The yuan's share of global payments rose to a record in September as China bolstered efforts to promote international use of its currency.
Growing challenges at home may mean further expansion overseas
China Rongsheng Heavy Industries Group Holdings Ltd, the private-sector shipbuilder that had sought financial assistance, has secured cash for restructuring and announced changing the company's name as it shifts focus to energy.
Baidu Inc's third-quarter sales missed analyst estimates as the owner of China's largest Internet search engine pushes deeper into mobile services.
Oversea-Chinese Banking Corp, one of Singapore's major lenders, has reported a fourth quarterly profit increase as it absorbed loans from its Wing Hang Bank Ltd acquisition and booked a gain from a stake in a Chinese bank.
Aging numbers and middle class growth driving the demand for medical devices
Be it made-in-Germany kitchenware or infant formula from the United States, Chinese shoppers can now place orders directly from overseas online shopping platforms owned by Amazon.com Inc as the e-commerce giant steps up efforts to boost its market share in China.
Companies' shadow banking assets hit 1.14 trillion yuan, or 13 percent of investments, reports Bloomberg.
When Chinese companies formulate overseas investment strategies, they need to look beyond their own growth. They must also address the concerns of the local society, according to Sean Weir, national managing partner and chief executive officer of Canada-based law firm Borden Ladner Gervais LLP.
China's outbound direct investment will outstrip incoming foreign direct investment for the first time this year, a report on the globalization of Chinese enterprises forecast on Wednesday.
Private equity and venture capital investment in China's telecommunications, media and technology sector, or TMT, was in full swing in the first half of 2014, but investors are being more prudent in the second half and that situation will continue next year, according to a report by PricewaterhouseCoopers on Wednesday.
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