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Articles for Citic

Former CITIC Group exec expelled from CPC, office
1 week, 6 days ago

Former CITIC Group exec expelled from CPC, office

China Daily  

Xu Zuo, former deputy general manager of CITIC Group, has been expelled from the Communist Party of China and removed from public office for serious violations of Party discipline and laws, the country's top anti-graft bodies announced on Thursday. With the approval of the CPC Central Committee, the Central Commission for Discipline Inspection and the National Supervisory Commission launched an …

Party Cpc His Position
China CITIC Group: A Global Leader in Water Treatment and Infrastructure
1 month, 3 weeks ago

China CITIC Group: A Global Leader in Water Treatment and Infrastructure

China Daily  

China CITIC Group Co., Ltd. is among the first companies to expand internationally, with over 2000 plants spread across various regions. The company has established a strong presence in Asia, with projects such as the 1st Largescale underground MBR based WWTP in Guangzhou, the Huaifang Water Reclamation Plant in Beijing, and the Sea Water Treatment facility in Tianjin.

Environment Business Law Technology Guangzhou
Banking industry transformed by reform
3 months ago

Banking industry transformed by reform

China Daily  

Editor's note: Globalization has opened up a world of opportunities for both Chinese and foreign companies. With more than two decades of experience in foreign exchange management, Ye Chun, who heads the Los Angeles branch of China International Trust Investment Corp, has navigated the complexities of China's evolving financial landscape. "I was actively involved in this transformation, and the experience …

China Market Safe Los Los Angeles Chinese Banks
Banking industry transformed by reform
3 months ago

Banking industry transformed by reform

China Daily  

Editor's note: Globalization has opened up a world of opportunities for both Chinese and foreign companies. With more than two decades of experience in foreign exchange management, Ye Chun, who heads the Los Angeles branch of China International Trust Investment Corp, has navigated the complexities of China's evolving financial landscape. "I was actively involved in this transformation, and the experience …

China Market Bank Safe Los Los Angeles Chinese
Securities firms' merger to help industry grow
4 months, 2 weeks ago

Securities firms' merger to help industry grow

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. Consolidation among Chinese securities brokerage firms, propelled by central regulators' policy support and guidance, will allocate industry resources more rationally and lead to a rapid growth of securities firms, experts said. Analysts from CITIC Securities said the merger of the two securities firms will further help …

Shanghai Billion Cao Ubs Industry Grow Guolian Securities Firms
Driverless vehicles to lift battery swapping
4 months, 3 weeks ago

Driverless vehicles to lift battery swapping

China Daily  

Visitors check out NIO charging piles during an international automobile expo in Changchun, Jilin province, in July. In May, Baidu unveiled its sixth-generation robotaxi services in Wuhan, Hubei province, with the autonomous vehicles operating using a battery swapping system, utilizing standardized battery packs and smart battery swapping stations from a subsidiary of GCL Energy Technology Co Ltd. Each vehicle autonomously …

China Services Battery Service Robotaxi Baidu Citic Securities
Driverless vehicles to lift battery swapping
4 months, 3 weeks ago

Driverless vehicles to lift battery swapping

China Daily  

Visitors check out NIO charging piles during an international automobile expo in Changchun, Jilin province, in July. In May, Baidu unveiled its sixth-generation robotaxi services in Wuhan, Hubei province, with the autonomous vehicles operating using a battery swapping system, utilizing standardized battery packs and smart battery swapping stations from a subsidiary of GCL Energy Technology Co Ltd. Each vehicle autonomously …

China Services Battery Service Robotaxi Baidu Citic Securities
CITIC Group unveils its AI plans
5 months, 2 weeks ago

CITIC Group unveils its AI plans

China Daily  

CITIC's financial service business units will focus on the AI applications in intelligent customer service, wealth management, and intelligent risk control, Wang Guoquan, the group's vice-president, said on Friday. CITIC Group will strive to come up with over 50 in-depth applications powered by artificial intelligence to nurture specific foundation models for different industries, said the State-owned financial conglomerate during the …

Application Foundation Wang Group Ai Models Intelligent
Stock market mulls future as IPOs slow
9 months ago

Stock market mulls future as IPOs slow

China Daily  

China's stock market is agog with talk about the sluggish IPO scene, which appears to have been exacerbated by, among other factors, the recent strengthening of regulations to improve market quality. An old IPO case involving Guangdong-based Liangang Optoelectronic Technology Co Ltd at the ChiNext of the Shenzhen bourse in June 2023 has stoked fresh market concerns over IPOs. Liangang …

