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China Media Capital, an investment fund backed by the Chinese government, had previously announced a joint venture with Warner Bros called Flagship Entertainment.
China Everbright Bank Co Ltd, a national joint-stock commercial lender headquartered in Beijing, announced on Jan 11 that it had received regulatory approval for the establishment of a joint venture to be named Beijing Sunshine Consumer Finance Co Ltd. The bank contributed 60 percent of the firm's registered capital of 1 billion yuan, while China CYTS Tours Holding Co Ltd and O-Bank Co Ltd contributed 20 percent each.
China Bohai Bank Co Ltd will "ride the wind and plough the waves" of China's reform and opening-up, as the country further opens its financial sector to foreign investment, said senior executives of the bank on Thursday.
China Datang Corp introduces its financial products to visitors at the Clean Energy Expo China 2018 in Beijing. [Photo provided to China Daily]
China already has the world's largest gaming market, valued at 166 billion yuan ( billion) in 2016, a quarter of the world's total.
