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Government on hook for China banks' shrinking capital

BY Reuters |

Hit by bad loans, Chinese banks are expected to show a weakening in their capital strength in first-half earnings, raising the prospect that government might have to inject more than $100 billion to shore them up, according to some analysts.
Simpson Thacher helps ChemChina obtain CFIUS clearance for $43 bln Syngenta buy

BY Shangjing Li, Reuters, Ashima Ohri |

Simpson Thacher & Bartlett has helped ChemChina in obtaining clearance from the Committee on Foreign Investment in the United States (CFIUS) on its $43 billion acquisition of Swiss agrochemical firm Syngenta.
Hong Kong exchange, Tradeweb in talks over 'Bond Connect' platform

BY Reuters |

The Hong Kong exchange is in talks with Tradeweb, a fixed income trading platform, to connect China's $7.5 trillion bond market with overseas investors, three sources with direct knowledge of the discussions told Reuters.
Banks miss out as Chinese firms do DIY deal advice

BY Reuters |

When ride-hailing firm Didi Chuxing agreed to buy Uber Technologies Inc's China unit this month, creating a $35 billion business, both firms used in-house advisory teams
Rise of the machines: Chinese investors flock to robo-advisors

BY Reuters |

Tired of spending hours at her Beijing bank discussing her finances and a myriad of investment options with her account manager, Lauren Ma turned to Lingji, a phone app that pre-selects a range of assets and trades for her automatically.
China launches 'hack-proof' communications satellite

BY Reuters |

China launched the world's first quantum satellite, which will help it establish "hack-proof" communications between space and the ground, state media said, the latest advance in an ambitious space program.
China’s merger watchdog gets tough on clearance dodgers

BY Reuters |

A week after China's two largest taxi-hailing firms announced plans for a $35 billion merger, lawyers say China's merger control watchdog is cracking down on companies that don't seek approval for deals, and it wants greater powers to punish them.
China extends Marriott-Starwood deal review by up to 60 days

BY Reuters |

China has extended its review of Marriott International Inc's acquisition of Starwood Hotels & Resorts Worldwide Inc by up to 60 days, the companies said.
BP seeks buyers for its half of China petchem venture

BY Reuters |

British oil major BP is seeking buyers for its 50 percent stake in Chinese petrochemicals joint venture SECCO, its largest investment in China, in a deal sources said could fetch $2-$3 billion.
Massive funding, Apple backing helped Didi outrun Uber in China

BY Reuters |

Apple Inc's $1 billion investment in car-hailing app Didi Chuxing in May helped accelerate Uber's decision to agree a halt to a costly two-year battle with its rival in China, people close to the companies and analysts said.