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...
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...

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’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 Okays Stock Market Listing of 166 Firms

The China Securities Regulatory Commission (CSRC) announced that a total of 166 companies have been given the go signal to list on the stock...

Shanghai Raises Monthly Minimum Wage

Workers in Shanghai will get a raise in their monthly minimum wage as authorities said the 200 yuan (US$32.24) increase will take effect starting...
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...

More Young Chinese Investing in Stocks But Experts Warn of Risks

SHANGHAI – A new breed of well-educated young Chinese are now buying stocks but experts warn of risky investments as most of these young...

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 Says Interest Rate Cut Not Quantitative Easing

BEIJING - China's central bank, the People's Bank of China (PBOC) has trimmed the benchmark loan and deposit interest rates starting 11 May as...

Gucci, Yves Saint Laurent Sue Alibaba Over Counterfeit Goods

NEW YORK - Global luxury brands Gucci, Yves Saint Laurent and other brands owned by Paris-based Kering SA have filed a lawsuit in Manhattan...

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 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...

China Briefs: H1 Deficit, Stocks Up For Six Straight Days, Urban Unemployment Down Slightly

China Deficit Hits USD104 Billion Mainland China experienced more net-capital outflow from January to June this year, even as the foreign-exchange settlement deficit went up....

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,...

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...

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 Fruitday Completes USD70 Million Series C Financing

Fruitday.com, one of China's leading online fresh fruits providers, received USD70m worth of series C financing from B2C e-commerce giant JD.com. According to Fruitday.com, the...

Chinese Billionaires In Asia’s Wealthiest Under 40

Chinese Billionaires Dominate Asia's Wealthiest Under 40 List The latest list released by Wealth-X showed that six young Chinese billionaires are in the top 10...