Holiday Trend - Chinadaily.com.cn

Holiday Trend

Regulations target entrusted loan use

[2018-01-12 07:37]

The China Banking Regulatory Commission has announced rules to further standardize the management of entrusted loans, strictly restricting the sources and uses of such funding.

CBRC to close financial loopholes

[2018-01-12 07:37]

The China Banking Regulatory Commission will coordinate with the People's Bank of China, the nation's central bank, to form new regulations on financial institutions' asset management businesses this year, according to an official from the commission.

Winter has come for physical outlets in age of e-commerce

[2018-01-12 07:37]

BEIJING - The closure of a 27-year-old shopping mall in Beijing has sparked sadness that winter has come for physical stores in the age of e-commerce. North Star Shopping Center in the Asian Games Village (Yayuncun) announced its closure Monday. The center is located outside the northern part of the fourth ring road in Beijing.

M&S completes exit from China

[2018-01-12 07:37]

British retailer Marks & Spencer Group has completed its withdrawal from China by closing its remaining online store on Tmall and selling its franchise business in Hong Kong and Macao after shutting down 10 brick-and-mortar stores on the Chinese mainland in 2016.

Aberdeen to launch onshore equity fund

[2018-01-12 07:37]

Aberdeen Standard Investments, the United Kingdom's largest active asset manager, will launch its first onshore equity fund, which will focus on the country's A-share market, in the middle of this year.

Domestic tech firms step up efforts on chip production

[2018-01-12 07:37]

In response to the country's increasing stress on internet and information security, domestic companies have sped up their research and development of independently produced and controllable chips.

Stock surge lifts Moutai valuation

[2018-01-11 07:48]

Kweichow Moutai Co Ltd, China's signature high-end spirit maker, is becoming "white gold" for investors after it became one of the most valuable stocks in the A-share market, with a market capitalization of 987 billion yuan ($151 billion) after its shares soared on Wednesday.