In the news: CITIC sells assets, FDI reform planned, factory workers strike, Veolia accused of water pollution and China goes to Hollywood

April 17, 2014 | BY

clpstaff &clp articles

This week CITIC Pacific bought its parent company's banking assets, officials considered unifying domestic and foreign investment laws, a factory strike escalated and China Film invested in Hollywood productions

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CITIC Pacific buys from parent for US$36 billion

Hong Kong's steelmaker and property developer CITIC Pacific will pay Rmb226.9 billion (US$36 billion) to buy Chinese banking and brokerage assets from