The International Monetary Fund's decision to include China's renminbi in its Special Drawing Rights basket will generate more opportunities and present challenges to China's peer-to-peer or P2P lending market, said market insiders.
Online crowdfunding has emerged as a new fund-raising channel for China's cash-strapped small companies and startups amid a slowing economy.
Huaxia Finance is China's first Internet financial services provider to receive foreign direct investment, in the form of $3 million from Cathay Capital Group, the US-based investor, in December, 2015.
A very small office near the Sixth Ring Road in Beijing houses a very big dream, one that's shared by thousands of Internet security enthusiasts across China.
Nineteen years after its establishment, Shangri-La Hotel, Changchun, the first five-star hotel in the city, is still exploring new ways to serve its guests and society.
A proposal for social and economic development in Jilin province for the 13th Five-Year Plan (2016-20) gained approval at the 6th plenary session of the 10th Jilin Provincial Party Committee.
Policies in place, infrastructure being built for addition to Guangdong free trade zone
Qianhai is a very promising zone that is designed to become a new urban center of the city. It has incentive policies and enjoys advantageous location. It was reported that the working population would rise to 650,000 by 2020 and that businesses would boom as financial, logistics, modern services and technology industries develop. More business travelers will come to Qianhai and they definitely need luxury hotels like JW Marriott. That's why we are here. As the only luxury hotel in the area so far, we are confident about our business in the future.
Thirty-five years ago, an important decision was made concerning Shenzhen. The city on the southern coast of Guangdong province became the first economic special zone of China, and the reforms pioneered there led to the country adopting the market system and becoming the second-largest economy of the world.
Since the establishment of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone in 2010, innovation has been a driving force in the area, most notably innovative financial policies.
In addition to innovating its financial policies, Qianhai is looking to create a better legal system to establish a fair business environment for enterprises and attract more talent from Hong Kong.
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Raymond Zhou
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