CITIC Private Equity has teamed up with Beijing Enterprises Water Group Limited to acquire a majority stake of Hong Kong-listed cigarette package maker, Jin Cai Holdings Company Limited, for approximately HK$3.75 billion (US$484 million) in total, according to a securities filing. Jin Cai Holdings plans to issue about 1.41 billion new ordinary shares, which represents […]

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Shenzhen-based retail chain Ren Ren Le recently closed seven additional stores after the publishing of its third quarter financial report. Prior to this move, the company already shut 11 stores during the first three quarters of 2014. Shi Yong, chairman secretary of Ren Ren Le, said that at present, the retail industry is severely impacted […]

Country steps up its efforts to stimulate economy and offset capital outflow

Back in 2001, France floated a proposal that the five permanent members of the UN Security Council should voluntarily refrain from using their veto power when dealing with mass-atrocity crimes. French President François Hollande’s government is now actively pursuing that idea, and it could work.

The People’s Bank of China (PBoC) today announced that it would cut the reserve requirement ratio (RRR) by 50 basis points to 19.5% for large financial institutions, effective tomorrow. This will immediately inject up to RMB600 billion (US$96 billion) to the banking system, which could help lower companies' funding cost. In addition, the central bank […]

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Taiwanese brokerage firm MasterLink Securities Corporation has won regulatory approval to set up a RMB100 million (US$16 million) venture capital fund in the city of Tianjin in China, according to a company announcement. The fund, which initially is targeting to invest in emerging sectors including biotechnology and healthcare, will begin operation in March 2015, together […]

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Next year, China will take a turn as host of the G-20. Chinese President Xi Jinping did not miss the opportunity to advance the goal of an Asia-Pacific trade agreement while hosting last year’s APEC summit, and he certainly will not pass up the chance to ensure that the G-20 agenda serves China’s interests.

Chinese copper speculators appear to be heading for the exit

Hong Kong-based broadband service provider HKBN Ltd. is currently seeking approval from the Hong Kong Stock Exchange for an initial public offering, which would allow the company's private equity backers including CVC Capital Partners to exit, according to a securities filing. The filing, submitted in December 2014, did not disclose the timing or size of […]

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Shenzhen-based laser technology processing manufacturer Han's Laser Technology Industry Group Co., Ltd. and Guosen H&S Investment Company Limited, the private equity arm of state-owned financial service company Guosen Securities Company Limited, plan to jointly establish a RMB1 billion (US$160 million) industrial fund to invest in the robot and artificial intelligence sector, according to a securities […]

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Beijing-based overseas travel services firm 51tour.com has completed an undisclosed amount of series B financing from Chinese venture firms including Legend Capital, Shenzhen Cornerstone of Entrepreneurial Cci Capital Ltd, and Zhengyuan Celve, according to a company announcement. Meanwhile, the company has entered into a strategic partnership agreement with Hong Kong-based property developer, New World Development […]

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Beijing-based Chinese smartphone maker Xiaomi Inc. has acquired innovative design firm Rigo Design to make it an independent department inside Xiaomi responsible for product designs, according to a company announcement. Deal terms were not disclosed. Robin Zhu, the founder of Beijing-based Rigo Design, will serve as chief designer and be in charge of the new […]

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Probe into money lent to bank’s poor-country fund pits CFO Badré against treasurer Antoncic

China's monthly macro data in January and February are hard to interpret, as they can be significantly distorted by the different timing of the Lunar New Year. This year is no different, as the holiday will start from February 18, later than January 31 last year. Therefore, it's better to read January to February data […]

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New York, USA, February 4, 2015 /ChinaNewswire.com – Xinwengao.com/ – BZ Media LLC today announced new dates for InterDrone , the International Drone Conference and Exposition to be held in Las Vegas, NV. The event, which will be the largest commercial drone expo in North America, will be held September 9-10-11 at the Rio All-Suites … >>>

This press release has been syndicated from China Newswire – Social Media Content Marketing Press Releases For China

Chen Liming is the new IBM chairman of the Greater China region. Before joining IBM, Chen was China president of British Petroleum and has extensive operating experience in the Chinese market. Chen gained his Master's degree from Cornell University in 1989 and completed an advanced management program at Harvard Business School in 2003. He joined […]

The Euro-Atlantic region’s existing security architecture simply is not up to the task of resolving the Ukraine crisis or moving the region to a safer, more stable status quo. Russia and the West must formulate and act on new proposals now, before Europe is split for another generation.

As the international order becomes harder to manage, traditional and potential leaders increasingly consider the challenge too great, further fueling unpredictability and instability. It was at this intersection of test and trepidation that today’s vicious circle of geopolitical turmoil was set in motion.