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...