China to implement cyber security law from June 1

China's Cyber security Law will take effect on June 1, banning online service providers from collecting and selling users' personal information.

According to the new law that was adopted by China's top legislature in November last year, Internet service providers cannot collect user information that is irrelevant to the services and they should handle such information

Analysis - China`s slam dunk "sharing economy" booms, but can it last?

By Yawen Chen and Ryan Woo

BEIJING  - Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice?

China's rapidly expanding "sharing economy", which already provides car rides and bicycle hire on demand, can help.

For just 2 yuan ($0.30) an hour, Nate Liu, a studen

S&P likely to follow regular rating review schedule for China - executive

BEIJING  - Standard & Poor's is likely to follow its regular ratings review schedule for China, and does not see any basis at this point in time for an out-of-schedule committee meeting, a senior director at the ratings agency told Reuters on Monday.

S&P has an AA- rating on China with a negative outlook that it has maintained since March last year. T

China Tower invites banks to pitch for role in up to $10 billion HK IPO - IFR

HONG KONG  - China Tower Corp, which owns and manages the mobile phone towers for China's three state-owned telecom operators, has invited investment banks to pitch for a role in a Hong Kong IPO worth up to $10 billion, IFR reported on Monday.

The IPO would take place in late 2017 or early 2018, said IFR, a Thomson Reuters publication, citing people close to

Samsung Electronics considers adding capacity at China chip plant

SEOUL  - Tech giant Samsung Electronics Co Ltd said on Monday it is considering adding memory chip production capacity at its manufacturing base in China amid an industry-wide boom that will likely fuel record sales for memory suppliers.

The firm was considering adding capacity at its facility in Xi'an but no specifics, including the potential investment amou

Asia stocks drift down from two-year highs, pound nurses losses

By Shinichi Saoshiro

TOKYO  - Asian stocks handed back earlier modest gains and drifted lower on Monday, running short of incentives to push past two-year highs with many key markets closed for holidays.

The pound, meanwhile, nursed losses after a poll showed a shrinking lead for

ANALYSIS - Beijing bling: Hyundai plots China branding reboot after missile row

By Hyunjoo Jin and Jake Spring

SEOUL/BEIJING  - Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said.

The measure

Trade and Russia unresolved issues in G7 communique - source

TAORMINA, Italy  - U.S. President Donald Trump has agreed to include a pledge to fight trade protectionism in a final communique due to be released later on Saturday at the end of a summit of Group of Seven leaders, a G7 source said.

Trump has previously endorsed protectionist measures, saying the United States was suffering due to unfair trade p

China April industrial profits up 14 percent but slowing pace stokes economy worries

By Min Zhang and Sue-Lin Wong

BEIJING - Profits earned by Chinese industrial firms rose 14.0 percent in April from a year earlier, official data showed on Saturday, slowing from March's pace and adding to concerns that the world's second-largest economy may be losing steam.

Profits in April rose to 572.78 billion yuan ($83.59 billion), the Natio

Airbus Helicopters starts construction of assembly line in China

PARIS- Airbus Helicopters, the world's largest supplier of commercial helicopters, has started building an assembly line in China in what Europe's largest aerospace group said was a key step in its plans to tap into the Chinese market.

The company's final assembly line will be located in Qingdao, eastern China, with construction expected to be completed by

China plans to inject funds via MLF in early June - Financial News

SHANGHAI  - China's central bank plans to inject funds into the money market through its medium-term lending facility (MLF) loans in early June, the Financial News said on Friday.

The Financial News, a publication under the People's Bank of China, quoted the central bank as saying that there would be many factors weighing on the liquidity in June.

Preview - China factories seen growing at slowest pace in eight months in May

BEIJING  - Factory activity in China is expected to have grown at its slowest pace in eight months, a Reuters poll showed, as previous stimulus fades and policymakers focus on tackling rising debt - a sign the cooldown in manufacturing will persist through 2017.

The manufacturing sector is also losing a tailwind from rising producer price inflation, which helped

China's reforms not enough to arrest rising debt, another downgrade possible - Moody`s

BEIJING  - China's structural reforms will not be enough to arrest its rising debt, and another credit rating downgrade for the country is possible unless it gets its ballooning credit in check, two officials at Moody's ratings agency said on Friday.

