The fund, backed by China’s cabinet, is designed to help turn China into a major player in internet technology, said the report. An initial 30 billion yuan has already been raised from major banks and…
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China’s tycoons made fortunes offshore. Now the party is over.
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China’s industrial profits grow at slowest pace this year
Typhoon Noul: Shenzhen girl, 6, blown away by gale, runs back to safety
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Typhoon Noul weakens after making landfall, brings heavy rain to southern China
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China sets up $14.6 billion internet investment fund: Xinhua
Trump’s treasury chief willing to brand China currency manipulator
US Treasury Secretary nominee Steven Mnuchin said during his Senate confirmation hearing he is willing to label China as a currency manipulator if warranted, after president-elect Donald Trump backed away from his pledge to do…
Top 10 luxury brands in China’s cyberspace
Some luxury brands began to advertise and even tried to sell products on WeChat, one of China’s most popular instant messaging app in 2016, indicating increased input in digital development. Fortune Character Institute, a research…
Dunkin Brands : Chinese express doubts about US relations under Trump
BEIJING — People in Beijing expressed doubts Saturday about President Donald Trump’s ability to steer the U.S. economy and manage China-American relations, underscoring concerns over trade, Taiwan and other issues. While Trump didn’t mention China…
Fast-fashion brands defy slowdown in China's apparel market
Growing popularity in second- and third-tier cities is cementing the leading position of Uniqlo, H&M and Zara in China, according to FT Confidential Research’s latest quarterly brand survey. Growing demand in the provinces may justify…
China Mobile : selects Brocade NFV solution to support cloud offering
NFV solution to initially be deployed at China Mobiles Southern Base and Northern Base data centers. China Mobile selected a network functions virtualization solution from Brocade to support the delivery of cloud-based services. Brocades Virtual…
China Mobile Ltd. (CHL) Short Interest Up 146.7% in December
China Mobile Ltd. (NYSE:CHL) saw a large increase in short interest in the month of December. As of December 30th, there was short interest totalling 1,453,378 shares, an increase of 146.7% from the December 15th…
China's itel targets 15 million handset sales in India this FY
China-based Transsion Holdings’ flagship brand itel Mobile is targeting to sell 15 million handsetss by the end of the current financial year. “Despite several unexpected market challenges such as demonetisation, we have reached cumulative sales…
Sunrise China Technology : Honored as Bob Scott VAR Star for 2016
Sunrise Technologies has been selected as a member of the Bob Scott’s VAR Stars for 2016, a group of 100 organizations honored for their accomplishments in the field of midmarket financial software. Being selected as…
China money rates fall after central bank liquidity support, yuan flat
SHANGHAI China’s primary money rates fell on Friday, but remained elevated, after the central bank provided banks with liquidity support, to help avert a cash crunch before the Lunar New Year. The People’s Bank of…
China’s fintech industry shows where the rest of the world is heading
No notes are counted out, no coins bounce and clatter into cash registers, no-one queues at the bank. “The country leads the world when it comes to total users and market size,” observed a McKinsey…
China offers temporary funding to major banks
A woman walks past the headquarters of the People’s Bank of China in Beijing. Commercial banks had 11tn yuan ($1.6tn) of sovereign and financial bonds outstanding as of December, a former PBoC official said yesterday.…
China 'cuts reserve ratios for five big banks temporarily'
The People’s Bank of China (PBOC) has cut the reserve requirement ratio (RRR) for the banks by one percentage point, taking the ratio down to 16 per cent. It will restore their RRR to the…
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