice but could be challenged by the US’ incoming Trump administration. On Monday, Geng Shuang, China’s deputy permanent representative to the UN, submitted the statement regarding the…

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Alibaba raises US$5 billion from dual-currency bond issue, boosting Hong Kong’s hub status

Alibaba raises US$5 billion from dual-currency bond issue, boosting Hong Kong’s hub status

Alibaba Group Holding raised US$5 billion from a multi-tranche dual-currency bond offering, the Chinese e-commerce giant said on Wednesday, an initiative that looks to enhance Hong Kong’s role as an international financial centre. The company’s latest bond offering reflects efforts by the mainland and Hong Kong to bolster the city’s financial standing, including its function…

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Report finds China targeted AstraZeneca in fraud probe over cancer treatment

Report finds China targeted AstraZeneca in fraud probe over cancer treatment

Pharmaceutical giant AstraZeneca, whose China president is under investigation, was previously investigated for medical insurance fraud cases involving cancer medication sales, according to new Chinese media reports. The news comes after the British-Swedish company announced on its official website last week that its China chief Leon Wang was cooperating “with an ongoing investigation”, and its…

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