China’s new regulations on foreign investment in advertising firms
China’s newly-revised administrative regulations on foreign investment in advertising enterprises takes effect on Wednesday. Under the new regulations, foreign-invested advertising enterprises can engage in design, production, publication and some other types of advertising businesses for both domestic and overseas costumers after receiving official approval. A Sino-foreign advertising joint venture can be established on the condition [...]
China Merchants Bank completes purchasing acquisition of Wing Lung Bank
China Merchants Bank announced on Tuesday that it had completed the 17 billion yuan (2.48 billion U.S. dollars) purchase for 53.12 percent of Wing Lung Bank’s equity. Wing Lung Bank was incorporated in 1933, which has developed into the fourth largest bank in the special administrative region of China.
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