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...

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...

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...

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...
Excalibur Global Financial

Excalibur Global To List on Hong Kong’s GEM Board

Excalibur Global Financial Holdings (Excalibur), a Hong Kong-based futures brokerage services provider, has announced plans to list on the GEM Board of The Stock...

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...

AIA Gets Mainland China Approval for Subsidiary

HONG KONG – AIA Company Limited has received approval from the China Banking and Insurance Regulatory Commission to convert its Shanghai Branch into a...

Sheng Ye Capital Announces 2019 Interim Results

Income from Factoring and Other Services Surges 30.0% to RMB237.5 Million Healthy Financial Position and Excellent Factoring Business Performance Makes Application to HKEX...

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...

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...

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...

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...

FUZAMEI Launches ’33 Charity’ Blockchain Tracing Platform

Hangzhou FUZAMEI has launched '33 Charity', a shared blockchain platform for tracing information, registration and storage. The Company has also donated RMB 40,000 and...

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....

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...
Tot Biopharm

China’s Tot Biopharm Raises $102m in Series B

Suzhou-headquartered biotechnology firm Tot Biopharm has raised $102 million in Series B funding round backed by China Universal GP Ltd and several domestic and...

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...
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...

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...

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...