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...

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,...

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...
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...

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...

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...

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...

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...

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 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 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...

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...

More Chinese Companies Freeze Share Trading

SHANGHAI, CHINA - About 1,323 listed Chinese firms have suspended trading on mainland exchanges, locking up at least USD2.6 trillion worth of shares, or...

State-Owned China Taiping Seeks USD1.74 Billion in Private Share Sale

HONG KONG - Chinese state-owned financial and insurance group China Taiping Insurance said in a securities filing that it plans to raise HKD13.48bn (USD1.74bn)...