Edition:
United States

Yuan

JD.com's finance affiliate raises $2 billion, more than doubles valuation

Photo

HONG KONG JD.com Inc's finance affiliate said on Thursday it has signed binding agreements with investors to raise 13 billion yuan ($1.96 billion) in fresh equity at a valuation of nearly $20 billion.

Chen to become sole chairman of debt-laden HNA after Wang's death

HONG KONG China's HNA Group said it has made co-founder Chen Feng its sole chairman after fellow chairman Wang Jian died this week, moving to calm concerns about leadership amidst the conglomerate's efforts to slash its massive debt burden.

Jul 06 2018

Trade worries dent stocks, yuan steadies

LONDON World stocks were flat on Wednesday amid growing anxiety ahead of Washington's end of week deadline to impose tariffs on Chinese imports, while the yuan steadied after China's central bank acted to calm investors.

Jul 04 2018

Alibaba, Tencent lead $1.5 billion investment in China media group CMC

SHANGHAI/BEIJING Chinese state-backed media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd .

Jul 03 2018

Carlyle raises $6.55 billion for new Asia fund

HONG KONG Carlyle Group said on Thursday it had raised $6.55 billion for its Asia private equity fund, its biggest ever, which will seek buyout and strategic investment opportunities across a wide range of sectors in the region.

Jun 20 2018

China stocks sink as Trump's fresh trade threats herald 'darkest hour'

SHANGHAI Shanghai stocks tumbled nearly 4 percent on Tuesday to a two-year low, while the yuan fell to a more-than-five-month low against the dollar as Washington's fresh tariff threats against China raised the specter of a full-blown trade war.

World, China Jun 19 2018

Macau clamps down on use of UnionPay cards to dodge currency controls

HONG KONG Authorities in Macau, the world's biggest gambling hub, have told financial institutions to tackle the illegal use of UnionPay cards to evade exchange controls, China's latest move to clamp down on illicit capital outflows.

Jun 06 2018

China's Hebei province targets $23 billion 'ice and snow' industry by 2025

SHANGHAI Northern China's Hebei province will build winter sports and tourism facilities to create an "ice and snow industry" worth as much as 150 billion yuan ($23.33 billion) a year by 2025, the provincial government said on Wednesday.

World, China May 30 2018

Exclusive: China Inc tightens reins on debt, raises specter of slowdown

SHANGHAI/BENGALURU Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy.

May 25 2018

China fines Muji for packaging that lists Taiwan as a country

SHANGHAI Japanese retailer Muji has been fined 200,000 yuan (23,445 pounds) in Shanghai for using packaging that lists Taiwan as a country, underscoring China's growing sensitivity to how companies refer to the self-ruled island.

China, Japan May 23 2018

The yuan charge

Participants wait to perform a dragon dance during a mass fitness programme outside the National Stadium, also known as the Bird's Nest, in Beijing June 20, 2009.

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