Transportation and logistics, food and beverages, and infrastructure-related sectors reported profit surges in 2016, according to annual results filed by companies listed in Shanghai and Shenzhen, showing China's real economy is recovering, and is shifting to the consumption-driven growth model.
Chinese major listed insurers, also important players in the capital market, took a conservative approach to the market this year and hope to boost their overseas investment.
"This seems to have been on the bestselling list forever, so I bought it, but I just don't get why it's so popular."
BEIJING - For the first time in six years, China's four largest banks saw their collective headcount drop in 2016. Lenders also cut costs.
The Chinese mainland overtook the United States as the No 1 investment destination in financial technology or fintech, according to Citi GPS, a research team under Citi Group.
Shares in China Unicom Hong Kong Ltd dropped nearly 4 percent on Thursday as investors expressed disappointment over its parent company's signal that the much-expected mixed ownership reform may not involve the Hong Kong-listed firm.
WeChat Pay is expanding into the United Kingdom next month.
Chinese bike-sharing startup ofo Inc will equip its bicycles with BeiDou-enabled smart locks, as part of its efforts to leverage the nation's homegrown BeiDou navigation satellite system to offer better-positioning services.
Shijiazhuang Zhengding International Airport, in the capital's neighboring Hebei province, has seen a 50 percent year-on-year increase of passengers from Beijing during the three-day Qingming holiday.
ISLAMABAD - Gwadar, a previously poorly-known port town in Pakistan, has been rapidly evolving into a new economic engine for the country with the construction of a free-trade zone being co-built with China.
MEXICO CITY/BEIJING - Chinese automaker Great Wall Motor Co Ltd is considering building an auto plant in two Mexican states hit by US President Donald Trump's drive to make US companies invest at home, sources said.
China will play a paramount role in the global green-bond market as the country needs the financing channel to provide capital for environmental improvement projects, analysts said.
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Raymond Zhou
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Berlin Fang
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Chen Weihua
