Citi (China) Co Ltd announced on Tuesday it has received approval from China's central bank to act as a bond settlement agent in the country's interbank bond market, thus becoming the first US-based bank to be granted a Type A Bond Settlement Agent license.
Chinese equities dropped as weaker oil prices weighed on energy companies, and as investors fretted over data on the nation's foreign-currency reserves to help gauge the outlook for the yuan.
The real estate industry is expected to continue to grow in Hainan, China's only tropical province, as more people look to buy holiday homes in an area with a favorable climate, said business insiders.
As a "pearl" in the South China Sea, Hainan is blessed with blue waters, soft white sand, bright sunshine and vibrant rainforests. It is attracting more tourists on holidays or to even buy homes of their own.
Nearly four years after President Xi Jinping vowed to shake up State-owned enterprises, 2016 appears to be another mixed story for oil and gas producers, steel-makers and aluminum smelters, with some grappling with declines while others are turning losses to profits or even beating earnings estimates.
China's listed coal companies turned major profits last year, reversing previous deep losses, because of rising coal prices according to the latest estimates - but one leading industry expert has warned of unsustainably high prices.
A Michigan-based subsidiary of China's biggest plastics maker will invest $60 million and create 150 jobs over the next three years with an expansion of its suburban Detroit plant.
In a bid to enter the North American market, home décor company Scisky signed a five-year sponsorship agreement with the NBA's Houston Rockets on Friday, with former Rockets great Yao Ming as the company's spokesperson.
Chinese leading private equity firm China Science and Merchants Capital Management Ltd said it is selling shares in eight A-share listed companies this year, to meet regulatory requirements and expand private equity business.
Chinese educational-technology firm ReTech is looking to debut on the Australian Securities Exchange index, with an initial public offering set for March.
Chinese mainland stocks in Hong Kong posted their biggest gain in a month as insurers rallied.
With the arrival of China-bashing Donald Trump as president in the White House, analysts are drawing up shortlists of winners and losers from any eruption of tensions between the world's top two economies.
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Raymond Zhou
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