Young Chinese need to plan for retirement, says insurer

The return expectations of many Chinese investors have dropped while property investment remains a priority among younger investors in terms of financial planning, a survey showed on Thursday.

Lenders see net 2016 profit growth

The net profit growth in 2016 of Chinese commercial banks increased 1.11 percentage points year-on-year as of the end of the fourth quarter of 2016, while the nonperforming loan ratio dropped slightly after a continuous rise since the first quarter of 2012, according to data released by the national banking regulator on Wednesday.

COFCO outlines further mixed-ownership reforms

Shares of three listed units of State-owned China National Cereals, Oils and Foodstuffs Corp rose sharply on Wednesday, after the country's biggest food supplier by volume announced further plans for mixed-ownership reform on Monday.

iQiyi.com raises new funds in battle for market share

iQiyi.com Inc, the Netflix-like video streaming arm of Chinese online search engine giant Baidu Inc, has raised $1.53 billion of new funds to compete with its domestic rivals in the ongoing battle for market shares.

Company helps farmers cultivate

Qingdao New Energy Solutions Inc, a Chinese solar panel manufacturer, has invested 240 million yuan ($34.88 million) in a 200 megawatt photovoltaic greenhouse in China's Ningxia Hui autonomous region.

Blueair clears the air with several hospital donations

Swedish air purifier manufacturer Blueair this month donated 20 air purifiers to the pediatric clinic at Peking University Third Hospital. In an attempt to boost its corporate social responsibility, Blueair aims to provide a healthier breathing environment for the staff and patients at hospitals.

Samsung fans education flame

As innovative educational flame burns bright in China, helped along by South Korea-based Samsung Electronics Co Ltd, which says it wants to further diversify its scientific and innovative activities in the country's universities - to build a solid foundation of talent for future development.

IN BRIEF (Page 18)

HNA buys stake in Deutsche Bank

Chinese conglomerate HNA Group is seeking to expand its finance business and further diversify its operation structure after taking a stake in Deutsche Bank, the first Chinese investor to take a major stake in the bank.

Ice and Snow World heats up Harbin's economy

A total of 240,000 people visited the Ice and Snow World in Harbin, capital of Heilongjiang province, during the recent Spring Festival holiday (Jan 27-Feb 2), up 20 percent on the same time last year, according to local government data.

BYD electric taxi fleet to start engines in Singapore

New energy vehicle producer BYD Co Ltd announced that it has supplied 100 electric taxis to a new company which is launching its operations in Singapore on Feb 24, bringing the nation its first fully-electric taxi fleet.

City cluster program gets bank's backing

Programs to support the coordinated development of Beijing, Tianjin and Hebei province - into a planned new city cluster expected to fuel the growth of the whole Bohai Bay area in the coming decades - will get the backing of Tianjin's banking sector, senior financial officials from the region said.