Tencent invests $50m in Canada's Kik Interactive
2015-08-21 13:43:59
Mobile messaging firm's chief says both have 'shared vision' Tencent Holdings Ltd has underlined its overseas ambitions with another substantial investment.
Lenders ordered to give green light to key national projects
2015-08-21 20:15:48
China will encourage banking institutions to increase lending to major projects in key fields to support major national strategies, including the Belt and Road Initiative and the development of the Yangtze River Economic Belt.
IMF to extend current SDR basket until September 2016
2015-08-20 09:35:49
The IMF recently approved the extension of the current special drawing rights valuation basket by nine months from Dec 31, 2015 to Sept 30, 2016.
Personal investable assets likely to reach $31 trillion in five years
2015-08-19 08:01:02
Personal investable assets are expected to grow by 13 percent annually to reach 196 trillion yuan ($31 trillion) in the next five years, says a new report.
LeTV hires top financial talent
2015-08-19 07:39:37
About 26 senior executives of Chinese banks have left their jobs this year for positions in Internet finance and other sector, claims newspaper.
Financial group extends its reach
2015-08-18 15:31:35
Ant Financial, which operates electronic payment platform Alipay and online money-market fund Yu’ebao has launched independent wealth management platform Ant Fortune.
State-owned companies lead the slump as stock market dives 6%
2015-08-18 15:48:22
Chinese shares nosedived on Tuesday with the benchmark Shanghai Composite Index dropping 6.14 percent to close at 3,748.16 points.
Weakened yuan expected to help nation's car exports
2015-08-17 11:28:10
After a three-day sharp slide in the renminbi exchange rate against the US dollar, some industrial experts and auto executives are reportedly expecting the lower exchange rate to stimulate more vehicle exports.
Lenovo plans to launch cheapest 4G smartphone in Indian market
2015-08-17 13:02:09
Tech giant Lenovo is likely to strengthen its Indian market by launching the cheapest 4G smartphone, Lenovo A2010, in the country.
CSFC to halt stock market intervention
2015-08-15 09:29:41
China Securities Finance Corp, the State-owned margin lender which played a crucial role in halting the recent slide in Chinese stock markets.
IMF upbeat on China's economy, calls for more reforms
2015-08-16 03:58:51
The International Monetary Fund (IMF) believes that the Chinese economy is entering a slower but better growth mode but said more reforms and less government interventions is the way forward.
Yuan moves augur well for shipping companies
2015-08-15 09:50:11
This week's depreciation of the Chinese currency will help both international and domestic shipping operators in the region that have been stuggling of late with growing costs and rising competition.