What's news

Rally in media shares propels benchmark index

Developers 'lose the plot' as property sales plunge

The chill in the property market has cooled developers' interest in acquiring new sites, pushing local governments' land sale revenue down sharply.

Bank of China posts lower Q2 profit

Bank of China Ltd reported its slowest profit growth since the first quarter of 2013 after bad loans rose to the highest level in more than five years and the lender set aside provisions for more soured debt.

Lender targets cross-border business

Bank of China Ltd is making strenuous efforts to develop its cross-border renminbi business, part of its drive to expand non-interest income as it faces the dual challenges of a contracting interest rate margin and the increasing risk of bad loans.

Ikea builds its China business into top 10 spot

Sweden's Inter Ikea Systems BV, the world's largest retailer for home furnishings, said China became one of its top 10 markets by revenue for the first time in the current fiscal year, which ends on Aug 31.

Baosteel set to buy stake in industrial gas company

Overcapacity in steel sector forces firm to chart new growth strategy

Fosun looks to extend presence in insurance

Fosun International Ltd, the investment arm of China's biggest closely held conglomerate, is in talks to acquire the US life insurance arm of Swiss Re Ltd, people with knowledge of the matter said.

New talent learns from a 'Global Connection'

Exchange program gives youngsters perspectives on entrepreneurship

Schools ranked on leadership, corporate ideals

Responsible leadership has become increasingly valued by Chinese business schools as shown by their growing efforts in initiating research, conferences and projects, according to a report released by SynTao, a corporate social responsibility consultancy company in Beijing.

Mondelez puts focus on healthy eating for rural children

Nutrition education through play and a vegetable garden form part of a three-year project for rural students launched by Shanghai-based Mondelez China and the China Youth Development Foundation.

IN BRIEF (Page 18)

Downturn shakes realty foundations

Among 70 major cities in China, 64 recorded month-on-month price declines for new homes in July, up from 55 in June. And beyond expectations, all major cities saw housing prices decline last month, the National Bureau of Statistics said on Monday.