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...

Insurance Briefs: Shanghai Insurance Exchange To Get Approval, Nippon Life To Acquire NAB’s Insurance...

China's Shanghai Securities News has reported that the Shanghai Insurance Exchange, which has been planned since 2011, could finally get approval from the China...

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...

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...

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...

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...

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...

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...

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,...