Fall in yuan will create turbulence for Cathay Pacific Airways

For a decade, Cathay Pacific Airways Ltd has benefited from China's economic boom. But now the yuan currency depreciation and slowing growth are presenting a number of new challenges.

LeTV hires top financial talent

Company's move highlights growing demand for jobs at Internet startups

Universal cloud platform on cards

LeTV Holdings Co Ltd on Tuesday unveiled its cloud-computing strategy, pledging to build a global content distribution network that specializes in live video streaming.

Equities slump on economic concerns

Share prices plunged on Tuesday as jittery investors resorted to huge sell-offs on concerns that the government has halted its plan to buy equities to stabilize the market.

Middle-class families bear the brunt of swings on bourses

The wealth of middle-class families in China has shrunk substantially as a result of the recent stock market crash, said a report published by the China Securities Depository and Clearing Co Ltd.

Personal investable assets likely to reach $31 trillion in five years

Personal investable assets are expected to grow by 13 percent annually to reach 196 trillion yuan ($31 trillion) in the next five years, a new report said.

What's news

Governments and policies

Can apps offer a solution to our urban woes?

These really are the best of times for urban residents, who can tap an app on their smartphones to get almost anything they want, and at bargain prices.

Quotes of the day

Central bank injects $18.7 billion into market CHEN JIA

The People's Bank of China injected 120 billion yuan ($18.7 billion) worth of seven-day reverse repurchase agreements, or short-term loans to commercial lenders, into the interbank market on Tuesday.

Vanke profit slows despite more buyers in first half

China Vanke Co, the world's largest residential-property developer by revenue, posted slower net profit growth during the first six months of the year compared with gains in the same period last year.

Silver lining in Lenovo sales amid dark clouds

Lenovo Group Ltd has found a silver lining in its ailing smartphone business, as sales of entry-level handsets in overseas markets remained vibrant during the past few quarters despite a slowdown in China.