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...

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...

Wyndham Hotel Group Opens Ramada Nanjing in China

SHANGHAI - Wyndham Hotel Group, the world's largest hotel company based on number hotels, announced the opening of Ramada Nanjing, a 156-room hotel, 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’s Anbang Insurance Completes Acquisition of Delta Lloyd Bank Belgium

Chinese insurance firm Anbang Insurance Group and Delta Lloyd Bank Belgium have announced in a statement that Anbang's acquisition of the Belgian bank has...

UBS To Open Branch in Shanghai This Year

Swiss lender UBS Group AG, the biggest private bank in Asia, is set to open a Shanghai branch within this year to further cement...

China Briefs: China Stock Market Rebound, Alibaba in Fortune 500, Cybersecurity, and Retail Sales

After a breath-taking dive, China's benchmark index, the Shanghai Composite Index, posted its biggest two-day gain since 2008 on Friday, but investors and observers...

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...

700 Listed Firms in China Seek To Suspend Trading

SHANGHAI, CHINA - At least 700 listed firms in China have filed a request to suspend trading of their shares in what experts claimed...

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...