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ICBC to set up offshore yuan centre in Los Angeles

BY Reuters |

China's Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi centre in California, the bank said on Saturday.
Hon Hai, Innolux to invest $2.8 bln in Taiwan flat-panel plant

BY Reuters |

Hon Hai Precision Industry Co Ltd, the world's largest contract electronics manufacturer, will partner with flat-panel maker Innolux Corp in investing T$86.8 billion ($2.8 billion) in a panel-producing plant in Taiwan, the firms said.
China Railway Construction 'wins $12 bln Nigeria deal'

BY Reuters |

China Railway Construction Corp has signed a deal worth nearly $12 billion with Nigeria to build a railway along the West African nation's coast, Chinese state news agency Xinhua said on Thursday.
Qualcomm CEO more cautious on future revenue growth

BY Reuters |

Mobile chipmaker Qualcomm Inc on Wednesday gave a more conservative five-year outlook than in the past, as it faces an antitrust probe in China and consumers there and in other developing countries buy lower-priced smartphones.
Ex-CFO of China's Longtop faces rare U.S. investor trial

BY Reuters |

A lawyer for union pensioners and other investors asked a U.S. jury on Wednesday to hold a former chief financial officer of Longtop Financial Technologies liable for recklessly ignoring signs of fraud at the Chinese technology company.
Xiaomi invests $300 mln in online video firm iQiyi

BY Reuters |

Xiaomi Technology Co Ltd has made $300 million investment in online video provider iQiyi.
FTA with South Korea may be effective in 2015: China

BY Reuters |

A free-trade agreement between China and South Korea should be effective in the second half of next year if all goes well, a top commerce ministry official said on Monday, ending negotiations that started in 2012.
China's internet TV sites in $1 bln battle for foreign shows

BY Reuters |

China's big internet-TV companies are spending hundreds of millions of dollars on foreign TV shows and films in a battle to attract users and advertisers, but risk bumping up against regulators protecting the domestic TV and film industry.
Linklaters scores lead role in Shanghai-HK Stock Connect

BY Reuters, Shangjing Li |

Linklaters has advised Hong Kong Exchanges and Clearing Ltd on the launch of the Shanghai-Hong Kong Stock Connect, with the team being led by partners Chin-Chong Liew, Teresa Ma, Stephen Fletcher and Umesh Kumar.
Morgan Lewis votes to take on 227 Bingham partners

BY Reuters |

Morgan, Lewis & Bockius will take on most of the partners from Boston law firm Bingham McCutchen after months of negotiations.