Economists are insisting that recent global financial market sell-offs should not be blamed on the depreciation of the Chinese currency.
China's pension funds do not have the obligation to prop up or rescue the country's turbulent stock market, a top official said on Friday amid popular expectations for the funds to do so.
China's top legislature on Saturday adopted an amendment to the Law on Commercial Banks, removing a 75 percent loan-to-deposit ratio stipulation.
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Up to $97 billion pension funds could be channeled into China's struggling equity market after the Cabinet gave final approval on Sunday.
China Ocean Shipping (Group) Co remained profitable during the first six months of this year, with net profit attributable to the shareholders reaching 1.897 billion yuan ($296 million).
China's oil and gas majors saw their profits slump during the first six months of the year, with the levels falling to the lowest in five years, according to financial reports.
Toyota Motor Corp is beginning trial production of cars at its China plants that were shut after explosions in Tianjin, the first step in reopening the facilities following a two-week closure, people familiar with the matter said.
Uber Technologies Inc's China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the United States-based ride service despite strong domestic competition.