It was a year of explosion for China’s New Third Board, officially named the National Equities Exchange and Quotations (NEEQ), in 2015. A total of 5,129 companies with combined market capitalization of RMB2.46 trillion (US$374 billion) were listed on China’ New Third Board as of the end of 2015, up 3.26 times and 4.35 times […]

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China’s biggest ride share company Didi Kuaidi says its platforms have completed 1.43 billion rides in 2015, nearly twice as much as all taxi bookings in the U.S. last year and 1.4 times that of Uber’s total global orders for the past six years cumulatively, says an announcement. Didi Kuaidi’s numbers include bookings across private […]

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Last year saw China’s growth slowing further but the government’s intensified policy support helped to prevent a hard landing. The equity market was very volatile and the world was surprised by China’s modest but perhaps ill-timed currency move. Here, UBS AG lists five key themes and five big surprises for the year of 2016. Five […]

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After China suspended a four-day experiment last Thursday with circuit breakers for its stock market, Alan Lok, director of capital markets policy, Asia Pacific at the CFA Institute, told China Money Network that any revised circuit breaker mechanism should be designed as the last resort to stabilize markets in time of extreme volatility. China unleashed […]

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The Beijing government has suspended registration for new investment enterprises in the capital to crackdown on illegal fundraising and protect investors, according to Chinese media reports. Any private companies and individual business owners with the following word in their company names: investment, capital, fund, holding, wealth management, financial leasing, and non-financial guarantee, have not be […]

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China’s consumer price index (CPI) edged up to 1.6% in December, from 1.5% in November. The rise was largely driven by food prices, which rose 2.7%, and contributed 0.91 percentage point to the headline CPI. The producer price index (PPI) declined 5.9% in December, flat from the previous month, as commodity prices continued to slide. […]

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Fosun International Limited has agreed to increase its stake in German lifestyle clothing company Tom Tailor Holding AG to more than 25%, but below 30%, for an undisclosed amount, says an announcement. In 2014, Fosun International teamed up with Tom Tailor’s management team to buy a 23.16% of the Frankfurt-listed company for reportedly €87.5 million […]

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Yang Yuanqing, chairman and chief executive of Lenovo Group Ltd., says he expects smartphone demand in Brazil and India to compensate the decelerating Chinese market, and to contribute to the company’s bottom line in the next few quarters, according to Chinese media reports. Chinese smartphone market is expected to grow less than 1% compound annual […]

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Intel CEO Brian Krzanich says that China is quickly becoming an innovation center in the world, and his company is helping the country’s historic transition to “Innovate in China” from “Made in China”, he told reporters from Tencent Technology at the CES 2016 in Las Vegas. Krzanich says that he does not look at China […]

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Chinese P2P (peer-to-peer) lending firm Yirendai Ltd., which raised US$75 million via an initial public offering on the New York Stock Exchange last month, has appointed LendingClub’s former chief risk officer Chen Chaomei as a member of the company’s advisory committee, effective January 7, 2016, says an announcement. Chen will provide strategic advic to Yirendai’s […]

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