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Li Ka-shing launches sweeping revamp on corporate empire

​Hong Kong billionaire Li Ka- shing announced a sweeping reshuffle of his business empire and the switch of incorporation base from Hong Kong to Cayman Islands last Friday, in a bid to boost their value and attract more investors.

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China IPOs hit 12.7 bln USD in 2014

Chinese companies raised 78.7 billion yuan (12.7 billion U.S. dollars) through initial public offerings (IPOs) on the country's two stock exchanges last year, said a report on Sunday.

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China's service sector growth sign of improved economic structure

​The share of China's service sector businesses among all enterprises is up more than 5 percent from 2008, signalling an improved economic structure, the latest official data showed on Tuesday.

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Former SOE executive sentenced to death for huge graft

​A former executive of an SOE in south China's Guangdong Province was sentenced to death on Wednesday on charges of bribery and embezzlement amounting to nearly 400 million yuan.

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China punishes Internet firms for spreading porn

The Ministry of Culture on Tuesday announced a list of Internet firms suspected of spreading pornography and gambling, including Tencent and Baidu.

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China promises measures to ease firms' financing burdens

With continued pressure on the Chinese economy, China's State Council pledged a list of measures to ease financing burdens for companies on Wednesday.

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Milan stock exchange takes creative steps to improve investment environment

​Borsa Italiana (Milan stock exchange) has developed a series of creative initiatives to improve investment environment in Italy, the primary markets continental Europe head at the London Stock Exchange Group, Luca Peyrano, said here on Wednesday.

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U.S. oil solution firms eager to tap Chinese market: executive

U.S. companies dedicated to oil and gas communications solutions are eager to expand into the fast-growing Chinese oil industry, a company executive told Xinhua Thursday at the sidelines of a conference program in Houston.

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Open bank card clearing market raises competition, benefits consumers

China will open bank card clearing to foreign companies to improve competition and reduce costs to card issuers and users.

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China train makers CSR, CNR confirm plan to merge

Sources with China's top train makers, China CNR Corp. Limited and CSR Corp. Limited, confirmed on Tuesday that the two companies will soon merge to compete globally.

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More buy-ups expected in mobile game market

China's mobile game industry will see more acquisitions while increased capital injection continues rising the market's entrance barrier, according to PricewaterhouseCoopers (PwC).

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Alibaba's IPO to end US dominance in technology sector: expert

​Alibaba's IPO could well be the end of U.S. dominance in the world technology sector, a professor from a Britain's business school told Xinhua on Thursday.

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Singapore air quality reaches "unhealthy" range

​Air quality in Singapore crossed the "unhealthy" line on Monday morning, as the three-hour pollutant standards index (PSI) reached 113 at around 6 a.m..

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S.Korea's startup growth hits record on retired baby boomers

Startup growth in South Korea hit the monthly high as retired baby boomers set up businesses amid strong government support, central bank data showed Thursday.

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China restricts artists from performing abroad

China is to restrict domestic art troupes from performing at prestigious venues abroad, saying many did so not for any artistic merit but merely to boast, and had abused public money and resources.

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Global food giants hungry for bigger bite of China

While Chinese foodies find the hit documentary "A Bite of China" a good guide to hunting up local delicacies, CEOs of multinational food companies see immense market potential.

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S.Korea to overhaul old-fashioned financial regulations for new growth engine

South Korea's financial regulator said Thursday that it will overhaul the country's old-fashioned financial regulations as part of the efforts to foster the financial industry as a new growth engine and help strengthen the role of the industry as a supporter for real economy.