Charles Schwab, one of the world’s biggest brokerage houses with client assets worth US$2.46 trillion, is eying expansion in China as it seeks to tap growing demand from mainland investors who want to buy foreign securities.Thursday, 29 January, 2015, 12:26pm
The year’s first dollar debt sold by a mainland China developer comes with a surprisingly low yield given the default fears stalking the market in the wake of Kaisa’s troubles.29 Jan 2015 - 12:07pm
Chinese consumer sentiment declined slightly in January, as confidence in jobs and the real estate outlook remained subdued while spending on durable goods fell to a record low.
The Westpac MNI China Consumer Sentiment Indicator dropped to 112.1 in January, near the record low seen in October last year, and reversed a December rebound.28 Jan 2015 - 12:46pm
JD.com, the largest online direct sales company in China, is looking to expand the selection of imported foods and beverages sold to its 50 million mainland customers under its first major promotion with six countries.21 Apr 2015 - 11:26am
Miami-based Carnival, the world’s biggest cruise line, today signed a memorandum of understanding (MOU) with state-owned China Merchants in Shekou, Shenzhen to explore the possibility for two joint ventures.
One entity will order new ships to be designed and built in mainland China, in addition to plans to acquire existing cruise ships.27 Jan 2015 - 11:40pm
Starting from mid-February till the end of this year, home buyers in China’s third-tier city of Shaoxing in Zhejiang province will be given a tax refund from the local government of at least 0.8 per cent of the deal price.18 Apr 2015 - 5:54pm
Mainland China’s state-backed oil and gas giants will likely be more active in looking at overseas acquisition opportunities this year to take advantage of sharply lower oil prices, after taking a breather last year amid corruption probes and an emphasis on spending and investment discipline.27 Jan 2015 - 10:22am
US hospital Mayo Clinic has entered into a partnership agreement with Chinese healthcare firm Medisun Holdings to collaborate on patient services and regenerative treatment research, a statement posted Monday morning to the stock exchange said.26 Jan 2015 - 9:45am
Shanghai has become the first big city or provincial government to drop economic growth targets from its annual work report, a landmark break from the country's decades-long obsession with GDP.26 Jan 2015 - 6:25pm
The mainland banking sector’s non-performing loan ratio jumped to 1.64 per cent at the end of 2014, according to China’s banking regulator, up from 1.16 at the end of the third quarter of the year and marking the biggest quarter-on-quarter jump in the official bad-loan count on record.23 Jan 2015 - 3:48pm
Ping An Insurance bought the Tower Place in London from Deutsche Asset & Wealth Management for £327 million, in its second purchase in the city’s financial district in less than two years.
The mainland’s second-largest insurer bought London’s iconic Lloyd’s building for £260 million in its first overseas foray in July 2013.23 Jan 2015 - 12:32pm
Falling prices are a concern for China, which wants to avoid Japan’s fate of sinking into a 20-year deflationary funk that has depressed consumption and economic growth.24 Jan 2015 - 1:20pm
The first miss of a government growth target since 1998 and the mainland's slowest gross domestic product expansion in 24 years were still enough to create more jobs than expected in 2014.21 Jan 2015 - 8:31am 2 comments
The mainland's working-age population continued to fall last year as Beijing struggled to address a spiralling demographic challenge made worse by its one-child policy.21 Jan 2015 - 5:05am
Fact and forecast have combined to deliver a double blow to the world's economic prospects. First the mainland's statisticians reported that the country's economy slowed to 7.4 per cent last year, the weakest expansion in 24 years.21 Jan 2015 - 1:04pm 1 comment