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Moutai Sees Profit Soaring 58% for 2017 on Higher Liquor Sales

Moutai Sees Profit Soaring 58% for 2017 on Higher Liquor Sales

Kweichow Moutai Co., the world’s most valuable distiller, expects profit surged 58 percent last year because of increased sales…

Jan 31, 2018
Xu Wei
Leshi Expects USD1.8 Billion Loss, Largest for Private A-Share Firm in a Decade

Leshi Expects USD1.8 Billion Loss, Largest for Private A-Share Firm in a Decade

Leshi Internet Information & Technology Corp. forecast a net loss of CNY11.6 billion (USD1.8 billion), which would make it the…

Jan 31, 2018
Liao Shumin
Sohu, Sogou Shares Take Beating After Sohu Posts USD556 Million Annual Loss

Sohu, Sogou Shares Take Beating After Sohu Posts USD556 Million Annual Loss

Shares of Chinese internet firm Sohu.Com Inc. and unit Sogou Inc. have tumbled in New York since Sohu announced a…

Jan 31, 2018
Dou Shicong
Chinese SOE Issues Record-Breaking USD1.85 Billion of Unrated Dollar Bonds

Chinese SOE Issues Record-Breaking USD1.85 Billion of Unrated Dollar Bonds

Tsinghua Unigroup Co. said that it issued unrated senior bonds worth USD1.85 billion abroad on Jan. 25, setting a record…

Jan 30, 2018
Liao Shumin
Shanghai to Add More Free Trade Accounts to Make Corporate Financing Easier

Shanghai to Add More Free Trade Accounts to Make Corporate Financing Easier

Shanghai will bring in more free trade accounts as it looks to make financing easier for companies in the city.

Jan 30, 2018
Tang Shihua
Good Doctor Health Unit to Lead Wave of Ping An Units Going Public This Year

Good Doctor Health Unit to Lead Wave of Ping An Units Going Public This Year

Ping An Insurance Group Co. has submitted documents for its health technology unit to go public in March, part of…

Jan 30, 2018
Dou Shicong
Data Center Provider Wangsu Denies Reports of USD469 Million Tencent Investment

Data Center Provider Wangsu Denies Reports of USD469 Million Tencent Investment

Wangsu Science and Technology Co. [SHE:300017], a Chinese provider of content delivery network and internet data center services, has refuted…

Jan 29, 2018
Dou Shicong
Yuan Hits Two-Year High Against Dollar as Greenback Slide Continues

Yuan Hits Two-Year High Against Dollar as Greenback Slide Continues

The yuan ‘s central parity rate against the dollar rose for the sixth straight day yesterday, reaching its highest point…

Jan 27, 2018
Xu Wei
Yuan-Dollar Central Parity Rate Hits 27-Month High on Weak Greenback

Yuan-Dollar Central Parity Rate Hits 27-Month High on Weak Greenback

The central parity rate of the yuan against the dollar hit a 27-month high of 6.3724 today on a weak greenback.

Jan 25, 2018
Xu Wei
US Jury Finds Chinese Turbine Maker Sinovel Guilty of Stealing Trade Secrets

US Jury Finds Chinese Turbine Maker Sinovel Guilty of Stealing Trade Secrets

A jury in Wisconsin found Sinovel Wind Group Co. guilty of conspiracy to commit trade secret theft, theft of trade secrets and wire fraud, the Chinese turbine manufacturer said today.

Jan 25, 2018
Xu Wei
Aier Eye Hospital Mulls Over USD156.5 Million Leshi HQ Purchase

Aier Eye Hospital Mulls Over USD156.5 Million Leshi HQ Purchase

Leshi Internet Information and Technology Corp. may sell its Beijing headquarters to repay some of its debts, with Aier Eye…

Jan 25, 2018
Dou Shicong
USDX Falls Below 90 Basis Points; Yuan-Dollar Central Parity Drops Under 6.4

USDX Falls Below 90 Basis Points; Yuan-Dollar Central Parity Drops Under 6.4

For the first time in three years, the US Dollar Index (USDX) has fallen below 90 basis points, boosting the yuan-dollar central parity rate over 6.4 for the first time in 25 months.

Jan 24, 2018
Xu Wei

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