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,...

State-Owned China Taiping Seeks USD1.74 Billion in Private Share Sale

HONG KONG - Chinese state-owned financial and insurance group China Taiping Insurance said in a securities filing that it plans to raise HKD13.48bn (USD1.74bn)...

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 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’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...

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...

Coke to Acquire Beverage Unit of China Drinks Maker for USD400-Million

HONG KONG - American softdrink giant Coca-Cola has reportedly agreed to acquire the beverage business of China Culiangwang Beverages Holdings Ltd for about USD400...

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...

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...

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...

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...