The comments came days after Moody's Investors Service downgraded China's sovereign ratings on Wed

Ballooning Chinese dollar borrowing a dilemma for index trackers

By Sujata Rao and Saikat Chatterjee

LONDON/HONG KONG- Record-breaking dollar bond sales from Chinese companies are steadily increasing China's weight in global indexes, raising concerns about overexposure among investors who track them.

Corporates' rapid move onto offshore bond markets, partly a response to the crackdown on runaway credit growth at h

Moody's downgrades Hong Kong after China ratings cut

HONG KONG - Moody's Investors Service downgraded Hong Kong's local and foreign currency issuer ratings just hours after it cut China's credit ratings for the first time in nearly 30 years.

The U.S. ratings agency downgraded Hong Kong's rating to Aa2 from Aa1 and said credit trends in China will continue to have a significant impact on Hong Kong's c

China will continue to relax foreign investment rules for auto industry

BEIJING- China will continue to relax foreign investment rules for the country's auto sector and other high end manufacturing, lifting restrictions in an orderly fashion, the commerce ministry said on Thursday.

The government is preparing to further open up the new energy vehicle battery market to foreign investment, Ministry spokesman Sun Jiwen told a regular bri

China's Lenovo global PC shipments fall 1 percent, slower than market decline

By Sijia Jiang

HONG KONG - China's Lenovo Group Ltd, the world's largest personal computer maker, said its global PC unit shipments fell 1 percent in the year ending in March, against a market decline of 3 percent, as consumer demand continued its downward trend.

Revenue from its personal computer and smart device business, which accounts 70 percent

Chinese group buys world's No. 2 condom maker for $600 mln

By Tom Westbrook and Jamie Freed

SYDNEY  - A Chinese consortium is buying Ansell Ltd's condom division, the world's no. 2 condom maker, for $600 million, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education.

The Australian firm, which put its oldest but smallest division up for sale last

China downgrade shows emerging market ratings stuck in reverse

By Marc Jones

LONDON - A Moody's downgrade on China on Wednesday and the likelihood that Brazil and South Africa face further rating cuts in the coming months is highlighting how emerging market credit quality remains stuck in reverse.

Since the start of 2014, Reuters analysis shows that the big three rating agencies - S&P Global, Moody's and Fit

China`s Geely buys 49.9 pct of Malaysian automaker Proton

By Rozanna Latiff and Norihiko Shirouzu

KUALA LUMPUR/BEIJING  - Geely, the owner of Sweden's Volvo Car Group, on Wednesday said it would buy 49.9 percent of struggling Malaysian carmaker Proton from conglomerate DRB-HICOM Bhd, marking the Chinese automaker's first push into Southeast Asia.

Zhejiang Geely Holding Group Co Ltd, parent of Hong Kong

Copper futures drop after Moody's downgrades China

Copper futures were trading lower during evening trade in the domestic market on Wednesday as investors and speculators exited their positions in the industrial metal after credit ratings agency Moody's downgraded China due to its massive debt.

Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects

Global stocks slip on China downgrade, ahead of Fed minutes

By Jamie McGeever

LONDON - World stocks inched lower on Wednesday after China's sovereign credit rating was downgraded and as investors eyed a pause in Wall Street's four-day winning streak, the longest in over three months.

The dollar and U.S. bond yields were steady as investors awaited the minutes from the Federal Reserve's last policy me

Moody`s downgrades China, warns of fading financial strength as debt mounts

By John Ruwitch and Yawen Chen

SHANGHAI/BEIJING - Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise.

The one-notch downgrade in long-term local and foreign currency

Dollar holds above 6-1/2 month lows, Fed minutes in focus

By Ritvik Carvalho

LONDON - The dollar on Wednesday held above 6-1/2-month lows hit in previous days, as comments from a senior Federal Reserve official rekindled expectations of possible U.S. interest rate rises.

The dollar had lost nearly all of its gains since the U.S. elections la