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McDonald's Sells China Operations for $2.08 Billion
US fast-food giant McDonalds will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday.
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China's Securities Body Finds $166 Billion Error in CITIC Security Accounts
The news comes after probes into China's largest brokerage led four of its senior executives to confess to insider trading.
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China Search Giant Baidu Plans to Open Online Bank
The Baixin Bank, a venture between Baidu and China Citic Bank, will be the country's first lender formed by an Internet company and a traditional bank.
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McDonald's Sells China Operations for $2.08 Billion
US fast-food giant McDonalds will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday.
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China's Securities Body Finds $166 Billion Error in CITIC Security Accounts
The news comes after probes into China's largest brokerage led four of its senior executives to confess to insider trading.
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China Search Giant Baidu Plans to Open Online Bank
The Baixin Bank, a venture between Baidu and China Citic Bank, will be the country's first lender formed by an Internet company and a traditional bank.
