Huarong to sell 20% stake to investor group

Goldman Sachs Group Inc and private equity firm Warburg Pincus LLC are among the investors nearing a deal to buy as much as a 20 percent stake in China Huarong Asset Management Ltd for about $2 billion, seeking a share in the profitable business of bad loan management in China.

Companies helping Hebei cut pollution

An increasing number of companies in China's most polluted region of Hebei have gained green loans with emission permits as pledges, following the guideline launched by the province to strengthen financial support for environmentally friendly industries and projects.

Realty mogul sets up Harvard education fund

The billionaire couple who founded Chinese real estate company SOHO China have given $15 million to Harvard University as part of a $100 million endowment they are establishing for underprivileged Chinese students to attend top universities around the world.

Bringing back a smile to their faces

Tang Shuxi, an 8-year-old boy who was born with severe cleft lips and palate, sprinted and became the first who reached the destination when playing a game with other children at a summer camp in Beijing.

Environment 'priority' for nation

China remains a major driver for economic growth in Asia, but ecological and environmental issues still top the nation's major challenges, said Hamid Sharif, the Asian Development Bank's country director for China.

Greenland eyes subway projects to mitigate realty investment risks

Greenland Holding Group, a State-owned developer, is setting up a metro investment and development company in Shanghai to tap the growing opportunities in China's infrastructure sector, a top company official said.

WH aims to raise $2b in scaled-down public float

WH Group Ltd is set to raise $2.05 billion in a scaled-down Hong Kong initial public offering, a person with direct knowledge of the transaction said on Tuesday.

Renewed optimism lifts equities

Investors' expectations for easier policies from the central authorities sent stock indexes to a several-month high on Tuesday, with automotive, bank and property sectors leading the rally.

IN BRIEF (Page 18)

China Mobile pulls plug on VIP rooms

China Mobile Ltd said on Monday it is removing its premium customer lounges at the nation's airports in a bid to cut back on operating expenses.

IT upstages realty in the household wealth stakes

Information technology has replaced real estate as the top source of wealth in China this year, amid a housing market slump, said an industry report released on Monday.

Affordable restaurants bring cheer as catering industry bounces back

China's catering service sector saw revenue in the first half of 2014 rise 10.1 percent year-on-year amid expansion of affordable restaurants, the China Cuisine Association said in a report on Monday.