Quotes of the day

Definitions, rules for local govt debt defined

The central government has for the first time clarified the definition of general obligation bonds issued by local governments and announced provisional regulations covering such securities, a development that lays the foundation for a true municipal debt market in China.

Talk of rail merger fuels interest in related shares

Combination of construction firms would create another industry behemoth

Firm takes stake in French airport

The Shandong provincial government has approved the acquisition by Shandong Hi-speed Group Co Ltd of a 49.99 percent share in Toulouse-Blagnac Airport for 308 million euros ($326.39 million).

Alibaba finance arm plans management partnership

Alibaba Group Holding Ltd's finance arm plans to use a partnership structure to allow top management to maintain control of the company's board after an initial public offering, according to people familiar with the matter.

Fiscal income growth slows in Jan-Feb

Fiscal revenue growth decelerated at a quicker-than-expected pace during the first two months of this year, adding to China's economic woes.

'Not much time left' to adapt to new terror law

China's draft counter-terrorism law is still very much alive, but some of the clauses that require overseas tech companies to reveal source codes and other sensitive information to government officials could be softened, according to industry insiders.

Growing roots along the Silk Road

Henan Rebecca Hair Products Inc, one of the world's largest wigmakers, is going to set up its fourth overseas plant in Africa next year, said Zheng Youquan, the company's founder and board chairman.

Testing time ahead for Alibaba shares

Alibaba Group Holding Ltd, the Hangzhou-based e-commerce giant listed in New York last year, has confirmed that the 180-day lockup period of about 437 million of its ordinary shares will end on Wednesday, suggesting there could be a flood of its stock onto the market.

Facial recognition payment on cards

Alibaba's founder Jack Ma purchased an old German stamp for 20 euros ($21) on his website Taobao in the presence of Vice-Premier Ma Kai and German Chancellor Angela Merkel, and paid for the same with his face.

Germany 'key target' for Chinese IT firms

China and Germany will deepen cooperation in technology innovation, manufacturing and finance, Vice-Premier Ma Kai and German Chancellor Angela Merkel said during a meeting on Sunday.

Quotes of the day

"The authorities should be cautious when putting administrative restrictions on the use of money. Interfering with the market by limiting buying properties or cars, setting prices or requiring approval will undermine the currency's value and upset market equilibrium."