Markets

Hong Kong Breaks Months' Peace to Intervene in Forex Rate Decline, Hang Seng Slides

Hong Kong Breaks Months' Peace to Intervene in Forex Rate Decline, Hang Seng Slides

Hong Kong's monetary authority intervened in the exchange rate of the Hong Kong dollar for the first time since May…

Aug 15, 2018
Zhou Ailin
MSCI Moves Ahead With Next Phase of Chinese Equity Inclusions

MSCI Moves Ahead With Next Phase of Chinese Equity Inclusions

Global index compiler MSCI will proceed with a planned second phase of partial inclusion of mainland Chinese equities to benchmarks,…

Aug 14, 2018
Xu Wei
China’s Push for Inclusive Finance Is Progressing Steadily, PBOC Says

China’s Push for Inclusive Finance Is Progressing Steadily, PBOC Says

Chinese services aimed at making finance more inclusive developed steadily last year, with the number of unbanked citizens becoming almost…

Aug 14, 2018
Tang Shihua
CSRC Fines Pharma Share Fiddler, Fingers Film Star

CSRC Fines Pharma Share Fiddler, Fingers Film Star

The China Securities Regulatory Commission punished a huge stock price manipulator last week. Gao Yong, a natural person, used 14…

Aug 14, 2018
Wang Juanjuan & Yuan Ziyi
China Huarong Projects a Drop in Profits Due to Loans, Bear Market

China Huarong Projects a Drop in Profits Due to Loans, Bear Market

China Huarong Projects a Drop in Profits Due to Loans, Bear Market. State-owned bad-debt manager China Huarong Asset Management warned…

Aug 14, 2018
Liu Jing
Chinese Cheats Play Plane Ticket Tricks as Trump Trashes Turkey's Lira

Chinese Cheats Play Plane Ticket Tricks as Trump Trashes Turkey's Lira

Reports have swirled online since the weekend that if one buys a ticket on the international website of Ctrip.Com International,…

Aug 14, 2018
Chen Shanshan & Yue Yan
China Literature Buys New Classics Media for USD2.25 Billion

China Literature Buys New Classics Media for USD2.25 Billion

Online literature platform China Literature plans to buy New Classics Media lock, stock and barrel for up to CNY15.5 billion (USD2.25 billion), it said in a statement yesterday.

Aug 14, 2018
Xu Wei
Podcaster Ximalaya FM Denies USD581 Million Funding From Tencent, Goldman Sachs

Podcaster Ximalaya FM Denies USD581 Million Funding From Tencent, Goldman Sachs

Chinese audio sharing platform Ximalaya FM has rebutted claims that it has secured a funding worth CNY4 billion (USD581 million).

Aug 13, 2018
Liao Shumin
Investment Bankers, Brokers See Salaries Cut as Firms Scramble for New Business

Investment Bankers, Brokers See Salaries Cut as Firms Scramble for New Business

Stocks' Downturn Slashes Brokers', Bankers' Wages; Forces to Broaden Business

Aug 13, 2018
Yin Jingfei
PBOC Weakens Yuan Most in Nine Days, Setting It at Lowest Versus Dollar in a Year

PBOC Weakens Yuan Most in Nine Days, Setting It at Lowest Versus Dollar in a Year

PBOC Weakens Yuan Most in Nine Days, Setting It at Lowest Versus Dollar in a Year

Aug 13, 2018
Xu Wei
Yuan's Internationalization Takes Years, Includes Trade-Offs, Former PBOC Chief Says

Yuan's Internationalization Takes Years, Includes Trade-Offs, Former PBOC Chief Says

Yuan's Internationalization Takes Years, Includes Trade-Offs, Former PBOC Chief Says. The internationalization of the yuan should be carried out in…

Aug 13, 2018
Song Yikang
China Issues First Asset-Backed Notes via Bond Connect

China Issues First Asset-Backed Notes via Bond Connect

China issued the first of two batches of asset-backed notes in recent days following the start of the bond connect, to which overseas investors can subscribe.

Aug 13, 2018
Xu Wei

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