Coaches to help get national healthcare system into shape

Beijing-based medical consulting company Cycares has launched a project to provide well-being coaches to raise health awareness and reduce the incidence of chronic disease.

IN BRIEF (Page 18)

Regulator to rein in risky fundraising

China must pay close attention to the spreading of risks arising from cross-sector and cross-market financial innovation, tighten regulation and strengthen coordination to mitigate potential systemic risks, said an official of the China Banking and Insurance Regulatory Commission.

China Merchants Bank to expand focus on fintech

Positioning itself as a fintech bank, China Merchants Bank Co Ltd will increase technology investment to deepen its transition toward asset-light operations and management, said a senior executive of the bank.

New energy battery giant to raise $834m from Shenzhen IPO

Contemporary Amperex Technology Ltd, the world's biggest electric vehicle battery producer by sales, said it will start the subscription period for its shares on Wednesday, in a bid to raise 5.35 billion yuan ($834 million) for further expansion.

Short video mobile apps on the rise

Short videos are seeing explosive growth in China and are gradually becoming one of the major ways Chinese netizens are recording and sharing information.

Douyin offers creative expression

Luo Li, a 24-year-old college student from Anhui province who seldom watched or shot 15-second short videos before, has recently become interested in shooting "finger dance" videos.

Domestic companies expand platforms overseas

China's short video platforms are gaining momentum globally as leading domestic firms expand their apps overseas, with a particular focus on emerging markets.

High-tech leads foreign direct investment growth

China's high-tech industry saw growing capital inflows in the first four months of 2018, with a significant increase of foreign direct investment in the country's medical equipment manufacturing sector in particular.

Reforms spur expansion in central and western regions

Foreign direct investment into central and western China registered double-digit growth in the first four months of this year, as local authorities build a transparent and equal business environment for global companies to further tap into markets with vast potential.

Innovation trend, Belt & Road improving business landscape

Low-end, labor-intensive and environmentally unfriendly foreign direct investment will no longer dominate China's investment landscape, as its primary engine of economic growth has shifted from exports and investment to consumption and innovation, business leaders said.

Caution urged on unicorn enthusiasm

Experts are advising caution when investing in newly listed unicorn companies - startups with $1 billion valuation - as some have seen their market capitalization shrink dramatically following their hyped IPOs.