HONG KONG - When it comes to making a killing on the Hong Kong IPO market, buying into a cemetery custodian is not the first strategy which springs to mind.
HONG KONG - China's yuan currency overtook the euro in October, becoming the second-most used currency in trade finance, global transaction services organization SWIFT said on Tuesday.
BEIJING - The breakneck pace of growth in China's 10 trillion yuan ($1.64 trillion) investment trust industry is unsustainable and earnings risk drying up as the government steps up financial reforms that will change sources of revenue, research shows.
BEIJING - With a shift in tone and language, China's central bank governor has dangled the prospect of speeding up currency reform and giving markets more room to set the yuan's exchange rate as he underlines broader plans for sweeping economic change.
BEIJING - Chinese police have detained a man suspected of setting off several small bombs in front of a Communist Party building in the northern Chinese city of Taiyuan this week because he wanted "revenge on society", state media reported on Friday.
SHANGHAI - The Coca-Cola Co said it will invest over $4 billion in China and build new plants between 2015 and 2017, to counter competition which is chipping away at its share of the country's 421 billion yuan ($69.12 billion) soft drinks market.
BEIJING - Chinese police have detained a man in connection with several small bombs that exploded in front of a Communist Party building in the northern Chinese city of Taiyuan earlier this week, state media reported on Friday.
HONG KONG - China's campaign to root out deep-seated corruption has now extended into the shipping industry, after the country's largest bulk shipper, China COSCO Holdings Co Ltd, said the government was probing one of its top executives.
BEIJING - Several small bombs exploded in front of a Communist Party building in the northern Chinese city of Taiyuan on Wednesday, killing one person and injuring another eight, state media said. | Video
HONG KONG - China is considering the use of international law in a big push to get free trade zones up and running to promote the use of the yuan in global trade, which could challenge Hong Kong longer term as the main offshore center for the currency.
The yuan charge
The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains. Document