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...

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...

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...

Small Chinese Insurers Top Online Life Market

The Insurance Association of China revealed that small and medium-sized insurance firms in the country currently dominate the burgeoning online life insurance market, accounting...

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...

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...

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...