China's top securities watchdog on Tuesday vowed a tougher crackdown on fraudulent initial public offerings following the opening of a trial involving the first Chinese company forced to be delisted from the stock market over IPO fraud.
When was the last time you saw a yifen or a 1 cent coin? Probably years ago, as today they are rarer than giant pandas.
For coin designers, bringing innovative ideas to life takes talent and years of training.
The slow death of the humble coin has become a global phenomenon.
Financial technology, or fintech, is offering automobile buyers new purchasing experiences in the form of big data, cloud computing, artificial intelligence, face recognition, intelligent risk control etc, and the technology is expected to reshape the whole industry in the coming decade, a new report said.
BEIJING - China's transition - from a country that follows the world's technological trends to one that sets them - is no longer a blueprint. It's a reality. After years focusing on innovation, China caught up fast. From artificial intelligence and genetic engineering to mobile payments and bike-sharing, Chinese firms are pulling ahead of their rivals.
Beijing-based UCAR Inc is setting up a comprehensive car service platform as part of a strategic upgrade that the car-rental company expects will help it better compete with other market leaders such as Didi Chuxing.
The launch of a trading link between the Shanghai and London stock exchanges will mark an important step in China further opening its capital market to international investors and will also attract long-term overseas capital, which will help stabilize the Chinese market, analysts said on Monday.
Government efforts to encourage rental housing development, a measure intended to curb speculation in the real estate market and support the healthy and stable development of the sector, are prompting developers to shift from conventional models to more innovative approaches, analysts said.
Tighter lending rules are forcing mainland's developers to seek additional financing resources besides the usual sources of credit, analysts said.
BEIJING - As the year 2017 draws to a close, there is no doubt that China will meet its economic growth target of 6.5 percent.
Digital forces may evolve and create value equivalent to 10 to 45 percent of overall industry revenue by 2030 in China, according to a recent McKinsey & Company report.
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Raymond Zhou
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Chen Weihua
