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BMW Holds More Stock in BBA 446,773

BMW raised its hold­ings in BBA (BMW Bril­liance Au­to­mo­tive, a joint com­pany in­vested in by BMW and Bril­liance China) from 50 per­cent to 75 per­cent at around US$4.1 bil­lion.

Chi­nese Women’s Vol­ley­ball Team De­feats US 425,235

The Chi­nese women’s vol­ley­ball team got to the fi­nal six in the 2018 Vol­ley­ball Women’s World Cham­pi­onship af­ter beat­ing the US team 3-0 on Oc­to­ber 10.

For­mer South Korean Pres­i­dent Sen­tenced to 15 Years 359,876

On Oc­to­ber 5, South Korea’s for­mer pres­i­dent Lee Myung-bak was sen­tenced to 15 years in prison for cor­rup­tion and bribery. Lee will ap­peal, ac­cord­ing to his lawyer.

Jack Ma Back on Top of China Rich List 316,684

Jack Ma, founder of China’s big­gest on­line shop­ping plat­form Alibaba, has re­gained his top spot on the an­nual Hu­run 2018 China Rich List (China’s equiv­a­lent of the Forbes rank­ing).

PBOC Low­ers RRR 305,707

The Peo­ple’s Bank of China (PBOC) an­nounced on Oc­to­ber 7 a fur­ther one per­cent cut in the re­serve re­quire­ment ra­tio for com­mer­cial banks to en­able more liq­uid­ity to re­pay loans from the PBOC.

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