Real goal is not to clean up the Communist ranks but to boost flagging support for continued party rule by appearing to get tough on the bad guys

Wang Yong writes in Caixin: Beijinger Wang Xiuxia should be in the Guinness World Records book for holding 1,000 license plate numbers, equivalent to 5 percent of new Beijing numbers issued monthly. She rented them out for profit. The case,…

Century Bridge Capital has invested $32.8 million in a joint venture with Zhejiang Headway Real Estate for the development of a middle-income, residential project in Hangzhou, China, according to a company announcement. "The Hangzhou project is consistent with our strategy of investing in middle-income housing in Tier II Cities that benefit from China's expanding infrastructure […]

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In a deal expected to gain Bank of America Corporation $750 million, the bank is selling its final stake in China Construction Bank Corporation. Representing approximately 2 billion shares, or 1 percent of all CCB shares outstanding, Bank of America's agreement to dispose of the involvement will reportedly not impact the two banks' strategic assistance […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Collaboration software company Atlassian has expanded its affiliate network into China. The Chinese Software Developer Network, one of the largest developer communities in China, has signed on as Atlassian's newest partner. CSDN will sponsor an Atlassian microsite and a series of accompanying offline events to provide Chinese users access to and information on Atlassian software, […]

Swedish home supplies giant Ikea formally announced that its second store in Beijing will open at the end of 2013. The new Ikea store will be one of the main stores of Inter IKEA Shopping Centre and will be based in Beijing's Daxing district. The new Ikea store will be on the subway's line four. […]

Microsoft's Office Mobile running on Android devices will be launched in the Chinese mainland market in the following weeks. Microsoft launched this application first in America in July 2013 and it has been deployed to many key markets in Asia. At present, this product is available in 14 countries and regions in Asia Pacific, including […]

Beijing-based e-commerce firm LightInTheBox Holding Company Ltd. is facing a possible securities class action lawsuit against it and some of its senior officers. Law firm Robbins Geller Rudman & Dowd LLP says that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of […]

China’s securities regulators are on a crusade to clean up the business and the case looks set to become a catalyst for positive change