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China loosens rules on foreign investments

China's Ministry of Foreign Trade and Economic Cooperation has issued new rules to loosen restrictions on foreign investment in the country's foreign trade companies and to allow more foreign investors to set up foreign trade joint ventures in China, the I>International Business/Idaily said.


Foreign business news in brief

Foreign business news in brief including Michelin#8217;s big plans for Shanghai deal, ING set to score a first in China, Hynix to spend US$100m on US facility. and Boeing resumes work on jetliner.


Allianz wins licence for Chinese fund venture

Allianz AG of Germany has won a licence to set up a 100 million yuan (US$12mil) venture to manage Chinese investors#8217; funds, allowing it to launch its effort to tap US$1.2 trillion in savings.


Pak Lah asks Japanese investors to stay

DEPUTY Prime Minister Datuk Seri Abdullah Ahmad Badawi has urged Japanese businessmen to continue investing in Malaysia where #147;there#039;s still plenty of money to be made.#148;


Commerce Trust announces new online service

COMMERCE Trust Bhd has introduced a new online service called Commerce Trust Online along with an improved interactive voice response system called Commerce Trust Link.


HSBC buying into major Chinese state bank for US$1.7b

British bank HSBC is buying a 19.9 percent stake in one of China's biggest state banks for US$1.7 billion, dramatically expanding the foreign presence in the top ranks of Chinese finance, state television reported Friday.


Investment spurt in China poses no threat, says don

Scholars and economists said on Friday the foreign direct investment (FDI) surge in China will not divert the investment that flows to Latin America and South-East Asia.


Bilateral trade with China rises to RM58bil

MALAYSIA-CHINA trade and investment saw an 8% growth to RM58bil in the first 10 months this year, said Deputy Minister of International Trade and Industry Datuk Ahmad Husni Hanadzlah.


Take up flexible packages, Chinese investors urged

CHINESE investors should take advantage of the very flexible incentive packages offered for high-tech, value added, knowledge-driven, and capital intensive projects in Malaysia.


Plans to make international CEO meet biennial event

THE Sabah Government is considering hosting an international CEO conference every two years to give the state more exposure to potential investors.---------------------------------------------