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Eight Foreign-funded Insurance Companies Enter China
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| A total of eight foreign-funded insurance companies were recently approved by the Chinese government to operate or expand their business in the country.
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City to Be China HQ for Thomas
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| Thomas Group, a U.S. management consulting firm, plans to set up its China headquarters in Shanghai in the first half of next year, despite a projected decline in third-quarter earnings, its top executive said.
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Alcatel to Obtain Control of JV Bell
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| French telecom equipment maker Alcatel will pay US$312 million to gain control of its flagship joint venture Shanghai Bell Co (SBC) in China, wrapping up 18 months of negotiations with the Chinese Government for the relaxation of its investment control.
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MasterCard and Visa Speed up Competition in China
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| With China's impending WTO entry and the publishing of unified standard of domestic bankcards, two world credit card giants, MasterCard International and VISA International, have speeded up their competition in the Chinese market.
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Job Intermediary Services to Open
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| China will open job intermediation services to foreign investors in December, according to the Ministry of Labour and Social Security.
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Hewlett-Packard Pledges to Invest More in China
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| Hewlett-Packard (HP)'s CEO Carly Fiorina has pledged that the world's leading computer maker will keep providing China with new products and improving its service in the country.
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Microsoft Assists Local IT Sector
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| The Shanghai municipal government signed a memorandum of understanding (MOU) yesterday with Microsoft Corp, the blockbuster global software company, in a bid to further push the local software industry through intensified joint efforts.
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Unilever Expects Greater Potential
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| Anglo-Dutch house-hold products giant Unilever said it expects its annual turnover in Asia to account for half of its global revenue over the next five to 10 years, driven by favorable investment conditions in the region.
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Global Executive Search Company Opens Headquarters in HK
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| A leading global executive search company, BTI Consultants, has chosen Hong Kong as home for its new North Asia regional office, executives of the company said Friday in Hong Kong.
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Web Captures Foreign Interest
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| Foreign Internet firms are gearing up for a fresh assault on the Chinese web market ahead of the nation's entry into the World Trade Organization (WTO).
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