Leon Liao, gaming analyst at investment bank Jefferies & Co., tells China Money Podcast host Nina Xiang that he likes Macau casino operators Galaxy, SJM Holdings Limited, Sands China Limited, and Melco Crown Entertainment (ADR). Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events […]

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Move prompts speculation of intervention in HK-traded renminbi

Chinese state-owned aerospace and defense company Aviation Industry Corporation of China (AVIC) has acquired automobile parts maker Henniges Automotive Holdings, Inc. from U.S. private equity firm, Littlejohn & Co. Financial details are not disclosed, but a company announcement says the deal is one of the largest acquisitions by a Chinese company of a U.S.-based automotive […]

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Leon Liao, gaming analyst at investment bank Jefferies & Co., tells China Money Podcast host Nina Xiang that Macau's junket system is consolidating as casinos' revenues plummet, with weak operators shutting down. Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow […]

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.

Beijing-based Dongtian Fashion, backed by a subsidiary of China International Capital Corp (CICC), Sequoia Capital and ChinaEquity Group, has filed a prospectus to offer shares on China's National Equities Exchange and Quotations (NEEQ), China's so-called New Third Board. According to Chinese media reports, Dongtian Fashion's largest shareholder is the company's founder and chairman, Li Dongtian, […]

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Chinese premier attributes global market turmoil to 2008 financial crisis

Leon Liao, gaming analyst at investment bank Jefferies & Co., tells China Money Podcast host Nina Xiang that Macau's gaming sector may have reached bottom range after a significant drop from its peak levels. Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in […]

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 Minsheng Investment Corp., Ltd., a national-level private investment fund backed by Chinese private enterprises, is planning to invest US$5 billion to build an industrial park in Indonesia. The company's vice-president Chen Guogang revealed the investment during a discussion on China's "One Belt One Road" strategy at the World Economic Forum annual meeting of New […]

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Unmanned aerial vehicle owes ‘at least a heavy debt’ to Chinese systems

Deflation still a threat despite uptick, with factory gate prices still in decline

China's consumer price index (CPI) inflation climbed to 2.0% year-on-year in August, 0.4 percentage point higher than July and also higher than market expectations, largely due to rising food prices. In particular, pork prices rose 19.6% year-on-year in August, contributing 0.59 percentage points to the headline inflation number. Producer price index (PPI) remained negative for […]

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Hangzhou-based P2P (peer to peer) lending platform Weidai has completed RMB150 million (US$24 million) series B financing led by Shenzhen-listed Hakim Co., Ltd, a Hangzhou-based smart building and smart city services provider. According to Chinese media reports, Hakim also led an undisclosed series A funding round in Weidai one year go. Launched in 2011, Weidai […]

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Alibaba has started testing its streaming video service named Tmall Box Office, which is a Netflix-style subscription video service. The monthly subscription for the service costs CNY39 and the annual subscription is CNY365. Alibaba revealed in June 2015 that the company would launch an online streaming video service which will include Chinese and foreign movies […]

Banks receive warning amid struggle to contain fallout from renminbi devaluation