China’s official manufacturing purchasing managers' index (PMI) picked up to 51.0 in June from May’s 50.8, hitting a six-months high, according to data released by China’s National Bureau of Statistics. The gauge has been climbing for the fourth continuous month, indicating that policy easing has helped stabilize growth, says a Nomura research report. China’s GDP […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Wuxi city, Jiangsu province-based Chinese cloud computing infrastructure provider Huayun Digital Technology Services Co. Ltd. has received US$50 million series B financing led by SIG China in the beginning of this year, according to a company announcement. Intel Capital also participated in the round. Previously, Huayun Digital received tens of millions RMB series A funding […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Shenzhen-based Chinese P2P (peer to peer) lending platform Touna.cn has received series A financing worth up to RMB100 million (US$16 million) from GF Xinde Investment Management Co. Ltd., according to a company announcement. The investment is part of a strategic partnership between Touna.cn and GF Xinde Investment, a subsidiary of GF Securities Co., Ltd. Aside […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Chinese property firm Fu Wah International Group has completed the acquisition of Park Hyatt hotel in Melbourne, Australia, in the company's first significant foray into the Australian property market, according to an announcement posted on Fu Wah's website. Terms of the deal were not disclosed, but the transaction is reported to be worth A$135 million […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

The explosion caused by a construction crew highlights the lack of safety systems as China’s cities continue their fast pace of growth

The sector grew at its fastest pace in six months, in the latest indication that recent policies have steadied Chinese economic growth

Ever since Francis Fukuyama argued, more than two decades ago, that the world had reached the end of history, history has made the world hold its breath. And it is in the Middle East that history is at work on a daily basis – and with the most dramatic consequences.

Inner Mongolia-based Chinese organic diary firm China Shengmu Organic Milk Limited is planning to raised a total of HK$1.31 billion (US$169 million) in an initial public offering in Hong Kong, according to a regulatory filing Shengmu submitted to the Hong Kong Stock Exchange on June 30. China Shengmu is planning to issue 445 million shares […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Leung Chun-ying said universal suffrage was ‘common aspiration’ of leaders in Beijing and HK, and that he was working to forge a consensus

Communist party expels Gen Xu Caihou of the People’s Liberation Army for allegedly taking bribes in return for promotions

Chinese media and entertainment group Enlight Media will invest about CNY385 million to acquire the animation company Bluearc Animation and the mobile game company Refeng Network. According to the company's announcement, Enlight Media will invest CNY176 million to acquire a 51% stake in Refeng Network. After Refeng Network achieves its performance goals for the next […]