X

Markets

Chinese Hotel Entrepreneur Lands Initial Funds for Unstaffed Brand Xbed

Chinese Hotel Entrepreneur Lands Initial Funds for Unstaffed Brand Xbed

Unmanned hotels are following closely in the footsteps of new business forms such as unmanned convenience stores and unattended shelves.

Feb 7, 2018
Le Yan
CSRC Bans Huaze Cobalt and Nickel Chairman From Markets for Life

CSRC Bans Huaze Cobalt and Nickel Chairman From Markets for Life

China Securities Regulatory Commission (CSRC), the country's top securities regulator, announced yesterday its imposition of a life ban onWang Tao, chairman of Chengdu Huaze Cobalt and…

Feb 7, 2018
Liao Shumin
China’s Main Stock Markets React to Global Turmoil

China’s Main Stock Markets React to Global Turmoil

China’s main stock markets closed mixed at the morning session today after suffering substantial fall yesterday in line with significant…

Feb 7, 2018
Xu Wei
Rags-to-Riches Warehouse Worker at Chinese Drink Firm Turns IPO Millionaire

Rags-to-Riches Warehouse Worker at Chinese Drink Firm Turns IPO Millionaire

Hebei Yangyuanzhihui Beverage Co. [SHE:603156] announced the results of its recent initial public offering on Feb. 1. Its shares were priced…

Feb 7, 2018
Liao Shumin
SAFE Struck Shadow Bank FOREX Trade, Landed Hundreds of Billions Last Year

SAFE Struck Shadow Bank FOREX Trade, Landed Hundreds of Billions Last Year

China’s foreign exchange regulator teamed up with police to uncover almost a hundred cases of illegal private banks dealing in currency that involved hundreds of billions of yuan last year.

Feb 6, 2018
Tang Shihua
Wanda Commercial Management Says No VAM Agreements With Four New Investors

Wanda Commercial Management Says No VAM Agreements With Four New Investors

Wanda Commercial Management Group, the world’s largest commercial property management group, does not sign valuation adjustment mechanism, or VAM, agreements…

Feb 2, 2018
Dou Shicong
Yuan Climbs to 25-Month High Against U.S. Dollar

Yuan Climbs to 25-Month High Against U.S. Dollar

The Chinese yuan strengthened for a third day in a row against the U.S. dollar to the highest level in more than 25 months as the greenback foundered.

Feb 2, 2018
Xu Wei
Qihoo 360 to Complete Its Backdoor Listing on Shanghai Stock Exchange This Month

Qihoo 360 to Complete Its Backdoor Listing on Shanghai Stock Exchange This Month

Qihoo 360 said its stock short name will change to Sanliuling and its ticker number will become 601360 on Feb. 28.

Feb 2, 2018
Liao Shumin
ZTE Denies Offering Big Discount on Placement Plan

ZTE Denies Offering Big Discount on Placement Plan

Chinese electronics maker ZTE Corp. [HKG:0763] has responded to investors’ concerns about its recently announced private placement plan, stating that the…

Feb 2, 2018
Dou Shicong
China’s Big Four Banks Hike Rates for First Time Home Buyers in Guangzhou as Credit Tightens

China’s Big Four Banks Hike Rates for First Time Home Buyers in Guangzhou as Credit Tightens

The Guangzhou branches of China’s four largest banks raised their mortgage rates for first time home buyers yesterday as their credit limits have tightened, Guangzhou Daily reported.

Feb 2, 2018
Tang Shihua
Lenovo Posts Q3 Loss on US Tax Reform Write-Off

Lenovo Posts Q3 Loss on US Tax Reform Write-Off

Chinas biggest computer maker Lenovo Group Ltd. reported a net loss of USD288 million in the third fiscal quarter due…

Feb 2, 2018
Zhao Chenting
Baofeng to Invest in Smart TV Unit Under New Strategy

Baofeng to Invest in Smart TV Unit Under New Strategy

Baofeng Group Co. [SHE:300431] has unveiled its All for TV strategy and plans to pump money into its smart television…

Feb 1, 2018
Dou Shicong

Pages