First PPP reinsurer opens for business

Qianhai Reinsurance Co Ltd officially launched its business on Wednesday, becoming China's first reinsurer created under a public-private partnership.

Three Chinese exchanges eye 40 percent stake in Pakistani bourse

Three of China's financial market operators intend to buy jointly a combined stake of up to 40 percent in the Pakistan Stock Exchange (PSX), a person with close knowledge of the potential deal told China Daily.

A-shares may get fillip as 21 companies receive nod to manage pension funds

The first batch of 21 Chinese pension-fund management institutions were approved on Tuesday afternoon. This move is expected to shore up the A-share market greatly.

China Life links new insurance measures to poverty prevention

China Life Insurance Co, the country's largest insurer, said it would intensify efforts to provide comprehensive protection for people against serious illnesses, a move to help people avert poverty.

National Cancer Center, GE fight breast cancer

General Electric Healthcare Co, a leader in the high-end medical devices market, said it will partner with China's national cancer center and work on the research and treatment of breast cancer.

Guangzhou OED gives kids e-readers

Guangzhou OED Technologies Inc, a major electronic-paper display supplier based in Guangdong province, has launched a charity program to provide electronic readers for children in low-income families.

IN BRIEF (Page 18)

SZ hub innovates to survive

Wang Laobao is a survivor who thrived. Once a vendor selling electronic products in Shenzhen's Huaqiang North, he became chairman of e-commerce platform okhqb.com.

Electronics market in Shenzhen struggles to cope with e-onslaught

The Huaqiang North Electronic Market in Shenzhen used to be bustling but now counters are gathering dust and stores are shuttered with rolling doors.

China's VC, PE funds key to new tech

Chinese venture capital and private equity firms have assets totaling more than 7 trillion yuan ($1.02 trillion) under management this year, and the amount will exceed 10 trillion yuan in 2020, according to the chief of Zero2IPO Group.

Face-recognition startup 'raises $100m'

Megvii Inc, a Chinese developer of facial-recognition technology, has raised at least $100 million from investors, including Foxconn Technology Group and CCB International Holdings Ltd, according to people with direct knowledge of the matter.

Tsinghua Unigroup plans $7b cross-Straits fund

Beijing-based chip giant Tsinghua Unigroup Ltd said on Tuesday it is planning to launch a 50 billion yuan ($7 billion) fund to promote cross-Straits economic ties, after its investment proposal to invest in firms in Taiwan province ran into trouble.