Outbound tourist flows from China rise

China continued to make rapid strides in the global tourism market with about 107 million people from the country making outbound trips last year, a new report said.

'Fluctuations are linked to dollar'

Economists are insisting that recent global financial market sell-offs should not be blamed on the depreciation of the Chinese currency.

Bond market to see flurry of issues this year

China's bond market will see another 2 trillion yuan ($312.5 billion) of bonds issued by local governments this year, testing the market's readiness over massive low-yield bond supply.

Margin requirements for stock-index futures hiked

The country's top securities regulator is stepping up its efforts at cracking down on illegal activities involved in the recent stock market turmoil, particularly on stock-index futures trading, officials said on Friday.

IN BRIEF (Page 6)

Oil firms see profit go up in smoke

China's oil and gas majors saw their profits slump during the first six months of the year, with the levels falling to the lowest in five years, according to financial reports.

COSCO reaps the rewards of restructuring

China Ocean Shipping (Group) Co remained profitable during the first six months of this year, with net profit attributable to the shareholders reaching 1.897 billion yuan ($296 million), a 183.31 percent increase over the corresponding period a year earlier, according to interim results released by China's largest liner on Friday.

Goubuli plans public float to fund expansion

Tianjin's 150-year-old food brand Goubuli is seeking a more vibrant future in the capital market to finance its expansion plans.

Uber China closes $1b funding round

Uber Technologies Inc's China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the United States-based ride service despite strong domestic competition.

Huarong set to raise funds in Hong Kong

State-owned bad debt management firm China Huarong Asset Management Co Ltd has won approval from Hong Kong's stock exchange for its initial public offering, expected to raise as much as $3 billion, a person with direct knowledge of the plans said.

Lenders grapple with bad loans

The first two Chinese banking giants to report earnings this week have two things in common: Zero profit growth and bad loans piling up at more than twice the pace of a year earlier.

Shared interests outweigh feuds and differences

US National Security Advisor Susan Rice is in town on Friday to discuss the preparation work for Chinese President Xi Jinping's trip to the United States next month. Both Beijing and Washington have attached great importance to Xi's upcoming visit, which is sure to lay an indelible mark on Sino-US relations.