Kevin Yao
Stories by Kevin Yao
China’s AIIB looks to finance infra projects worth $10-12b annually
The AIIB, launched in January 2016, has financed some $8 billion in projects, mostly in Asia.
China’s ICBC wins approval to set up wealth management unit
China's five major commercial banks that have won a green light to set up wealth management units are preparing to launch operations.
China’s sovereign fund CIC plans to float UK manufacturing investment fund
The fund will invest in both the traditional manufacturing sector and innovative industries.
Tencent announces a restructuring plan as challenges rise
The Shenzhen-based and Hong Kong-listed company said it will consolidate three content business groups to one unit and create a new group for cloud an
COSCO Shipping gets China watchdog approval to buy OOIL
COSCO last year offered to buy OOIL in a $6.3 billion deal that will see the Chinese shipping giant become the world's third-largest container shippi
China’s ChemChina, Sinochem set to merge
Beijing sees a Sinochem and ChemChina deal as a blueprint for streamlining and consolidating its sprawling, debt-heavy state-owned enterprises, leavin
China issues rules to curb state firms’ overseas investment risks
Amid a campaign to tighten controls on outbound investment and financial risks.
China’s state enterprises to become joint stock firms by end-2017
Beijing is trying to create "stronger" conglomerates capable of competing on global stage.
