More local govts allowed to establish AMCs

The banking regulator has allowed more provinces to set up local asset management companies to handle bad loans owed by local governments and financial institutions, which have seen surging troubled assets amid the economic slowdown.

What's news

SOEs post y-o-y growth in profit despite rising costs

Zoomlion sets focus on 'strategic' M&A targets

Construction equipment maker Zoomlion Heavy Industry Science & Technology Development Co Ltd said on Tuesday that it will explore strategic merger and acquisition opportunities, rather than large purchases, to boost its exports amid an industry downturn.

9Air to offer cheap flights in South China, points beyond

9Air Co, the first low-cost carrier in Guangdong province, will start operations soon by providing tickets priced as low as 9 yuan ($1.46) to tap into the booming market in South China, company officials said on Tuesday.

Uncertainty remains over Dalian Wanda's IPO price

Despite opportune timing, China's diversified conglomerate Dalian Wanda Group is facing difficulties in securing a high valuation from institutional investors for the shares it is planning to offer for sale in Hong Kong.

WeChat turns to students to expand its presence in US

WeChat, one of China's most popular mobile-messaging applications, is turning to thousands of students studying in the United States to spread its usage across the country.

Bank of China plans to double mortgage lending in Australia

Bank of China Ltd plans to double its mortgage lending in Australia in two years and wants to offer more home loans to local people, the bank's country head said.

Telemedicine calls as population ages

D-Phone Group, China's largest mobile phone retail chain store, has announced a 10 million yuan ( $1.63 million) investment in the telemedicine industry with the establishment of the China-based WorldCare China.

Climate disclosures to get increased emphasis

More Chinese companies are realizing the importance of disclosing environmental information to the public and investors, turning risks into opportunities against the backdrop of climate challenges.

Lung cancer still the biggest killer

As November's lung cancer awareness campaign continues, medical experts are calling for more emphasis to be given to raising people's attention to the possible causes of the disease, and how it can be prevented.

Developer Vanke joins key global carbon reduction project

China Vanke Co Ltd, the country's largest residential developer, has become the first real estate company in the world to join the carbon reduction project known as Climate Savers, which was launched in November by the World Wide Fund for Nature.

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