New generation of philanthropists hit a new high for donations to charity

Tencent chairman and chief executive Ma Huateng topped the list of China's 100 most generous philanthropists last year, as he promised to donate 100 million shares of Tencent stock, equal to 16.985 billion yuan ($24.75 billion), according to a new report.

IN BRIEF (Page 18)

Analysts foresee greater flows into Hong Kong

A net flow of 16 billion yuan ($2.3 billion) was recorded in the Shenzhen-Hong Kong Stock Connect after two months of the second stock link being in operation.

Citi gets bond settlement license

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 stocks fall as oil decline takes toll on energy companies

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.

Favorable climate in Hainan attracting holiday investors

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.

Tips on buying property

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.

Structural reform holds key to growth

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.

Coal prices power mining profits, maybe unsustainably

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.

Unit of Guangzhou's Kingfa Science to create 150 jobs in US state of Michigan

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.

Scisky signs sponsorship deal with Rockets

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.

CSM to sell A-shares in 8 firms to meet requirements

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.