Wealth Management China

Chinese Investors Prefer Wealth Management Products

Nearly half of Chinese people who are planning to invest more this year pick wealth management products as their top investment choice, according to...
Bitcoin

China Warns Bitcoin Exchanges

To step up efforts to tighten regulation over digital currency, China’s central bank has told Bitcoin exchanges to refrain from margin trading and money...
China Entercom Dadi Cinema

China Entercom, Dadi Cinema Sign Cooperation Deal

BEIJING -- China Enterprise ICT Solutions Limited (China Entercom) announced the signing of a strategic cooperation agreement with Dadi Cinema Group ("Dadi"), a trendsetting company...
House of Fraser

China’s First House of Fraser Store Locates in Nanjing

NANJING, CHINA -- House of Fraser, the UK and Ireland's premium department store group,formally opens its first store in China, Nanjing on December 21. The...

Shenzhen Expressway’s Q3 Results Meet Expectations

Shenzhen Expressway’s Q3 net profits attributed to owners of the group hit Rmb332 million, a year-on-year increase of 5.7%, which is in line with...
Huixin Credit

China’s Huixin Credit To List Shares in HK

HONG KONG – Huixin Credit (Quanzhou Huixin Micro-Credit) has announced the proposed listing of its shares on the Main Board of the Hong Kong...

Russia, China To Step Up Nuclear Energy Cooperation in Foreign Markets

Russian President Vladimir Putin has revealed that Russia and China are discussing the possible expansion of nuclear cooperation between the two countries in foreign...

China to Shut Down 2,000 Asset Management Firms

The China Securities Regulatory Commission (CSRC) said it will close more than 2,000 private asset management firms in the country as part of China's...
Bank of China

Bank of China Posts Q1 Profit Rise

China's fourth-largest bank by assets, Bank of China Ltd (BoC) has reported a 1.7 percent net profit rise in the first quarter of the...

China’s Capital Outflows Forecast to Hit USD538 Billion

The Institute of International Finance (IFF) has forecast a possible capital exodus of US$538 billion in China this year as global investors continue to...
Bank of China

Bank of China Opens First Chinese Bank in Brunei

One of China’s state-owned big-four banks, Bank of China, is opening a branch in Brunei, becoming the first Chinese financial institution to establish a...

Brazilian Soccer Legend Ronaldo To Open Soccer Schools in China

Brazilian soccer legend Ronaldo Nazario has announced his plan to open 30 soccer schools in China to help the country realize its football dream. The...

HSBC Raises Target Price for Tencent

HSBC Global Research has maintained its "buy" rating and raised its target price for Tencent (HKE:700) to HKD173. Tencent closed at HKD152.20 on Friday...

Nasdaq-listed China Biologic Gets Approval for New Collection Site in Shandong

Nasdaq-listed China Biologic Products Inc has announced that it received approval from the Shandong Provincial Health and Family Planning Commission to build a new...

China Concerns Wipe Out USD2.2 Trillion from Global Financial Markets

About USD2.2 trillion was believed wiped out from the value of global stocks within just four days of trading last week, Bloomberg has estimated,...

Fitch Believes Insurance Losses in Tianjin Blast Higher Than Expected

Initial estimate on insurance losses from the devastating twin blast in the Chinese port of Tianjin was placed between USD1 billion to USD1.5 billion...

China Wants Quick Response to Insurance Claims Related to Tianjin Blasts

Insurance companies that will receive claims related to the deadly twin blasts that rocked the northern port city of Tianjin should immediately process the...

Wyndham Hotel Signs 7 More Ramada Properties in China

Wyndham Hotel Group has signed seven additional Ramada properties across China, in the provinces of Sichuan, Shandong, Hubei, and Jiangsu, the company said in...

China’s Anbang Could Enter Japan Via USD1 Billion Bid for Simplex Investment

China's Anbang Insurance Group could enter Japan in its first real estate foray in the country if its USD1 billion bid for Japanese property...

Italy To Hear Money-Laundering Case Against Bank of China, 297 Others In 2016

Italian prosecutors will start the trial for a money-laundering charge involving the Bank of China, one of the five biggest state-owned commercial banks in...