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...
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 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...

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...

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...

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...
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...

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...

Alibaba Names New CEO; Alimama President Also Appointed

SHANGHAI – Alibaba Group Holdings has named Daniel Zhang, the group’s current chief finance officer, as its new Chief Executive officer starting 10 May,...

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...

Alibaba Allows Japanese Shops and Brands to Sell on Tmall

Japanese cosmetics and other goods will soon be sold on Alibaba as the Chinese e-commerce giant signed a collaboration agreement with Yahoo Japan. Under the...

Jaguar Recalls 19,943 Vehicles in China

Problems with the brakes and lights prompted Jaguar Land Rover China (JLRC) to recall 19,943 faulty automobiles on mainland China, the General Administration of...

China’s Private Equity Market Set For Slower Growth This Year

SHANGHAI, CHINA - After a robust 2014, China’s private equity market is forecast to grow at a slower pace this year, a report by...

China’s ICBC Overtakes Wells Fargo As World’s Most Valuable Bank

The Industrial & Commercial Bank of China Ltd (ICBC) is now the world’s most valuable bank, overtaking US bank Wells Fargo & Co, after...

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...

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...

Shanghai Banks Offer Higher Deposit Rates To Lure Customers

SHANGHAI, CHINA - Smaller banks in the Chinese city of Shanghai are doing all its best to keep up with competition and further attract...

China Forecast to Produce 154 Billionaires in 10 Years

At least 154 new billionaires will emerge in China during the next decade, making the country the biggest generator of billionaires, the Wealth Report...

Small Chinese Insurers Top Online Life Market

The Insurance Association of China revealed that small and medium-sized insurance firms in the country currently dominate the burgeoning online life insurance market, accounting...