China's listed commercial banks are expected to accelerate the expansion of their credit asset securitization businesses in 2015, as regulators loosen their control over the sector and the banks themselves attempt to reduce risk amid the economic slowdown.
Is Chinese buyers' appetite for smartphones slowly running out of steam? At least for the time being it appears so, after the world's largest smartphone market recorded an unprecedented shipment contraction during the first three months of the year, an industry report said on Monday.
Search engine giant Baidu Inc has been put under the spotlight after local media reported that the group has launched an internal anti-corruption investigation against three of its departmental directors.
The Shanghai Composite Index rebounded 3 percent to close at 4,333.48 points on Monday, reversing last week's losing streak, after the central bank cut benchmark interest rates for the second time this year by 25 basis points to help shore up the flagging economy.
Guangdong Yizumi Precision Machinery Co, one of China's largest injection molding and die casting machine makers, hopes to finalize the site location for its first manufacturing facility in India this year, a key component of its planned expansion overseas.
It was a hot, noisy afternoon in late April. Standing on the roof of a building in downtown Shenzhen, Ken Lee, a young executive of Shenzhen Huaqiang Industry Co Ltd, pointed at a pile of cement sacks and other construction materials and said: "Come back in June. You will see here a 5,000-square-meter 'maker' space, and that's just the first phase. We'll have everything here for makers who want to make a fortune."
"By widening shoppers' choices and stimulating consumption, e-commerce can be a strong force to reverse China's economic downturn. The government should do all it can to support the sector."
Retail gasoline prices are set to rise again from Tuesday, in line with China's fuel price adjustment mechanism and an increase in global crude prices.
Domestic train manufacturers China CNR Corp and CSR Corp on Sunday submitted an application to the Shanghai Stock Exchange to terminate trading in their shares, putting them on track in a merger process to create the world's largest rail equipment conglomerate in terms of sales.
China's 1 trillion yuan ($161 billion) local government bond plan is likely to get a new lease of life.
India has named private banker K. V. Kamath as the first head of a new development bank being set up by the BRICS (Brazil, Russia, India, China and South Africa) group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters in New Delhi on Monday.
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