China Unicom, Baidu Agree to Collaborate Amid Ownership Reform

China United Network Communications and Baidu Inc. agreed to collaborate on areas ranging from mobile internet to artificial intelligence amid government plans for ownership reform of state-owned enterprises. China United Network, the state-owned parent of ... ( read original story ...)

China's Central Bank Has New Tools to Cool Frothy Money Markets

While you wait for the next interest-rate increase in the world’s largest economy, policy has quietly tightened in the second-biggest: China. The People’s Bank of China has allowed a steady increase in money market rates in recent weeks to squeeze ... ( read original story ...)

China Construction Bank gets Malaysian banking licence

PETALING JAYA: China Construction Bank Corp (CCB), ranked as the world’s second-largest bank, has been granted a Malaysian commercial bank licence by the Minister of Finance. Bank Negara said the banking giant’s unit, China Construction Bank (Malaysia ... ( read original story ...)

China's Geely, Volvo beef up strategy with new brand

It's part of Volvo Cars' efforts to step up competition with other luxury car brands both globally and within China, the world's No. 1 auto market, after it was bought by Zhejiang Geely Holdings in 2010. The new plant will produce Volvo's new 40 series ... ( read original story ...)

Why China's Latest 'Financial Innovation' Might Not Work

Behold, the latest in Chinese financial innovation. That's a statement published this week by the National Association of Financial Market Institutional Investors. It heralds the start of trading, in China, of credit-default swaps (CDS), or derivatives ... ( read original story ...)