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China Eastern Airlines and China Southern Airlines are planning to introduce battery-free electronic baggage-checking tags, that allow passengers to track the luggage status on their mobile phones, at the Beijing Daxing International Airport from next month.
China allowed foreign capital to take control of futures companies, mutual fund management companies and securities firms last year. In July, the office of the financial stability and development committee under the State Council, China's Cabinet, announced the full removal of foreign ownership caps in those sectors in 2020.
China United Network Communications Group Co Ltd, the country's second-largest mobile carrier by subscribers, set up a big data company on Monday, as it accelerates partnerships with new strategic investors.
China Minsheng Bank Corp Ltd, a Beijing-headquartered national joint-stock commercial lender, launched a tech subsidiary called Minsheng Fintech Corp Ltd on Tuesday. The move follows in the footsteps of five other listed commercial banks, such as China Construction Bank Corp, China Merchants Bank Co Ltd and Industrial Bank Co Ltd.
China Tower's mega IPO comes hot on the heels of Chinese smartphone maker Xiaomi's planned Hong Kong IPO of up to .1 billion.