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...

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...

China Approves 30 News IPOs

The China Securities Regulatory Commission (CSRC), China's securities regulator, has approved 30 new initial public offerings (IPOs), in an attempt to cool a stock...

China’s Manufacturing Activity Slows in April

SHANGHAI, CHINA - The latest flash HSBC / Markit PMI survey showed that China’s factory activity slowed to its lowest level in a year...

Morgan Stanley To Bring Back China Hedge-Fund Event

Sources said Morgan Stanley will hold this year's Asian hedge-fund capital introductions forum in Shanghai in June after a two-year absence. The annual event...

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...

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...

Bus Plunges Into River in China; 21 Dead

GUIYANG, China - At least 21 people were confirmed dead and several others injured when the bus they boarded plunged into a river Saturday...

China To Implement New Internet Finance Policies

The People's Bank of China (PBOC), the country's central bank, announced plans to introduce new policies that will govern how Internet finance operates in...

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....

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...

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 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...

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...

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...

China’s Tourism Industry To Grow 7.5% This Year

China's tourism industry will continue to boom this year, growing 7.5% and creating more jobs in the country, said the World Travel & Tourism...

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...

Bloomberg Hiring More Journalists in China

New York-based global financial information service provider Bloomberg LP announced plans to ramp up hiring of more news professionals in China this year as...

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...

AIIB Open to All Countries, China President Xi Says

Chinese President Xi Jinping said the China-backed Asian Infrastructure Investment Bank (AIIB) is an open initiative and all countries are welcomed to join the...