Shares of Beijing-based micro lender Qudian Inc. QD, +30.36% soared in their public debut Wednesday, enough to make them the biggest percentage gainer on the NYSE. Qudian said earlier that its IPO of 37.5 million…
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China’s Bona Poised to Raise $215 Million Through Local IPO
Chinese film producer and distributor, Bona Film Group is poised to raise $215 million through an initial public offering on one of China’s stock markets. The company is expected to be valued at upwards of…
The Treasury Department backs down on some of its criticism of China’s currency policies
The US Treasury Department moderated its criticism of China’s foreign exchange policies, but highlighted its large bilateral trade deficit with the US. China does not actually match the Treasury’s three criteria for being labeled a…
China’s Xi Vows to Open Its Economy, Deepen Financial Reforms
China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China will push ahead…
Beijing must assert authority over Hong Kong’s autonomy in ‘organic way’, Xi Jinping says
President Xi Jinping set the course for Hong Kong and Macau governance on Wednesday, calling for the melding of the central leadership’s authority over the two cities’ high degree of autonomy to be done in…
Beijing puts its foot down on share bikes, regulation looms
The scourge of abandoned share bikes is becoming an international issue, with Beijing forced to ban new schemes after thousands of bikes were dumped across the city. Almost 2.4 million share bikes have hit the…
China Internet Nationwide Financial Services Inc. Announces Changes to Its Board of Directors
BEIJING, Oct. 18, 2017 /PRNewswire/ China Internet Nationwide Financial Services Inc. (CIFS) (“CIFS” or the “Company”), a leading financial advisory services company, today announced changes to its Board of Directors (the “Board”) with the appointment…
Beijing’s Animal Lovers Willing to Pay RMB900 for Luxurious Pet Hotels
Beijing’s pet owners are nothing if not devoted. They’re willing to fork out tons of money for cute animal outfits and spend big on elaborate pet funerals. But there’s a new craze among the capital’s…
No One In China Wants To Get Married Anymore, And It’s Making Beijing Nervous
If there’s one thing Cui Shuxin can happily live without, it’s marriage. The 29-year-old, who works as a director in a global public relations firm in Beijing, doesn’t want to tie the knot with her…
China Unicom sets up Brazilian subsidiary
China Unicom officially opened a subsidiary in Brazil. This marks the second overseas subsidiary of China Unicom International following the previous establishment of a local operating company in Russia. China Unicom’s network operates in 31…
How Xi Jinping’s China stacks up with the rest of the world
Hong Kong (CNN)In a pivotal three-hour speech, China’s President Xi Jinping on Wednesday painted a rosy picture of the country’s accomplishments over the past five years. But how does China really stack up with the…
The Latest: Tibetan group protests at China Embassy in India
11:20 a.m. President Xi Jinping has called for China’s ruling Communist Party to step up technology development, an area in which Beijing faces complaints it encourages theft of foreign know-how and blocks access to emerging…
China’s Xi lays out vision for ‘new era’ led by ‘still stronger’ Communist Party
Xi’s wide-ranging speech, which ran nearly three-and-a-half hours, laid out a confident vision for an increasingly prosperous China and its place in the world, stressing the importance of wiping out corruption and making clear there…
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