Lufax, formally Shanghai Lujiazui International Financial Asset Exchange Co Ltd, seeks to fund growth while its Hong Kong IPO is on hold due to changing regulation in online consumer lending - a core business.
Luxury retailer Neiman Marcus and department store chain J.C. Penney previously announced plans to seek bankruptcy protection to reorganize their debts. Upscale retailer Nordstrom has announced store closures.
Lower capital outflows at the end of 2017 and increased yuan deposits in the Hong Kong market also added more positive signs reflecting weakened speculative behavior, according to Wang Youxin, an analyst with the research institute of Bank of China.
Luckily, no Seattle companies made the “naughty” list, which included American Apparel, Sirius, GameStop, The Swiss Colony, Liberty Travel, AirTran, Southwest Airlines, Verizon and RadioShack.
MEXICO CITY - Mexican officials agree that it is high time to bolster agricultural trade ties with China, as the country needs to diversify its trade, given the uncertainty of its relationship with its northern neighbor.
MINSK — Belarusbank, the largest bank in Belarus, signed a memorandum of understanding with China's UnionPay International (UPI) on financial service cooperation, the press service of the bank said on Friday.
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Lore went on to start Jet.com as an e-commerce startup bent on taking its shots against Amazon. In August 2016, he sold to Walmart for .3 billion to unite the companies in that effort. Lore remains at Walmart, where he oversees the company’s e-commerce division.
Lyu Zhongli, general manager of a travel agency in Jinan, Shandong province, said the announcement was good news for many people in the industry, who have been unable to work for months due to the pandemic.
MACAO -?The Macao Garrison of the Chinese People's Liberation Army on Thursday morning completed the 20th rotation since it began garrisoning Macao in 1999.
MANILA -- China donated 2,000 fast test kits for COVID-19 to the Philippines on Monday to help the country curb the fast rise in infected cases, the Chinese Embassy to the Philippines said.