Stock Market Market Stock Securities Shenzhen Ipo Ipos
McDonald's to up stake to 48% in nation, mulls more restaurants
1 year, 1 month ago

McDonald's to up stake to 48% in nation, mulls more restaurants

China Daily  

A set meal with a toy at a McDonald's restaurant in Beijing, July 22, 2023. Fast-food giant McDonald's Corp is increasing its minority stake substantially in its business in China to facilitate faster decision-making and exploit growth opportunities in its fastest-growing market. China is now our second-largest market; we've doubled our restaurants to more than 5,500 since 2017," said Chris …

China Market Restaurants Restaurant Chinese Mcdonald Stores
CITIC Ningbo International Hotel
2 years, 4 months ago

CITIC Ningbo International Hotel

China Daily  

The CITIC Ningbo lnternational Hotel is a 5-star establishment situated in the heart of Ningbo’s financial and commercial center. With a total of seven international restaurants and bars, the CITIC Ningbo features a wide variety of dining and entertainment options. Restaurants, bars, a fitness club, a swimming pool, table tennis, a billiard room, KTV rooms and a convenient shopping arcade …

Hotel Rooms Ningbo Citic
纾困帮扶小微企业、个体户，金融机构这么做
2 years, 6 months ago

纾困帮扶小微企业、个体户，金融机构这么做

China Daily  

受今年以来经济下行压力加大影响，小微企业经营困难增加。金融机构在纾困帮扶方面做了哪些工作，在5月19日银保监会举行的“银行业保险业应变克难，助力实体经济平稳健康发展”专场新闻发布会上，中国工商银行、中信银行和中国人保等给出了答案。 A bank employee addresses queries on an inclusive loan product at a production facility of a medical equipment company in Nantong, Jiangsu province, in March. 廖林说：“工行通过数字提能确保资金精准直达小微企业。” "With the help of data and credit of core enterprises in supply chains, our bank granted unsecured loans to upstream and downstream MSEs to help them lower financing costs and improve the utilization …

China Bank Loan Small Businesses This Year Billion Yuan
Evergrande says it is on track to restructuring after shares suspended and billions seized by banks
2 years, 9 months ago

Evergrande says it is on track to restructuring after shares suspended and billions seized by banks

ABC  

Embattled Chinese developer Evergrande has assured investors it will unveil a debt restructuring proposal for its creditors by the end of July, after concerns about its financial health were renewed by a delay in publishing its annual results. Key points: Senior figures of the company held a call with global investors last night The company said it will not meet …

Trust China Property Hong Kong Debt Restructuring Investors
Citic Press unveils Dunhuang calendar
3 years, 1 month ago

Citic Press unveils Dunhuang calendar

China Daily  

A new calendar highlights the relics in Dunhuang, a cultural hub on the ancient Silk Road. Containing photos of 14 sculptures and 169 paintings, created by five artists who copied the sculptures and frescos in Mogao Grottoes in Dunhuang and Yulin Grottoes in Guazhou, Northwest China's Gansu province, the calendar offers glimpses of the Buddhist art treasures. The photos in …

Calendar Copied Dunhuang Copied Works
Citic Press unveils Dunhuang calendar
3 years, 1 month ago

Citic Press unveils Dunhuang calendar

China Daily  

A new calendar highlights the relics in Dunhuang, a cultural hub on the ancient Silk Road. Containing photos of 14 sculptures and 169 paintings, created by five artists who copied the sculptures and frescos in Mogao Grottoes in Dunhuang and Yulin Grottoes in Guazhou, Northwest China's Gansu province, the calendar offers glimpses of the Buddhist art treasures. The photos in …

Calendar Copied Dunhuang Copied Works
Why is Clive Palmer trying to tear down WA's coronavirus border with the rest of Australia?
4 years, 4 months ago

Why is Clive Palmer trying to tear down WA's coronavirus border with the rest of Australia?

ABC  

Queensland mining magnate Clive Palmer's challenge to WA's hard border is making headlines again this week as the case is heard in the Federal Court. In May, Mr Palmer was denied entry to the state after the McGowan Government shut WA's borders the previous month to all but those deemed essential travellers. Mr Palmer then lodged a writ against the …

Australia Court Rest Victoria Queensland Mcgowan Mr Palmer