After a slight dip in the Luxury Consumer Price Index last year, it rose by 4 percent in 2014, according to a Hurun Research Institute report released on Tuesday.
Alibaba Group Holding Ltd teamed up with seven banks on Tuesday, jointly offering loans of up to 10 million yuan ($1.6 million) to China's small and medium-sized enterprises as the e-commerce conglomerate looks to further build a credit rating system based on online transaction histories.
Movie theater company IMAX Corp signed a deal on Monday with three Shanghai companies to increase the number of IMAX screens throughout China.
Chinese bad-debt managers saw a profit surge in the first half, helped by an increase in banks' bad loans.
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.
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.
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.
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.
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 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 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.
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.
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