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在线翻译:
szdaily -> Business/Markets -> 
News Bites
    2019-06-14  08:53    Shenzhen Daily

Ambassador warns Britain over blocking Huawei

CHINA’S ambassador to Britain warned the British Government that if Huawei is blocked from developing 5G networks then it will hurt Chinese trade and investment relationship with the United Kingdom.

“It will send a very bad message not only to Huawei but also to Chinese businesses,” Liu Xiaoming told the BBC. He added blocking Huawei would lead to “bad effects not only on trade but also on investment.”

Alibaba files for Hong Kong listing

CHINA’S e-commerce giant Alibaba Group Holding Ltd. has filed confidentially for a Hong Kong listing, according to one source familiar with the matter.

The listing will take place as soon as the third quarter of this year, the source said, declining to be named. Alibaba declined to comment. News of the filing was first reported by Bloomberg. Last month, sources said the planned listing could aim to raise as much as US$20 billion, lining the e-commerce group up for a second blockbuster deal following its 2014 record US$25 billion float in New York. Chinese investment bank CICC and Swiss-based Credit Suisse are leading the deal. No other banks have been formally mandated as yet.

Top executive of Ofo barred from leaving country

A COURT in Shanghai has barred bike-sharing firm Ofo’s top executive from leaving China for refusing to comply with a court verdict, Beijing Youth Daily reported Thursday.

Chen Zhengjiang, legal representative of Dongxia Datong (Beijing) Management and Consultancy, which is the entity that operates Ofo, was put on a blacklist Wednesday by the Shanghai court after the firm refused to pay 120,000 yuan (US$17,351) to an applicant named Wu Jinke. Chen took over founder Dai Wei to become the firm’s legal representative last year.

Morgan Stanley wants majority stake in venture

MORGAN Stanley wants to obtain majority ownership of a joint venture in China, but Chinese regulators have not signed off on the idea, CEO James Gorman said Wednesday.

Morgan Stanley, the sixth-largest U.S. bank by assets, has a mutual funds joint venture in China called Morgan Stanley Huaxin Fund Management Co. as well as a securities joint venture with Huaxin Securities.

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