Regulators support creation of 12 new private banks

Twelve privately owned banks have entered the project demonstration stage before getting final approval to begin operations, said the China Banking Regulatory Commission on Wednesday.

Back to the farm for pupils in Shenyang

In front of the vegetable counters in the Carrefour Shenyang Wenhualu store, a couple of school kids are choosing some sticks of celery very carefully, a process which is making quite an impression with adults in the supermarket.

South Korean singers bond with Sichuan children

Forty schoolchildren sit in a circle in a music classroom, passing a toy panda to each other to the sounds of music.

Online store Mengwuque gives helping hand to disabled

Online shopping can mean more than a splurge but also generous help for handicapped people in China, thanks to a project launched by Chinese e-commerce major JD.com Inc.

IN BRIEF (Page 18)

International SOS sees major growth

Medical assistance firm targets expanding corporate market

Young Chinese coders star at Apple forum

With posters and invitations written in Apple Inc's Swift code typography unveiled ahead of its annual developers' extravaganza, the Cupertino, California-based company has already indicated that teaching coding to younger generations will feature at this year's worldwide developers conference.

Masteel to make high-speed wheels

China's domestically produced wheels for high-speed trains traveling faster than 250 kilometers per hour will be ready to replace the imported ones as early as in the first half of 2017, according to a leading Chinese train wheel maker.

Alibaba bears pounce on concerns

Traders have never been more bearish on Alibaba Group Holding Ltd, the fast-growing Chinese e-commerce company facing a regulatory probe and the loss of a key investor.

Fintech wave sparks investment funds

Chinese banks have moved to set up investment funds to acquire overseas financial technology companies, hoping to harness technical innovation in the financial sector, or the so-called fintech wave that is poised to disrupt the traditional banking business.

Tianjin ORAC plans to lift level of innovation

Tianjin ORAC Elevator Co Ltd plans to introduce robots to its assembly line in order to boost efficiency and speed up the pace of its transformation toward intelligent manufacturing.

City boosts finance leasing to help small businesses

Finance leasing is becoming the second-largest source of capital, after bank loans, for small and medium-sized businesses in Tianjin, an industrial and logistics hub in northern China, according to the city's financial watchdog.