Former British colony’s chief executive releases initial report on how HK should meet the pledge of introducing universal suffrage in 2017

Six large SOEs chosen in pilot that aims to attract private investment and improve corporate governance as part of push to raise economic efficiency

Macau's total gross gaming revenue dropped 3.7% in June to 27 billion patacas (US$3.4 billion), the first decline in five years, because of softness in the VIP table segment and the distractions of the World Cup, according to Macau’s Gaming Inspection and Coordination Bureau. Fitch Ratings has therefore lowered its Macau gaming revenue growth estimate […]

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.

Pollution is getting worse in China's capital city, and the Beijing government is using technology to help fix some of the problems. The Beijing municipal government has reached a deal with IBM to use the tech company's advanced weather forecast and cloud computing technologies to solve the stubborn smog problem in the city. Facing serious […]

Countries join alliances, or entities such as the European Union, because these groups make the benefits and obligations of membership as unambiguous as anything in international relations can be. For Germany and South Korea, however, ties to historic alliances – NATO and the US, respectively – appear to be changing before our eyes.

Second-quarter GDP forecast at 7.4%, the same as the first quarter, but if it misses that estimate the full-year target of 7.5% will be under question

Data suggest the authorities are loosening the taps to stabilise a slowing economy having rolled out series of targeted stimulus measures since April

Global alternative investment funds now manages a total of US$5.7 trillion in assets, with the top 100 alternative managers taking 58.9% of that total with assets-under-management of US$3.3 trillion in the year of 2013, according to a new report issued by global professional services company, Towers Watson. For the top 100 managers, about 45% of […]

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.

China's total social financing increased to RMB1.97 trillion in June from RMB1.40 trillion in May, higher than market expectations, according to data released by People’s Bank of China. Total social financing for the first half year of 2014 reached RMB10.57 trillion, up RMB414.6 billion compared with a year ago. New RMB loan climbed to RMB5.74 […]

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 California Public Employees' Retirement System (CalPERS), the largest public pension fund in the U.S., reported a preliminary 18.4% return on investments for the 12 months that ended June 30, 2014, according to an official announcement. CalPERS' 18.4% return is well above the fund's discount rate of 7.5%, the long-term return required to meet current […]

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 Chinese securities regulator issued two sets of rules last week aimed at further liberalizing its fund management industry, according to announcements posted on the organization's official website. A draft rule regarding the supervision of Chinese private equity funds was issued by the China Securities Regulatory Commission (CSRC) to offer clarity on limited partners (LPs) […]

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 asset management firms Bohai Industrial Investment Fund Management Co., Ltd. and Harvest Fund Management have cooperated with American investment consulting firms Rosemont Seneca Partners and Thornton Group LLC to raise a US$1.5 billion fund to invest in overseas companies, according to media reports. The fund will raise money in both RMB and US dollars. […]

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 real estate group Dalian Wanda Group announced that the company will invest USD900 million to build a 350-meter building in Chicago, which will be a 89-floor five-star hotel and apartment project. This marks a new overseas expansion of Wanda's hotel business following its entry into London and Madrid. On the completion of the building, […]

Hong Kong has been plunged into it worst crisis since 1997 as pro-democracy activists and Beijing clash over how the former colony should be run

A joint venture among NetJets and a consortium of Chinese investors can now commence operation as a repair and service station. The JV obtained its Part 145 Repair Station Certification from the Civil Aviation Administration of China that allows for the service station. This approval is separate from the Part 135 certification which allows NetJets […]

Chinese Internet security provider Qihoo 360 has established a venture capital company in Silicon Valley to invest in start-up companies with strategic significance. Qihoo 360 expects to enhance its own products and expand its user base with the technologies of those start-ups based in the U.S. Mike Liao, Qihoo 360's strategic action director, said that […]